Business of Supply

This was a Business of Supply debate taking place during consideration of the government’s recent economic update legislation. Conservatives pressed the Finance Minister on deficit spending, asking when the budget would be balanced, how many homes are being built, the costs of a planned sovereign wealth fund, and details of specific spending items such as a spaceport lease, while repeatedly saying the minister was not answering their questions. Liberals defended the government’s record, saying the economy is strong, the deficit is lower than expected, and housing prices and rents have come down. The Bloc Québécois asked about the exemption of American companies from the global minimum tax in Bill C-31 and about wage subsidies for workers affected by tariffs, and the NDP asked why the government is not taxing oil company excess profits or banning surveillance pricing. Some members also raised local matters such as support for regional media.Written by AI from the debate. Updated .

Official text (opens in a new tab)

366 statements

Jasraj Hallan, Calgary East

Conservative
“Does the minister really agree with the Prime Minister that life is affordable? Groceries cost $1,000 more this year, and 2.2 million Canadians are using food banks.”
Official Hansard

Madam Chair, does the minister agree with the Prime Minister that affordability is the best it has been in a decade, even though grocery prices are up by $1,000 this year and 2.2 million Canadians are going to a food bank?

François-Philippe Champagne, Minister of Finance and National Revenue

Liberal
“We know high prices are a big problem for Canadians. That is why we are taking action on the cost of housing, food, and gas.”
  • Reply to a debate question

    Relevance 48 of 100

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  • A repeated line

    “The price of food and the price of gas.”

    Said 5 times by 2 members since May 26.

    Every time it was said
Official Hansard

Madam Chair, what I would say is that affordability is top of mind for the government, and it is top of mind for Canadians. We understand. That is why we are acting on the price of homes, the price of food and the price of gas.

François-Philippe Champagne, Minister of Finance and National Revenue

Liberal
“Our economic plan is working to make life cheaper and grow the country. We are building more homes, training up to 100,000 new trades workers, and creating a new fund for big Canadian projects. We are also cutting fuel taxes, helping students, and spending more money to rebuild our military.”
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  • A repeated line

    “Train and hire 80,000 to 100,000 more skilled trade workers.”

    Said 4 times by 4 members since April 30.

