Finance

During question period on finance, members debated government spending, borrowing, and the cost of living. Conservative members said the government is borrowing hundreds of billions more than promised, driving up debt, interest rates, and the cost of food, fuel, and homes, and they called for lower spending and taxes. Liberal members said the government is investing in jobs, wages, housing, and cost relief such as tax cuts and school food programs, and one pointed to the Bank of Canada’s finding that inflation is driven by global energy prices, along with job growth in Alberta.Written by AI from the debate. Updated .

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3 statements

Chak Au, Richmond Centre—Marpole

Conservative
“The Prime Minister promised to spend less, but the government plans to borrow hundreds of billions more. This debt is making life too expensive for Canadians. I want the government to stop this deficit spending and use the Conservative plan to lower costs.”
  • A repeated line

    “The Prime Minister promised to spend less.”

    Said 5 times by 5 members since April 28.

    Every time it was said
Official Hansard

Mr. Speaker, the Prime Minister promised to spend less. Instead, the PBO projects another $730 billion in borrowing over five years. By 2031, the federal debt will approach $40,000 per Canadian, with annual interest equivalent to $8,000 per family. Canadians are paying more, getting less and falling further behind. Will the Liberal government finally cut deficit spending and adopt our Conservative plan to lower costs for all Canadians?

Dane Lloyd, Parkland

Conservative
“The Bank of Canada just raised interest rates, making it harder for struggling families to pay their mortgages and debts. Costs for fuel, food, and homes keep rising because of the government's deficit spending. The Prime Minister needs to stop the spending and taxes that are driving up costs.”
  • A repeated line

    “The Bank of Canada raised its interest rate for the first time in three years.”

    Said 3 times by 3 members since October 30.

    Every time it was said
Official Hansard

Mr. Speaker, the Bank of Canada just raised its interest rate for the first time in three years, hitting Canadians with higher mortgage and borrowing costs at a time when families are already struggling to make ends meet. The cost of fuel, food and homes keeps rising. Families are already going further into debt each month just to make ends meet, and now they have to pay higher interest. We know that inflation and interest are rising due to the Liberal government’s massive deficit spending. Why will the Prime Minister not stop his inflationary spending and his taxes that are driving up the cost for struggling Canadians?

Dane Lloyd, Parkland

Conservative
“Government spending and taxes are driving up the cost of living and making debt more expensive for Canadians. I want the Prime Minister to get government spending under control so people can afford to pay their bills.”
  • A repeated line

    “Canadian families are the most indebted in the world.”

    Said 3 times by 3 members since June 8.

    Every time it was said
Official Hansard

Mr. Speaker, the gap in this country between the haves and the have-nots is growing wider and wider. Liberal inflationary spending and taxes are driving up the cost of living for those who are struggling and padding the pockets of the wealthiest. Canadian families are already the most indebted in the G7. With rising inflation and interest rates, they will now have to pay more for their mortgage, car payments and line of credit. Every single dollar that the Liberal government borrows makes every dollar that Canadians have to borrow more expensive. When will the Prime Minister finally get his spending under control so that Canadians can afford to pay their bills?

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