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

Michael Barrett, Leeds—Grenville—Thousand Islands—Rideau Lakes

Conservative
“A contractor worked for a company called Alto while also working on the government budget that gave Alto money. I want the minister to answer if this was a conflict of interest, if anything was done to stop it, and if the Ethics Commissioner was told.”
Official Hansard

Mr. Chair, the contractor worked for Alto and then worked on the budget presentation that included details about Alto, and money and implementation legislation for Alto. Does the minister recognize that this is a conflict of interest, and were measures taken to prevent that? Was the Ethics Commissioner informed that this contractor was also concurrently employed by Alto?

François-Philippe Champagne, Minister of Finance and National Revenue

Liberal
“I have always treated other members of Parliament with respect, and they deserve it. I follow all the rules that the law requires, and I will keep doing that.”
Official Hansard

Mr. Chair, like all my colleagues here, in the years I have served in the House, I have always treated my colleagues with the utmost respect. I believe that all members of the House are entitled to the same respect. I have already stated on several occasions that I have complied with all the rules required by law. I will continue to do so, as I am required to do, and as all my colleagues in the House are required to do.

Dan Albas, Okanagan Lake West—South Kelowna

Conservative
“I want to know why the government is buying land for the Alto project before public consultations are done and before the route is chosen.”
Official Hansard

Mr. Chair, the government is already spending money on land acquisition for the Alto project while public consultations are still active. Why are taxpayers paying for the real estate before consultations are even finished and before the final route is even locked in?

François-Philippe Champagne, Minister of Finance and National Revenue

Liberal
“Canada needs modern infrastructure. That is why our budget invests a lot of money into building it.”
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Official Hansard

Mr. Chair, my colleagues will see that the Government of Canada is making generational investments in infrastructure. The country needs modern infrastructure. That is why, in budget 2025, I presented a major infrastructure plan.

Dan Albas, Okanagan Lake West—South Kelowna

Conservative
“The government plans to buy a lot of land around train stations to build real estate. If a train route changes, who keeps the leftover land and the profits? I want the minister to answer this.”
Official Hansard

Mr. Chair, I realize the minister has been here for a couple of hours, but he has not answered very many questions, if any. I am hopeful he will answer this one. Internal documents outline a strategy for massive station area land assembly stretching up to two kilometres around a station, explicitly based on the Hong Kong “rail plus property” real estate model. Since his bill, Bill C-15, fails to include land abandonment or buyback provisions, if the route changes in an Ottawa neighbourhood like Eastway Gardens, who keeps the excess land and development profits? Is it the government, Alto or the private consortium?

François-Philippe Champagne, Minister of Finance and National Revenue

Liberal
“You should ask the Minister of Transport these questions. That minister is in charge of this project.”
Official Hansard

Mr. Chair, based on the answers I gave earlier, my colleague will understand that these questions should be directed to the Minister of Transport, who is the minister responsible for this project.

Dan Albas, Okanagan Lake West—South Kelowna

Conservative
“I want the minister to tell us the total cost of buying the land, or admit the government does not know the final number yet.”
Official Hansard

Mr. Chair, can the minister provide a total land acquisition cost today or confirm that the Department of Finance does not really have a final number because it is busy appraising entire urban neighbourhoods for real estate portfolios?

François-Philippe Champagne, Minister of Finance and National Revenue

Liberal
“Canada is a large country, so we must invest in infrastructure. Our budget does this so we can sell goods to other countries and stay strong.”
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Official Hansard

Mr. Chair, my colleague understands that, in a large country like Canada, we need to make generational investments in infrastructure. That is exactly what we presented in budget 2025. I think Canadians understand that if we want to build a resilient country, if we want to export, we need to build infrastructure across the country.

Dan Albas, Okanagan Lake West—South Kelowna

Conservative
“I want a simple yes or no answer. Under this deal, do taxpayers carry all the risk for expropriation and route changes while the private company carries none?”
Official Hansard

Mr. Chair, I am not looking for a generational answer. I am just looking for an answer. Under this public-private partnership, do taxpayers carry 100% of the expropriation and route change risk while the private consortium carries zero per cent of that risk? I would like just a simple yes or no.