    Every time it was said
Official Hansard

Madam Chair, I have the opportunity to speak before you tonight, which I would say is a great privilege. I want to thank my colleagues for being here this evening and for taking the time to debate important issues, because we are talking about the budget, after all. We are talking about Canada’s public finances. I also want to thank the deputy chair, who plays a very important role in Canada’s democracy. I thank the Chair for giving me the opportunity to speak this evening. Needless to say, as some members have mentioned, Canada, like many other countries, is going through a time of tremendous upheaval. From new geopolitical dynamics to supply chain disruptions to rapid technological breakthroughs, including in artificial intelligence, the world is changing at an unprecedented speed, scope and scale. Canada, quite simply, must adapt to thrive. That is exactly why the government presented generational investments in budget 2020, and we have continued the work in the spring economic update. We understand that this is the time to be bold. This is the time to build at a speed and scale not seen in generations. This is a time to build Canada strong, and that is exactly what we are proposing to Canadians. Last year, as the Chair will recall, because she and my colleagues were here, I was honoured to rise in the House to present budget 2025, which laid out our government’s ambitious plan to act swiftly to make and unlock generational investments to foster vibrant communities, empower Canadians, protect our country and build the strongest economy in the G7. I am happy to report that we are on track to build the strongest economy in the G7. Last month, we built upon that progress with the 2026 spring economic update, which further outlined our plan to build a stronger and more resilient Canadian economy, purpose-built to meet the unique challenges of the 21st century and the very challenging times that we are facing in the world. Many of these initiatives were, of course, reflected in the main estimates tabled this year. I am honoured to join you today to discuss the main estimates and our bold plan to build a stronger, more independent, more resilient Canada, to deliver for Canadians and to ensure that growth is felt by Canadians across the country. This is about building a Canada for all. Today, thanks to the 2026 spring economic update, we are staying on the right track. We are building homes and carrying out major projects across the country quickly and sustainably. We are creating more opportunities for our workers and for young Canadians. We are promoting stronger, safer communities. Together, we can build a stronger Canada for all. I see that my colleagues are smiling. I understand why, because everyone in this place wants to work to build a stronger, more resilient Canada. First, I want to highlight the Canada strong fund, Canada’s own sovereign wealth fund designed to deliver generational infrastructure and nation-building projects and ultimately to grow wealth for future generations. This new fund will invest in key strategic Canadian projects and companies alongside the private sector, creating jobs, supporting innovation and making Canada more competitive. What is more, Canadians themselves will have the opportunity to invest in the fund, sharing in its success. I was pleased to see the international press say that Canada was creating its own sovereign wealth fund, but that, in a very Canadian way, people would be able to invest and share in the growth that we will see in this country. Like us, Canadians believe in Canadian workers and in the Canadian economy. By taking part directly in our shared successes by investing in the fund, Canadians will be given the opportunity to share in our growth and contribute to the country we are building together. Because we know that Canadian workers will be the ones who ultimately build the strongest economy in the G7, our government is also launching team Canada strong, a nationwide effort to recruit, train and hire 80,000 to 100,000 new Red Seal skilled trade workers across the country. This innovative program will provide young people in this country with a clear path into the skilled trades and related careers in housing, infrastructure and defence. We are offering Canadians pursuing apprenticeships up to $16,000 in weekly top-ups during the training, a $5,000 completion bonus and direct incentives for employers, including up to $10,000 in wage subsidies per apprentice. That is what I would call a win-win-win approach, and that is why we are proud to announce this to Canadians. To support young people, our government is making education more affordable by extending the increase in Canada student grants and interest-free Canada student loans for another year. This will benefit thousands of students across the country. The goal is not just to create jobs, but to create new opportunities for young Canadians to serve their country, build a fulfilling life and shape their collective future. Second, I would like to note that the spring economic statement of 2026 highlights many measures to support Canadians at a time when global cost pressures are weighing heavily on households here in the country and among our G7 partners. From permanently removing the consumer carbon price and suspending the fuel excise tax until Labour Day and making groceries and essentials more affordable to getting 6.5 million Canadians dental coverage, our government has been relentlessly focused on making life more affordable for Canadians and providing relief where people need it most. That includes significant progress in making housing more affordable. Colleagues were asking questions and we are on track to make housing more affordable, which is indeed a key pillar of overall cost-of-living stability. Home prices in Canada are now down 21%, and rents are down 8% nationally. For many families, this is starting to translate into real relief. The spring economic update builds on the progress made through Build Canada Homes and even includes new investments aimed at increasing the housing supply, reducing costs and helping more Canadians access safe and affordable housing. This includes cutting red tape to build homes faster, supporting innovation in construction, accelerating over $7 billion in low-cost financing, boosting the housing supply, and protecting construction jobs across Canada in partnership with the provinces and territories. Our government is helping those most in need by expanding support for people experiencing homelessness and ensuring that survivors of domestic violence have access to safe housing. The government is also continuing to strengthen Canada’s independence in key sectors and working more closely with our trusted partners to protect our security and our resilience. In 2025-26, we invested more than $63 billion in the Canadian Armed Forces, the single largest year-on-year increase in defence investments in this country, as part of our ambitious plan to rebuild, rearm and reinvest in our armed forces. I want to say that we want to thank them. I think I can speak on behalf of all my colleagues in the House tonight. We want to thank the men and women in uniform for their service to this country. I think they deserve a big round of applause. Thanks to these investments, Canada is now on a path to meet the NATO defence investment pledge of investing 5% of GDP in defence by 2035. These and future investments in Canada’s sovereignty will be guided by Canada’s first-ever defence industrial strategy and support the more timely and transparent acquisition of military goods through the new Defence Investment Agency. Obviously, I have a lot to say this evening, because what we are presenting to Canadians is an ambitious plan. Our plan addresses the most pressing issue of the moment, the urgent need for action. I attended a G7 meeting last week, and I can say that the G7 countries are united in their desire to take action. We sometimes hear about the fog of uncertainty that has descended on the world. What I can say is that Canada is like a beacon in that fog, with strong institutions, a generational plan and investments that will grow the economy. I can report to Canadians that Canada is on the right path. We will build Canada strong. We will be protecting our communities. We will empower Canadians. The best thing is that we are just getting started to work, and we will continue to fight for Canadians every single day.

