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Finance

A debate over the state of the Canadian economy focused heavily on government spending and inflation. The Conservative party argued that government overspending has contributed to inflation, rising interest rates, and high national debt, contrasting these challenges with government claims that the economy is strong. The government countered that global factors are affecting prices and highlighted recent social benefits introduced to support millions of Canadians. Liberals defended the Canadian economy as strong and noted the country’s industrial strength and ability to attract global talent, while challenging the opposition’s critique.Written by AI from the debate. Updated .

Official text

4 statements

Pierre Poilievre

Conservative
“The Prime Minister says things are going well, but Canadians are struggling. Food prices are up, millions of people used food banks, interest rates just rose, and the government plans to add $735 billion to our debt. Will the Prime Minister stop spending so much money?”

  • A repeated line

    “Canada has the worst food inflation in the G7.”

    Said 10 times by 4 members since April 30.

    Every time it was said
Official Hansard

Mr. Speaker, this Prime Minister could not be more disconnected from reality. Today he said that things are going well for Canadians. After Canada experienced the worst food inflation in the G7, after 2.35 million visits were made to food banks, and after the Bank of Canada was forced to raise interest rates today because of his inflationary spending, this Prime Minister is now looking to add another $735 billion to our national debt over the next five years. Will he hit the brakes before we hit a wall?

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François-Philippe Champagne

Liberal
“Forces outside of Canada are affecting our economy and prices. We introduced a benefit to help 12 million Canadians with up to $1,891 for groceries and essentials. The Conservative leader and his party voted against it, and Canadians want to know why.”

  • Government answer in Question Period

    Relevance 15 of 100

    None of this answer addressed the specific question that was asked.

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Official Hansard

Mr. Speaker, Canadians can see the bigger picture. They understand that there are external factors that obviously affect the economy and prices in Canada. What the people at home want to know is why, when we introduced the Canada groceries and essentials benefit that will help 12 millions Canadians and provide up to $1,891 per family, the Conservative leader voted against this measure and convinced all his colleagues to vote against it. That is the question.

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Pierre Poilievre

Conservative
“The Prime Minister's high spending caused high inflation and higher interest rates. This will make loan payments harder for Canadians. I want him to stop this spending.”
Official Hansard

Mr. Speaker, the Prime Minister not only doubled the deficit left by Justin Trudeau, he also increased annual government spending to the highest share of GDP since 1996, outside of COVID. He has now driven inflation above target and forced the Bank of Canada to increase interest rates. Canadians are going to be hit hard on their mortgage and car loan payments as of this evening. Will he stand up and announce that he will stop this irresponsible spending?

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François-Philippe Champagne

Liberal
“The Leader of the Opposition keeps criticizing our economy, but it is strong. Canada attracts skilled workers from around the world. We build ships, cars, and nuclear plants. We have the minerals and energy we need for the future, and we have trade deals with every other G7 country. He should celebrate our workers instead of complaining.”

  • Government answer in Question Period

    Relevance 0 of 100

    None of this answer addressed the specific question that was asked.

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Official Hansard

Mr. Speaker, what Canadians are hearing is an opposition leader who is always criticizing the Canadian economy, and I am sure they are sick of it. Members on this side of the House are confident. Canada is attracting talent from around the world. Canada is one of the rare countries in the world that can build a ship, build a car and certify a nuclear power plant. Canada is a country that has the critical minerals needed for the 21st century. We are producing more energy. Canada is the only G7 country with a free trade agreement with every other G7 country. Rather than criticizing, the Leader of the Opposition should be celebrating the hard work of Canadians across the country.

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