François-Philippe Champagne, Minister of Finance and National Revenue

Liberal

Linked statement

“I am answering the member. He should ask the minister in charge of this project about these claims.”
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Official Hansard

Mr. Chair, not only am I answering my colleague, but I am giving him a generational answer, as my colleague said. That is a good way to put it. For consistency, with respect to the allegations made by my colleagues, he should direct that question to the minister responsible for the project. I am sure the minister responsible will be happy to answer his question.

Dan Albas, Okanagan Lake West—South Kelowna

Conservative
“I want the minister to answer my question. If the public takes on all the money risks while private developers get guarantees, what risk is the private sector actually taking?”
Official Hansard

Mr. Chair, I thought I asked the minister a good question. I guess the minister has a different impression of what answers mean to someone else. If the public takes all the financial gambles on surplus land assembly, and the private sector takes all the development guarantees, what risk is actually private in this partnership? Maybe the minister can answer that.

François-Philippe Champagne, Minister of Finance and National Revenue

Liberal
“The member should ask these questions to the minister in charge. That minister will answer them, and I will pass the questions along to them.”
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Official Hansard

Mr. Chair, I am sure the member can appreciate that, if we are to be consistent with the questions and allegations raised by his colleague, this matter should be addressed to the minister responsible. I know that my colleague is honourable. He understands all the rules of the House. The minister responsible will be happy to provide all the answers my colleague is hoping to get. I will also be happy to pass the questions suggested by my colleague this evening on to the minister responsible.

Dan Albas, Okanagan Lake West—South Kelowna

Conservative
“The government is taking more power to collect information from Canadian airports. What are our national airports worth today, and has the government shared that value with Parliament?”
Official Hansard

Mr. Chair, maybe the minister is less touchy about this, so I will turn to airport policy. The government is expanding its information-gathering powers under division 6 of Bill C-30 to include every single airport authority in Canada. What are our national airports worth today, and has a full valuation been provided to Parliament, yes or no?

François-Philippe Champagne, Minister of Finance and National Revenue

Liberal
“We need to update how we manage public property in Canada. The government needs all the facts and numbers so it can study these assets properly.”
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Official Hansard

Mr. Chair, I think we need to modernize the way we are currently managing public assets in this country. I think it is important for the government to have all the facts and figures so that it can carry out a thorough analysis of these assets. I would say it is time to modernize the way we—

Dan Albas, Okanagan Lake West—South Kelowna

Conservative
“How will airports maintain their buildings and runways under this plan? Taking money away from local operators will leave airports short on funds and force travellers to pay huge fees to give private investors a profit.”
Official Hansard

Mr. Chair, since the proceeds of these alternative ownership models are earmarked to be stripped away from local operators and siphoned to the Canada Strong fund, how will our airports maintain their infrastructure when they are being left unintentionally undercapitalized while travellers are hit with massive fee hikes just to satisfy a private investor’s ROI?

François-Philippe Champagne, Minister of Finance and National Revenue

Liberal
“We need all the facts before we make decisions. This measure helps us update how we manage public property and do what is best for Canadians.”
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Official Hansard

Mr. Chair, as I said, it is important to get all the information necessary to do our due diligence. I think we are at a time when we need to modernize the way we manage public assets. This measure will allow us to get all the facts and provide a comprehensive analysis so we can make the best decisions in the interest of Canadians.

