Finance

Question period focused on the state of Canada’s economy and federal finances. Conservative members said government spending and debt are driving up costs, citing job losses, a 6.9% unemployment rate that they said is the highest in the G7, growing food bank use, and a deficit they put at $65 billion, and called on the government to stop borrowing and spending. Liberal members responded that the government has cut rather than raised taxes, protected benefits, invested in workers, housing and major projects, and pointed to what they described as the lowest debt-to-GDP ratio in the G7, record exports and high foreign investment, inviting the opposition to support those investments. There was also an exchange over whether the deficit had gone up or down.Written by AI from the debate. Updated .

Official text (opens in a new tab)

8 statements

Roman Baber, York Centre

Conservative
“The Prime Minister's spending, debt, and taxes are hurting Canada's economy. I want him to stop borrowing and spending money so life is affordable for Canadians.”
  • A repeated line

    “The Prime Minister is just another Liberal.”

    Said 22 times by 14 members since April 23.

    Every time it was said
Official Hansard

Mr. Speaker, after one year, Canadians see that all the promises are broken and all the fancy speeches were just an illusion. With the Prime Minister, it is more costs, more taxes, more debt and more unemployment. The Prime Minister is just another Liberal. After a decade of deficits, taxes and debt, Canada has the lowest investment per worker, the second-lowest productivity and second-highest unemployment in the G7. The Liberals will add $1 trillion of debt by the turn of this decade, but Canadians will pay this credit card through more inflation and more taxes. Why will the Liberal Prime Minister not stop swiping the national credit card so Canadians can afford to live?

Ryan Turnbull, Parliamentary Secretary to the Minister of Finance and National Revenue and to the Secretary of State (Canada Revenue Agency and Financial Institutions)

Liberal
“We have cut taxes, not raised them. We also protected benefits and added money to help families buy groceries. We are making it easier to file taxes so people can get this help.”
  • Government answer in Question Period

    Relevance 45 of 100

    None of this answer addressed the specific question that was asked.

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Official Hansard

Mr. Speaker, the member said “more taxes”. This government has only reduced taxes. We have cut, capped and suspended many taxes and we have enhanced tax deductions for millions of Canadian families, workers and businesses. We have also protected federal benefits that Canadians rely on and added new benefits like the groceries and essentials benefit, which will help families with about $1,900 this year to help with the cost of groceries. We are also making it easier for Canadians to file their taxes so they can access those benefits through automated tax filing. That shows a clear commitment to addressing—

Roman Baber, York Centre

Conservative
“Liberal government debt is hurting the economy. Many Canadians are losing jobs and using food banks. Young people cannot afford rent, groceries, or homes, and youth unemployment is high. The government must stop spending so much money so life becomes affordable again.”
Official Hansard

Mr. Speaker, the member should tell that to the 2.2 million Canadians at the food bank. The Liberals’ $1 trillion of new debt means less growth and fewer jobs. In April, Canada lost 18,000 jobs. The unemployment rate is up. In the first four months of this year, Canada lost 111,000 full-time jobs. Youth unemployment is at 14.3%. Young Canadians already cannot afford rent, groceries or homes. Now they cannot even find a job. Liberal insiders are getting rich while Canadians are getting poor. Will the Liberal government stop maxing out the national credit card so Canadians can afford the basic necessities of life?

Kevin Lamoureux, Parliamentary Secretary to the Leader of the Government in the House of Commons

Liberal
“The Conservatives say they care about jobs, but their plans are bad. Our government is building big projects, growing exports, and bringing in investments to create jobs now and in the future. The Conservatives should support our work.”
  • Government answer in Question Period

    Relevance 26 of 100

    None of this answer addressed the specific question that was asked.

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Official Hansard

Mr. Speaker, the Conservatives talk about jobs, but in reality, they do not want us to do anything. Listen to what the Conservatives say. Their policies, in one word, suck. Let me tell members something. When we look at what this government has done over the last year, we see that we have been building major projects, looking to expand export opportunities and bringing billions of dollars in investment. Those things are going to create the jobs that Canadians want, not only today, but also into the future. It is time the Conservative Party wake up, get on side and be a little more—

Kyle Seeback, Dufferin—Caledon

Conservative
“Canada's unemployment rate is higher than other major countries. We lost 47,000 jobs in April. The government doubled our national debt, and I want to know why the results are so bad.”
Official Hansard

Mr. Speaker, the unemployment rate in Japan is 2.4%. In Germany, it is 3.7%. In the United States, it is 4.2%. In the United Kingdom, it is 4.7%. After the Liberals have been running our economy, Canada is at 6.9%. We shed 47,000 jobs in April alone. That is 47,000 families that now have to figure out how they are going to pay their rent or their mortgage and put food on the table. After doubling the national debt and spending so much money, how have the results for Canadians been so terrible?

Ryan Turnbull, Parliamentary Secretary to the Minister of Finance and National Revenue and to the Secretary of State (Canada Revenue Agency and Financial Institutions)

Liberal
“We are spending money to support workers, harbours, sports, and people with disabilities. We are doing this responsibly. We lowered our deficit by $11 billion and have the best financial position in the G7.”
Official Hansard

Mr. Speaker, whether it is investing in skilled trades workers, small craft harbours or sports from playground to podium, or improving access to the disability tax credit, we are building Canada strong. That is a Canada not just for a few Canadians, but for all Canadians. We are doing that in a fiscally responsible manner. We have $11 billion less of a deficit. We have a AAA credit rating. We are in the best fiscal position in the G7. We have also had the largest increase in foreign direct investment in 20 years. The PBO just confirmed that we have strong fiscal anchors. That is—

Kyle Seeback, Dufferin—Caledon

Conservative
“The Liberals did not lower the deficit. They increased it from $30 billion to $65 billion. Canada now has the highest unemployment rate in the G7. The government must apologize to the 112,000 families who lost their jobs and now need food banks.”
Official Hansard

Mr. Speaker, I almost do not even know where to start with that statement. The member said the Liberals reduced the deficit by $11 billion. That is not true. Under Justin Trudeau, the deficit was $30 billion. It is now $65 billion. That is not less, it is more. If they do not know that is more and not less, maybe that is why we have such a problem. When they say they are going to do things, they do not seem to understand that if they write something down, it does not mean it actually happens. That is why we have the highest unemployment rate in the G7. Will the Liberals at least apologize to the 112,000 Canadian families that lost their jobs and are now going to food banks?

Karim Bardeesy, Parliamentary Secretary to the Minister of Industry

Liberal

Linked statement

“Our economy is strong. We have low debt, record exports, and high foreign investment. Our plan is working, and I want the opposition to support our investments to create jobs for young Canadians.”
  • Government answer in Question Period

    Relevance 45 of 100

    None of this answer addressed the specific question that was asked.

    See full analysis
  • A repeated line

    “We have the lowest debt-to-GDP ratio in the G7.”

    Said 17 times by 13 members since April 29.

    Every time it was said
Official Hansard

Mr. Speaker, we have the lowest debt-to-GDP ratio in the G7. We have the highest foreign direct investment in this country in 18 years, at almost $100 billion. We have the highest exports on record, including a 31% increase in exports to Europe. These are signs of our resilience and the strength of our economy. Our plan is starting to work, despite the trade action that is being launched. We really seek the other side’s support in getting on board with these investments that can create jobs for young Canadians.

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