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

Liberal
“Our government is helping Canadians with the cost of living. We are giving millions of people money for groceries, cutting the gas tax by 10 cents a litre, and feeding 400,000 children at school. We are also investing billions to grow our economy. I want the minister to talk about how we are making life more affordable while building a stronger country.”
Official Hansard

Madam Chair, I appreciate many of the words the Minister of Finance has put on the record this evening. I want to pick up on a couple of points. As a government and as the Minister of Finance, we have seen action on two fronts. One is in terms of building Canada strong, a Canada that is there for all Canadians, and there are many examples, some of which the Minister of Finance has referenced. The other issue is, of course, taking a look at the issue of affordability. We all know that affordability is a very important issue for Canadians. Again, what we have seen through the Department of Finance is some very specific action to support Canadians on the issue of affordability. I would like to expand very quickly on those two points. When I think of the affordability issue, I think of the groceries and essentials benefit. It is an excellent example. In the month of June, there is going to be substantial payments going to, I believe, somewhere around 11 million Canadians. I think that will help on the affordability issue. Also, there has been a great deal of discussion, and the government has come forward on the excise tax on gasoline with what is about a 10¢-a-litre break for Canadians. The minister made reference to the summer months. We are going to see a lot of Canadians staying in Canada, touring and taking a look at the different regions of the country by vehicle. The 10¢ reduction is very helpful on the issue of affordability. As we provide affordability programs, and I should have also mentioned the national school nutritional program for 400,000 children, at the same time we are investing in building a stronger Canada by looking at the national sovereign wealth fund, which is something the minister has made reference to. It is a fund that is going to assist with billions of dollars of investment and growth. I am wondering if the minister can provide his perspective in terms of supporting Canadians on the affordability file alongside building that stronger Canada.

François-Philippe Champagne, Minister of Finance and National Revenue

Liberal
“Our government is taking action on the high cost of housing, food, and gas. We are investing heavily in affordable homes, which global experts say our strong economy can handle. We are also giving 12 million Canadians extra money to help buy groceries, and investing to grow more food at home to lower prices.”
Official Hansard

Madam Chair, I thank the member for providing a very good summary to the House of the affordability measures we have presented. It is right to say that affordability is top of mind for the government. I would say it is top of mind for Canadians. The three issues when we talk about affordability with people are the cost of housing, the cost of food and the cost of gas. The good news is that we have been acting on these three fronts. We have made generational investments to provide more affordable housing in this country, because we know this is the first pillar of affordability. Finding a home that is secure and affordable is the first pillar for Canadians and their families, which is why we have put forward a generational investment. This investment has been applauded by institutions like the International Monetary Fund. I will tell members that when I was in Washington, they mentioned that only two countries of the G7 can do this. They are Germany and Canada. Why? It is because these are the two countries that have the fiscal capacity, they have a AAA credit rating and if they make the right choices, this will support growth and at the same time tackle affordability. Therefore, housing has been one of the key pillars. The second thing is groceries. We have seen the inflation when it comes to groceries. We understand that this is a real challenge for Canadians across the nation, which is why we did not wait. We decided to act with the groceries and essentials benefit, which is going to help. My colleague said it would help 11 million people, but it is even more. There are 12 million Canadians who are going to receive that boost. This is very important because it is a 50% boost this year, but it is also bridged. We understand that we need to bonify the Canada groceries and essentials benefit so that Canadians will still have a bridge. We understand that when it comes to food inflation, not only do we need to do that but we also need to invest in structural things in order to grow more in Canada. That is why, on one end, we are helping people now, but we are also making structural investments so that we can grow more food in Canada and become more resilient. At the same time, we are pushing for competition, because competition in this sector and other sectors is the best way to provide better prices for Canadians.

Jean-Denis Garon, Mirabel

Bloc Québécois
“I want the minister to promise that the federal government will give Quebec its fair share of housing money without any conditions that cross into Quebec's jurisdiction.”
Official Hansard

Madam Chair, I thank my colleagues for being here. I send my regards to the minister and thank him for being here. We always appreciate him. Minister, officials from the Department of Finance and the Department of Housing, Infrastructure and Communities gave us a briefing on Bill C‑26, which you yourself tabled. We were reassured. We understood that the bill would not impose any conditions on the transfer of $1.7 billion to improve housing supply in Quebec. However, in the legislation, the minister has the discretionary power to establish and allocate the amounts as he sees fit. Can the minister confirm that he will not impose any conditions that would infringe on Quebec’s areas of jurisdiction and that the money will be distributed in such a way as to ensure that Quebec receives its fair share?