Kent MacDonald, Cardigan

Liberal
“I support this bill because it invests nearly $1 billion into small craft harbours. Fishing supports thousands of jobs in Atlantic Canada, but many of our harbours need urgent repairs from storm damage. I want the minister to explain how these harbour investments will help our rural economy, food security, and trade.”
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Official Hansard

Mr. Chair, I rise this evening to highlight the contributions of the new government in Bill C-30 to the coastal communities of Prince Edward Island. Small craft harbours are places of employment for more than 1,200 fishers. For many, it is a way of life passed from one generation to the next, from setting day when family and friends line the wharf to wish harvesters a safe and prosperous season to the last trap that comes ashore at the end of the season. It is the pride of families who have made their living from the sea for decades. For Islanders, fishing is part of our identity. It is parents and the next generation hauling traps together, learning the ropes. It is gathering at the wharf after a long day on the water to talk about the daily fishing news. It is communities built around hard work, resilience and respect for the ocean. Across Atlantic Canada, this same story exists across coastal communities where the fishery sustains not only local economies but traditions, culture and livelihoods. In Prince Edward Island alone, the total value of fish and aquaculture exceeded $454 million in 2024, with lobster landings accounting for more than $358 million of this. The overall contribution to P.E.I.’s economy exceeds almost $1 billion and supports as many as 8,000 jobs at peak production. Across Atlantic Canada, fisheries landings totalled more than $3.6 billion in 2024, with shellfish accounting for over $3.28 billion of that value. These are not just statistics. These are processing plants operating in rural communities. They are truck drivers, welders, suppliers, fuel operators, mechanics, buyers and plant workers, whose livelihoods depend on a strong and sustainable fishery. Small craft harbours are the centre of all this activity. They are the economic engines of many rural communities in Atlantic Canada, yet for many years, too many of these harbours have faced underinvestment, aging infrastructure, storm damage and the growing impacts of climate change, as we have seen with the devastating impacts of hurricane Fiona. In many areas, fishers and harbour authorities are doing everything they can simply to keep facilities operational while waiting for major repairs and modernization work to proceed. Here in Ottawa, we formed a small craft harbours committee to discuss these very issues as a collective. I want to take this opportunity to thank my colleagues for their unwavering persistence to work with me for funding for small craft harbours. I also want to personally thank the Prime Minister and the ministers of finance and fisheries for making sure our proposal for a significant investment in small craft harbours was included in the spring economic statement. We are very pleased to see the beginning of the rollout of these announcements across Atlantic Canada, the Pacific coast and the north as part of the nearly $1-billion investment over five years through the small craft harbours program. This is the largest sustained investment in small craft harbours in decades. However, maintaining safe and functional harbours is not only about wharfs and breakwaters. It also requires ongoing and responsive dredging investments to ensure channels remain navigable and safe for harvesters. In Prince Edward Island and across Atlantic Canada, weather events, storm surges and coastal erosion can quickly impact harbour entrances and navigation channels. When dredging delays occur, fish harvesters face serious operational and safety challenges, particularly during low tide. Responsive dredging capacity following major weather events must be viewed as essential maintenance for our harbours. During her recent visit to Red Head Harbour, the Minister of Fisheries saw first-hand sections of the harbour that have been fenced off because of damage and safety concerns. That reality should be a concern to all of us. Harbours are workplaces. They should be safe for fish harvesters. They should be safe for buyers, plant workers, transport operators and the many families and tourists who visit throughout the season. Red Head is not alone. Harbours in the Cardigan riding, which I represent, like Mink River, Fortune and Georgetown, all continue to wait in the queue for repairs to ensure their harbour infrastructure can support their fisheries. I also want to take an opportunity to commend the Prince Edward Island Fishermen’s Association and associations across Atlantic Canada for the leadership they continue to show in advancing conservation measures while sustaining fisheries. Harvesters understand the need to protect marine ecosystems because their livelihoods and their futures depend on them. When we invest in fisheries, we are investing in much more than infrastructure or economic output. We are investing in communities where families will continue to watch boats come home at sunset and where generations continue to see that there is a viable future on the water. That future matters deeply to Prince Edward Island and to Atlantic Canada. I believe there is much more to come as we continue building stronger coastal communities, modernizing harbours, supporting innovation in conservation and ensuring that the next generation can continue with a proud tradition of making a living from the sea. I believe we also need to think bigger about the role of ports and harbour infrastructure in Atlantic Canada and throughout Canada. Our harbours are not only critical to the fishing industry. They also represent untapped economic potential tied to trade diversification, domestic supply chains, food security and transportation corridors. In Prince Edward Island and across Atlantic Canada, strategic investments in harbour and port infrastructure could support seafood exports, agri-food storage and transportation, cold storage capacity and greater access to domestic and international markets. These investments can strengthen economic resilience while reducing pressure on larger transportation hubs. There is also growing potential for ports and marine infrastructure to support broader national objectives, including Arctic and defence supply chains, emergency response capacity and economic security. Coastal communities have always played an essential role in building Canada’s economy, and they will continue to play an even greater role as we strengthen domestic trade and transportation networks. Can the minister speak to how the government views small craft harbours as strategic economic assets that strengthen trade diversification, food security and rural economic resilience across Atlantic Canada?

