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Finance

During question period on finance, the Conservatives argued that the Bank of Canada’s interest rate increase shows government borrowing and spending are driving inflation, noting that debt interest now costs more than health care or defence, and asking the government to commit to lowering the deficit and cutting spending in the upcoming budget. The Liberals responded that their programs—such as a grocery benefit paid to 12 million Canadians, tax cuts, defence investment, and new trade deals—are supports for people facing cost pressures, and questioned how the opposition’s proposed cuts would be paid for.Written by AI from the debate. Updated .

Official text

2 statements

Ryan Turnbull

Liberal
“I want the Conservatives to explain how feeding hungry kids, funding the military, and cutting taxes on income, housing, and fuel causes inflation. Their leader does not understand basic economics.”

  • Government answer in Question Period

    Relevance 24 of 100

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

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  • Government answer in Question Period

    Signal 40 of 100

    Much of this statement went to praise, blame, greetings, routine procedure or general stories rather than reasons, requests or specific points.

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Official Hansard

Mr. Speaker, Conservatives this Halloween are handing out tricks and calling them treats. Nobody is fooled by this. Let me ask the members opposite to tell us how feeding hungry kids is inflationary, tell us how investing in our defence capabilities is inflationary and tell us how cutting taxes on income, housing and fuel is inflationary. Maybe they need a basic economics tutorial over in the Conservative caucus. It is clear that their leader has no economic credentials. If they need a lesson, please let us know.

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Ryan Turnbull

Liberal
“We know Canadians are facing hard times, and our spending helps them. We sent money for groceries to 12 million people. We cut business taxes, made 20 new trade deals, and made building permits faster. This created more jobs and business growth.”

  • Government answer in Question Period

    Relevance 41 of 100

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

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  • A repeated line

    “We introduced the Canada groceries and essentials benefit.”

    Said 29 times by 19 members since April 23.

    Every time it was said
Official Hansard

Mr. Speaker, it is not news to us that the country is facing headwinds and that Canadians are being impacted. That is exactly why we stepped up with a plan to support them. We introduced the groceries and essentials benefit, and it delivered 12 million Canadians a cheque to help with the cost of living. We cut taxes on new business investment and saw an immediate spike of 8.9% in activity. We rapidly signed 20 new trade and security agreements, and we saw the highest level of non-U.S. trade this last summer. We streamlined permitting processes, and we have seen more jobs and shovels in the ground. Those are the results of this government.

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