François-Philippe Champagne, Minister of Finance and National Revenue

Liberal
“I told the provinces how much money they will get. We let them use it for housing through their own programs. Quebec understands how its share was worked out, and we are working together so they can spend it quickly. Quebec is very happy with this.”
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Official Hansard

Madam Chair, I would like to begin by thanking my colleague for being here this evening to ask his important question. I have already been in touch with the Government of Quebec and the other provincial governments to inform them of the amount that will be allocated. In the spirit of co-operative federalism, at the request of our provincial colleagues, we allowed the provinces to use these amounts for housing within existing provincial programs. What I can say to my colleague this evening to reassure him is that the amount that is allocated to Quebec was based on a formula that Quebec fully understands. At the same time, we worked together to ensure that the funding could be quickly put to use in Quebec. Our colleagues in Quebec are very pleased.

Jean-Denis Garon, Mirabel

Bloc Québécois
“I am asking the minister a question.”
Official Hansard

Madam Chair, thank you for reining in the minister’s enthusiasm. I think he needs that from time to time. Minister, your government decided to—

Jean-Denis Garon, Mirabel

Bloc Québécois
“The government cut funding for farm research and closed the Quebec Research Centre. Farming groups are against this cut, and it will hurt research. I want to know where the budget has money to reopen this centre right away.”
Official Hansard

Madam Chair, I also need reining in. The government has decided to cut funding for agriculture and agri-food research, notably by closing the Quebec Research Centre in the riding of the Minister of Government Transformation, Public Works and Procurement and Quebec Lieutenant. This cut is being criticized by the entire agricultural community, and it will hinder productivity gains and research. Where in the budget are the funds to allow us to reopen this research centre immediately?

François-Philippe Champagne, Minister of Finance and National Revenue

Liberal
“We cut $60 billion from government spending, but we protected money for research and innovation. It is important for our country's future.”
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Official Hansard

Madam Chair, my colleague will be pleased to know that, when we conducted our exercise to identify $60 billion in savings within the federal government, we took great care to protect investments in research and innovation. My colleague can rest assured that we have protected research and development because we know it is important not only for our communities but also for the future of the country.

Jean-Denis Garon, Mirabel

Bloc Québécois
“The government is not spending money to reopen the farming research centre in Quebec. I also want to know where the extra $37 million is for the local news fund. French-language news outlets are struggling and need this help after recent funding cuts.”
Official Hansard

Madam Chair, the minister has just told us that there is not a penny in these estimates to reopen the agricultural research centre in the Quebec City region. Farmers in Mirabel and elsewhere will remember that. I would like to know where, in these estimates, the additional $37 million needed for the independent local news fund is to be found. Our francophone media outlets are in crisis, and that money would enable them to weather the storm more effectively, given that their funding has just been cut following a CRTC decision.

François-Philippe Champagne, Minister of Finance and National Revenue

Liberal

Linked statement

“The spending plans I gave the House include this program. The member can check them to see how much money is set aside for journalists.”
Official Hansard

Madam Chair, I am pleased to say that the hon. member will see from the estimates that have been tabled that the measure he is referring to is indeed included in the economic statement I presented in the spring. He will be able to see for himself, in the estimates tabled in the House, the amounts that will be allocated specifically to support this program for journalists.

Jean-Denis Garon, Mirabel

Bloc Québécois
“The Prime Minister canceled the digital services tax just because Donald Trump posted about it online. I want to know when the government will bring this tax back so we can fund arts and culture.”
Official Hansard

Madam Chair, on budget day, the minister no doubt appreciated the way opposition members demonstrated in a compelling and humorous fashion how the government lacked ambition when it came to supporting the media. The Prime Minister said he refused to pay an entry fee to negotiate a trade deal with President Trump, but all it took was a post on President Trump’s Truth Social for the Prime Minister to decide to repeal the digital services tax. I would like to know when he will reinstate the digital services tax so we can provide more adequate arts and culture funding. When will the government reinstate the digital services tax instead of capitulating to the U.S. President?