François-Philippe Champagne, Minister of Finance and National Revenue

Liberal
“I want to thank the member for pushing our government to support fishers and their communities. Because of his work, we are investing $1 billion into small craft harbours, which is twice as much as ever before.”
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Official Hansard

Mr. Chair, we can see in my colleague’s heart and voice, the passion he has for fishers and for their communities. I want to applaud him. I am sure the people he represents are very proud tonight. I want to thank all my colleagues who have shown up tonight to be here to do the important work of democracy, which is to be held to account. It is what I have been doing for hours, and I will continue to do it because it is what Canadians expect of us. The member talked about small craft harbours. I want to say this in front of all Canadians, because I know this is televised and people are going to watch. He was one of the members who inspired us to do what is right for Canadians, for fishers and for their communities. We made a generational investment, $1 billion, which is twice as much as has ever been put into small craft harbours, and I want to thank the member. I want to say publicly that he has been one of the people who has talked to the Prime Minister and I to make it happen. I think that tonight, he should be very proud. It shows the power of MPs. Members of Parliament are here to represent their communities. They are here to speak on behalf of their constituents and to raise issues that matter to the people they represent. I want to say that this member did that superbly. Time and time again, he reminded us of the importance of investing in small craft harbours. I would say that we have delivered. I was pleased to be in New Brunswick just recently with a number of colleagues. I can see the difference it is going to make in the livelihoods of millions of Canadians. Fish harvesters depend on small craft harbours for their living. Their communities also depend on them. I want to say it again. We focus a lot on the answers tonight, but members like him who stand up to represent their communities, who fight for them and get what they need, should be applauded and thanked this evening. I give my thanks to the member.

Kent MacDonald, Cardigan

Liberal
“Can Atlantic Canada's ports help our supply chains, our food and shipping industries, and our national defence?”
Official Hansard

Mr. Chair, I guess I better thank the Minister of Finance for the kind words. As Canada looks to strengthen domestic supply chains and transportation corridors, does the minister see untapped potential in Atlantic Canada’s ports and harbours to support industries such as agri-food, storage and transportation, and even the broader national objectives of defence and economic resiliency?

François-Philippe Champagne, Minister of Finance and National Revenue

Liberal
“We need to invest in infrastructure like cold storage. I saw a facility at the Moncton airport that helps ship lobster quickly and supports local communities.”
Official Hansard

Mr. Chair, this is a really good point. When I was in New Brunswick, I had the privilege of seeing the cold storage. I think it is at the Moncton airport that they have a very large facility. That is the kind of structural investment we need to make in this country. Yes, obviously we need to build infrastructure, but cold storage facilities, like the one I saw, are really making a difference. I was so impressed by the workers, the people there. Do members know that they load a 747 with lobster in about two hours? I was really impressed to see how these communities, because they have connectivity with the rest of the world and because of the investments that were made, are able to support families and communities across Canada. Again, I want to thank all members tonight. I know it is getting late, but I know people are here and the work they are doing is very important. For me as minister, being held to account on behalf of the government is my job, and I am happy to answer as many questions as we can tonight. I want to thank the members for the outstanding work they are doing tonight.

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