The Economy

Question period focused on the economy. The Conservatives said gas prices are far higher and Canadian households carry the most debt in the G7, citing rising bankruptcies and missed bill payments among ordinary Canadians while saying well-connected companies and offshore wealth are doing fine. The government replied that wages are growing faster than inflation, inflation is lower in Canada than in the United States, and female employment is up, and said Canada has one of the strongest economies and fiscal positions in the G7 despite tariffs and global instability.Written by AI from the debate. Updated .

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2 statements

Pierre Poilievre, Leader of the Opposition

Conservative
“Gas is much more expensive now, and Canadian families have the highest debt in the G7. The Prime Minister needs to stop making excuses and change the policies that are causing high prices.”
Official Hansard

Mr. Speaker, lots has changed since Harper’s time. Gas prices are more than 40¢ a litre higher, even though the world oil price is actually lower. Now the Prime Minister has made up a new excuse, that there are not enough refineries under his leadership. Maybe he should get out of the way and let refineries build in Canada. We have a Prime Minister who likes to blame the rest of the world. He has given Canadian households the worst debt anywhere in the G7, with delinquencies up 18% year over year. Will the Prime Minister stop making excuses and reverse the inflationary policies before Canadians lose their homes?

Pierre Poilievre, Leader of the Opposition

Conservative
“Rich people are doing well, but everyday Canadians are going broke. Bankruptcies and unpaid bills are way up. Why did 1.5 million Canadians miss an essential payment earlier this year?”
Official Hansard

Mr. Speaker, things are great for the Brookfield class, for those who stash their cash in offshore tax havens and take government handouts, getting rich, but for the rest of Canadians, here is what Equifax says: insolvency volumes have increased to levels not seen since 2009, up 19% year over year; balance delinquency rates climbed 32% year over year; and Q1 saw insolvency volumes hit 17-year highs, partly due to escalating financial strain on mortgage holders. If things are so good and affordable, why is it that 1.5 million Canadians missed at least one essential payment in the first three months of the year?

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