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Finance

Question period focused on the economy, inflation, and interest rates following a Bank of Canada rate announcement. Conservative leader Pierre Poilievre said the Prime Minister’s spending and deficits doubled what was left before, caused inflation, forced the Bank of Canada to raise rates, and will raise payments on mortgages and loans; he also said fuel costs are pushing food prices up and asked the government to cut spending and cancel its fuel tax. Prime Minister Mark Carney replied that the Bank of Canada attributes inflation to global causes, that the government has reduced spending growth, cut the civil service and consultants, and balanced its operating budget early, and that growth is forecast to be the strongest in the G7; he also cited affordability figures, falling rents, and programs like dental care and the Canada child benefit, which he said the opposition leader voted against. The two leaders also disputed what each had previously said on the record.Written by AI from the debate. Updated .

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