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 .

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2 statements

Pierre Poilievre, Leader of the Opposition

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?

Pierre Poilievre, Leader of the Opposition

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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