“Our government is investing heavily in housing, infrastructure, and innovation. The International Monetary Fund agrees that our economic plan creates growth.”

“Madam Chair, it is a real pleasure to be spending the whole evening with my colleagues. My colleague will be happy to learn, because I know he will be very interested, that we made generational investments in infrastructure, housing, productivity and innovation. The plan of Canada, according to the International Monetary Fund, is the way forward in order to create growth. I am sure tonight my colleague will be very happy to know that the country is going to be building the strongest economy in the G7 and that we have made generational investments in infrastructure.”

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“Canada is in a very strong financial position. The cost to pay our national debt is close to 2 percent, which is much lower than the 6 percent it was in the 1990s.”

“Madam Chair, my colleague will be happy to learn, because tonight is a learning exercise for my colleagues, that in fact the percentage, when we look at the debt charge of Canada, is pretty low by historical standards. It is close to 2%. If we look at the historical figures in the 1990s, they were around 6%. I would say that Canada is in a very strong fiscal position.”

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“The cost to pay our debt will only be 1.7 percent of our economy in 2026. That is much lower than the 6.5 percent we saw in the 1990s. Our country's finances are in good shape.”

“Madam Chair, as I said, it is going to be interesting for Canadians to learn that the projected debt charge, as a percentage of GDP, for 2026-27 will be 1.7%. That is far below the peak of 6.5% that Canadians faced in the 1990s. What I am saying is that we are on a very solid fiscal track.”

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“The cost to pay our debt is lower than it was in the 1990s and below the 40-year average. Canada's finances are in good shape.”

“Madam Chair, again, it is going to be a very interesting evening. I look forward to the question because, in fact, what I was saying is that the debt charges, as a percentage of GDP, are not only lower than they were in the 1990s, but they are below the historical average of 40 years, which was 3.2%. I think the member should be happy to see that the country is on a very solid fiscal track.”

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“The International Monetary Fund says Canada's finances are the strongest in the G7, and our economy is growing second fastest. Canada is doing well financially.”

“Madam Chair, the member will be pleased to hear that the International Monetary Fund just stated that Canada has the strongest fiscal position in the G7. Actually, we have the second-fastest growth in the G7. I am sure that my colleague will be happy to report to his constituents that the country is on a good fiscal track.”

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• Echo ×12

  A repeated line

  “We have the second-fastest growth in the G7.”

  Said 12 times by 5 members since April 24.

  Every time it was said →

“Our government has two financial goals. First, we want the deficit to get smaller compared to the size of the economy. Second, we want to balance the operating budget by 2028.”

“Madam Chair, I will be happy to remind my colleague, who is a learned member of the House, that we have two fiscal anchors. One is a declining deficit-to-GDP ratio. The other is to balance the operating budget with revenues by 2028-29. Those are the two fiscal anchors of the Government of Canada.”

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“Expert Kevin Page says our target to balance the operating budget in 2028-29 will limit government spending more than rules tied to the size of the economy.”

“Madam Chair, in the spirit of teaching my colleague some of the facts, let me quote Kevin Page. He said, “The hard target of a balanced operating budget in 2028‑29 will put more constraints on the government than would fiscal rules tied to changes in the size of the economy”. This is coming from Kevin Page.”

“I am happy to testify at the committee. I promised to find a solution for the people of Laval, and I did. The mayor of Laval thanked me for our work together on this.”

“Madam Chair, I would be pleased to come testify in committee. However, as my colleague said, I made a commitment to find a solution in the interest of the people of Laval. That is exactly what we did, to the satisfaction of the mayor of Laval, Mr. Boyer, who personally expressed his appreciation for the work we accomplished together to resolve this situation.”

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“I have always worked for Canadians. Our government has made big investments to grow the economy, and I am continuing that work as finance minister.”

“Madam Chair, I would like to thank my colleague for saying such kind things about me. It is true that we were both elected at the same time, in 2015. He is right. I have always worked to advance the interests of Canadian citizens. It is true that, during those years, we presented a generational investment plan to grow the economy and have the strongest economy in the G7. That work continues now that I am the Minister of Finance.”

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“Our planned deficit is $11 billion lower than we predicted last year. Global experts can see that we are managing Canada's money carefully and responsibly.”