François-Philippe Champagne, Minister of Finance and National Revenue

Liberal
“Most Canadian goods sent to the United States and Mexico do not face tariffs. We will keep defending all our workers and businesses, including the film industry, against unfair foreign tariffs.”
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Official Hansard

Madam Chair, I am sure my colleague knows that, under Canada’s free trade agreement with the United States and Mexico, 85% of Canadian exports have exemptions and that Canada has one of lowest tariff rates overall, at around 5%. We will always be here to stand up for the interests of our industries, including culture, of course, as well as film. We are here to stand up for all industries and workers. We will continue to do this for every sector. Here is what I can tell my colleague: He can rest assured that we are here to defend the interests of all industries currently being affected by our neighbours’ unjust tariffs.

Jean-Denis Garon, Mirabel

Bloc Québécois
“The government gave in to Donald Trump by exempting American companies from the global minimum tax. I want to know if the minister is worried that the company Brookfield is moving its headquarters to the United States at the same time.”
Official Hansard

Madam Chair, the Minister of Finance is well aware that his Prime Minister bent the knee to Trump and paid the entry fee to negotiate. That is why he is avoiding the question. Now, in Bill C‑31, the government is once again bending the knee to President Trump by amending the Global Minimum Tax Act to exempt American companies. Does it trouble the minister that this coincides with a decision by Brookfield, the Prime Minister’s baby, to move its headquarters to the United States?

François-Philippe Champagne, Minister of Finance and National Revenue

Liberal
“My job is to build a strong economy, support workers and industries, and invest in things that help our country grow.”
Official Hansard

Madam Chair, I am trying to understand the meaning of the question. What I can say is that my role as Minister of Finance and the government’s role is to work in the interest of building the strongest economy in the country, standing up for the interests of workers and industries in this country, and certainly making generational investments that lead to economic growth across the country.

Jean-Denis Garon, Mirabel

Bloc Québécois
“The government cut spending on research and the arts, but gave more money to the Governor General. I want the minister to explain why.”
Official Hansard

Madam Chair, again, the minister calls bowing to the U.S. President’s demands generational investments. It is worth noting that the government has asked Statistics Canada, the agricultural research centres, the National Research Council of Canada, the Canada Council for the Arts, and the National Film Board of Canada to tighten their belts, yet it has made cuts while finding money for the Governor General. A full one-third of a million dollars has been allocated to the Office of the Secretary to the Governor General. I would like to know whether the minister or his government intends to ask the Governor General and her office to conduct research on agriculture.

François-Philippe Champagne, Minister of Finance and National Revenue

Liberal
“Canadians have been cutting back on their spending, so the government should too. My colleagues and I found ways to cut government spending by $60 billion.”
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Official Hansard

Madam Chair, I think the people watching us have been tightening their belts for quite some time now. I think it was perfectly normal for the government to undertake an exercise that will save $60 billion and tighten its belt. I think it is time for us to tighten our belts in Ottawa too. That is exactly what I was able to do with my colleagues. We identified $60 billion in savings to streamline the federal government’s operations.

Jean-Denis Garon, Mirabel

Bloc Québécois
“The government is cutting money for science, farming, and films, while giving hundreds of thousands of dollars to the Governor General.”
Official Hansard

Madam Chair, once again, he is cutting funding for science, agriculture and the National Film Board of Canada, but he managed to find one-third of a million dollars for the Governor General. Does he think the Governor General and her office now have the resources to produce a nice film for us about the $7,000 shoes the Governor General just might buy with that money?

François-Philippe Champagne, Minister of Finance and National Revenue

Liberal
“My colleague is wrong. We protected budget funding for security, the military, research, and Indigenous services because these areas are important.”
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    Said 5 times by 4 members since May 25.

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Official Hansard

Madam Chair, thank you for that reminder. To correct the statement made by my colleague, for whom I have a great deal of respect, I can say that we have, in fact, protected the security-related investments included in the budget. We also protected our defence budgets. We have protected budgets in areas such as research and development, because we are well aware of the importance of those sectors. The same goes for indigenous services. The idea was to protect certain departments. That is what we—

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