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Finance

Question period focused on federal spending, deficits, and the government’s newly announced investment fund. Conservatives said the deficit had doubled to $65 billion against the government’s earlier $31 billion forecast, that a trillion more dollars would be added to the debt by 2031, and that borrowing $25 billion to start the new fund is not how a real sovereign wealth fund works, since such funds use resource revenues rather than debt. They also raised cost of living, food inflation, and asked the government to stop running deficits. Liberals defended their record, saying Canada’s finances are among the strongest in the G7, that spending cuts would take dental care and other benefits away from people in Conservative members’ own ridings, and that the new fund and major projects would create jobs and wealth, including for Indigenous participants and skilled trades workers. A Liberal minister also disputed a Conservative claim about the economy and cited trade agreements with Indonesia and other Indo-Pacific countries.Written by AI from the debate. Updated .

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