“Madam Chair, my colleague will be pleased to see that, in fact, the projected deficit is $11 billion lower than what was projected in budget 2025. Under my leadership, we have presented a deficit that is $11 billion lower. Agencies around the world have seen that Canada has taken a serious position on taxation, that we are fiscally responsible and that we are acting with the rigour that the current situation demands.”

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“We used most of our extra seven billion dollars to help Canadians. We know people are worried about the cost of housing, food, and gas. We are taking action to make all three cheaper.”

“Madam Chair, my colleague is an experienced member of Parliament for whom I have the utmost respect, and he knows it. Two-thirds of the $7 billion in additional revenue we have received has been allocated to help Canadians. Like him, I know that the primary concern for Canadians is affordability. It is the cost of housing, the cost of food and the cost of gas. He will be pleased to announce to his constituents in Quebec City that we have taken action on all three fronts to make life more affordable for Canadians.”

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“The Prime Minister and the finance minister lowered this year's deficit by 11 billion dollars. Our spending is careful and responsible, and Canadians can trust our plan.”

“Madam Chair, I am pleased to tell everyone in Quebec City who is listening that this Minister of Finance, together with the Prime Minister, has managed to reduce the deficit by $11 billion for the current year. I think people understand that we have adopted a fiscal stance that is reasonable, disciplined and as rigorous as the current situation demands. This should give confidence to all Canadians, including, of course, the people of Quebec City.”

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“Supply chain problems and a major energy crisis are driving up food prices in Canada and around the world.”

“Madam Chair, the member is a very experienced member of this House. He would probably know that there have been a number of challenges with respect to the supply chain and that we are living through the most important energy crisis we have seen. Therefore, we have seen inflation, not only in Canada, in food prices, but—”

“I want the member to vote for this bill. It gives 12 million Canadians money for groceries and essentials. Families need this help.”

“Madam Chair, my colleague will be happy to report to his constituents that on June 5 the Canada groceries and essentials benefit will be helping 12 million Canadians. I am sure that among these 12 million Canadians there are constituents of my colleague’s. This is the kind of boost that families need, and I expect my colleague will vote for Bill C-30 to put that measure in place.”

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“We temporarily paused fuel taxes, cutting 10 cents on gas and four cents on diesel. We did this to help people save money.”

“Madam Chair, my colleague would understand that this is exactly why we suspended the excise fuel tax of 10¢, and four cents for diesel. We understand, obviously, that this is going to have an impact for consumers. That is the kind of measure that the International Monetary Fund has been calling very targeted and time-limited in the way that we have proposed it.”

“I expect the member to vote for this bill. It temporarily removes the federal fuel tax to help Canadians this summer.”

“Madam Chair, I assume the member will be very happy to vote for Bill C-30. For those who are watching, this is the bill that will, in effect, put in law the suspension of the excise fuel tax, which is going to be very relevant for Canadians across the country as we walk into summer.”

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“We have spent a lot of money on housing, especially affordable housing. We also set up an agency to build more homes so families can afford them.”

“Madam Chair, my colleague will be happy to hear that we have made generational investments in housing, and in particular with respect to affordable housing. He will know about Build Canada Homes. This is the agency that is going to build more affordable homes in this country, and that is going to be a key pillar of affordability for families.”

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“We created a new agency to build all the affordable homes Canada needs. We are spending a lot of money to make housing affordable.”

“Madam Chair, my colleague will be happy to hear that Build Canada Homes, this new agency, has been tasked to build all the affordable homes that are going to be needed in this country. This is a game-changer for Canadians. It is a pillar of affordability, and we have made generational investments in housing.”

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“We are spending 56 billion dollars on housing between 2026 and 2031. It will help families by making living costs more affordable.”

“Madam Chair, the member will be happy to hear that the housing measures from 2026 to 2030‑31 will total $56 billion. This is probably one of the largest investments in housing that we have seen in this country. This is going to help families, because we know that housing is a pillar of affordability.”

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“Housing is a priority for our government. We are spending $56 billion to support housing and make life more affordable.”

“Madam Chair, my colleague may not like my answer, but I know Canadians would like to know that housing is a priority for the government. We have made generational investments, and $56 billion will be invested during this fiscal framework to support housing in this country. As we understand, it is a pillar of affordability.”

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