“The Prime Minister is adding more debt in five years than all past prime ministers combined. His spending made interest rates go up, which makes this debt cost even more. I want him to explain who will pay it back and how.”

“Mr. Speaker, the Prime Minister promised to move at speeds not seen in generations, but Canadians did not realize that what he meant was accumulating debt at speeds not seen in generations. In five years, he plans to add more debt than all prime ministers before Justin Trudeau combined. Today, because of the Liberals’ inflationary spending, the Bank of Canada has raised interest rates, making government debt even more expensive. Can the Prime Minister explain who will repay this mountain of debt and how?”

• Echo ×3

  A repeated line

  “The Bank of Canada has raised rates.”

  Said 3 times by 2 members since October 28.

  Every time it was said →

“My question was not answered. The Prime Minister is borrowing money just to pay the interest on our debt. Today, interest rates went up. That means higher mortgage payments for families, higher borrowing costs for the government, and more tax dollars wasted on interest instead of services. When will the Prime Minister get this borrowing under control?”

“Mr. Speaker, the member did not answer my question. My question was about the vicious cycle that the Prime Minister is building, which is more debt, more interest and more borrowing. In fact, he is borrowing to pay for the interest he already owes on the debt that he already took on. Today, the Bank of Canada raised interest rates. Now, the government pays more to borrow, families pay more on their mortgages and more taxes go toward interest instead of services. When will the Prime Minister break his vicious cycle and finally get this borrowing under control?”

• Echo ×3

  A repeated line

  “The Bank of Canada has raised rates.”

  Said 3 times by 2 members since October 28.

  Every time it was said →

“The Prime Minister assumed interest rates would go down, but they went up instead. His high spending and borrowing pushed interest rates higher, which costs Canadians more on their mortgages and taxes. I want the Prime Minister to tell Canadians how much his mistake has cost them.”

“Mr. Speaker, the Prime Minister assumed in his first budget that interest rates would stabilize and go lower, except they have actually been going up, including at the Bank of Canada. That means that Canadians will pay more when they renew their mortgage, but it also means taxpayers are on the hook for billions more. Why is that? It is because the Prime Minister chose to double the size of the deficits he inherited, and he has pushed borrowing to record numbers, including nearly $600 billion this year alone. Will the Prime Minister tell Canadians how much his mistake has cost Canadians with higher interest rates?”

“The Bank of Canada says inflation will stay above 3% until the end of 2027. Raising the fuel tax will push inflation even higher and hurt families and farmers. When will the government stop making choices that drive up the cost of living?”

“Mr. Speaker, the Bank of Canada says inflation is going to remain high and exceed 3% until the end of 2027. As a result, the cost of living will continue to rise, putting even more pressure on Canadian families and farmers. Furthermore, the government intends to increase the federal fuel excise tax. The bank itself admits that this increase will drive up inflation. This is completely irresponsible. When will the government put an end to its inflationary decisions that are driving up the cost of living?”

“The Bank of Canada says our economy is failing. Growth is stuck at 1%, which is far behind the rest of the world, and people cannot find jobs. The government must stop raising taxes and use our plan to create good jobs.”

“Mr. Speaker, I am quoting the Bank of Canada, which is confirming the Liberal government’s failure on the economy. Our growth has plateaued at 1%, which is less than half the rate in the United States and barely one-third of the global growth rate of 3.1%. Worse still, half of this result comes from government spending alone. According to the Bank of Canada, “Finding work continues to be challenging”. This situation is untenable, especially in the middle of a cost-of-living crisis. When will the government stop adding to the tax burden and adopt our Conservative plan to create stable, well-paying jobs?”