Spring Economic Update 2026 Implementation Act

Bill C-30, Spring Economic Update 2026 Implementation Act · Second reading · now law Where it stands

What the law does

The law implements measures from the spring economic update, temporarily removing the federal excise tax on gasoline, diesel, and aviation fuels from April 20, 2026, to September 7, 2026. It lowers Canada Pension Plan contribution rates starting in 2027 and extends extra Employment Insurance weeks for seasonal workers to October 2028. It also makes other changes to tax rules, alcohol excise duties, transportation data, and federal regulation of banking, food inspection, and pest control products.

Official text (opens in a new tab)

61 statements

Elizabeth May, Saanich—Gulf Islands

Green
“This bill does almost nothing to fight climate change. The government also weakened its deal with Alberta. I want to know if the Prime Minister is giving up on our legal climate targets for 2035 and 2050.”
Official Hansard

Mr. Speaker, in Bill C-30, there is not much climate commitment at all. We now know, concerning the MOU with the province of Alberta, that whereas the November 27 MOU said Canada and Alberta are committed to net zero by 2050, the May 15 MOU said they are committed to tangible progress toward net zero by 2050. Has the Prime Minister now completely withdrawn from our legally binding commitments to reductions by 2035? Are we now retracting the commitment, which was already too late, to the year 2050?

Rachel Bendayan, Parliamentary Secretary to the Prime Minister

Liberal
“Our government and the Prime Minister are fully committed to reaching net-zero emissions by 2050.”
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Official Hansard

Mr. Speaker, that is a very important question to delve into immediately. I do not know if the time given to me will be sufficient, but I would like to make very clear that the Prime Minister has committed and recommitted to our objective of reaching net zero by 2050. That is the commitment of our government.

John-Paul Danko, Hamilton West—Ancaster—Dundas

Liberal
“I support our economic plan. It cuts fuel taxes to lower costs for families, invests in housing and sports infrastructure, and protects our industries against foreign tariffs.”
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    “We have the lowest debt-to-GDP ratio in the G7.”

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Official Hansard

Mr. Speaker, as the representative for Hamilton West—Ancaster—Dundas, I want to take this moment to congratulate the Ancaster Lions Volleyball Club. The 18U rep team won a gold medal at nationals this past weekend in Calgary. The adage in sports is that we want to win the last game we play, and for many of these players, this was their last game of competitive volleyball. It was just amazing to go out on such a tremendous victory. I want to thank the coaches: Ed Bosveld; Coach Smitty, Jeff Smith; Caleb Joosse; and Brenden Vanderkruk. As I reflect on this amazing achievement, I realize the importance of competitive sports, especially on the development of young men in their lives. It gives them a competitive outlet. There is the commitment, the training, the practice and the work on self-improvement. There is the personal responsibility that comes when the team relies on its players, and learning that their actions have consequences. Players learn that sometimes life is not fair and that, even when they do everything right, sometimes they do not win, and they have to learn how to deal with those losses. They have to train for success, learn the value of hard work, eat healthy and have healthy habits. Above all, there is leadership and what it is to be part of a team working together towards a common goal. We are so proud of all the years of hard work by the athletes, coaches and the parents who supported these athletes all the way along. I say, “Way to go, boys.” On that note, I will reflect on the spring economic statement. There is a $775-million investment in sports infrastructure and programming, from house leagues to the Olympics. Having been through competitive volleyball for a number of years, I can see first-hand the need for that investment on the ground in communities, in particular in the Golden Horseshoe area for court sports, such as basketball and volleyball, and for racquet sports. I am committed to advocating for those investments in our community. I also want to take a moment to say happy birthday to my wife. It was her 50th birthday this past week when we were in our ridings. Members might ask how we celebrated her birthday. Well, it was a riding week, so we went to the Legion for Catch the Ace. We had a great evening. Everyone was very welcoming, but I do owe her a little bit more of a special evening event. As we move on to the spring economic statement, I want to reflect that, just over a year ago, Canadians elected a serious, pragmatic government. Over the past year, our focus federally has really been on three major priorities: our economic and national security, responding to major global uncertainty and maintaining Canada’s economy in constant in the face of that uncertainty. We are focused on affordability, lowering costs, supporting families, cutting taxes, and economic investments. In my personal role in advocating for federal investments in Hamilton West—Ancaster—Dundas, my focus is on infrastructure spending, housing, and investments in the skilled trades and the next generation of workers. I am really optimistic about Hamilton, Ancaster and Dundas’s future. We have seen positive momentum in Canada over the past year, and Hamilton, Ancaster and Dundas are very well positioned for future growth. Our industrial base continues to power Canada’s economy. We have one of the most diverse economies in all of Canada, led by steel and manufacturing and by health care and life sciences, which are actually Hamilton’s largest employers. We are also leaders in research and innovation, with three post-secondary institutions in my riding, McMaster, Mohawk and Redeemer, leading in research and innovation and the skilled trades. Hamilton is a place that is known for labour for the skilled trades, and it will continue to lead in those sectors. Of course, it goes without saying that there are challenges. The illegal American tariffs are an ongoing economic pressure for local industry. This is with an ongoing, unprecedented uncertainty in the world as we are dealing with a now hostile neighbour to the south. There are issues in Ukraine, Iran, Venezuela, Cuba, Taiwan and China, and a U.S. administration that has caused the single largest increase ever in the price of oil. While the U.S. has caused this problem and is risking a global recession because of it, it is the rest of the world that is left mitigating the impacts. I also want to reflect on some of the successes of the past Trudeau government. There are three areas that come to mind as being particularly high points for the Trudeau government. The first is environment and climate change, making key commitments to take action on climate change, beginning Canada’s transition to an electric future and taking action on mitigation of climate impacts. The second is the protection of minority rights, in particular the rights of women. We have seen, in the U.S., systematic and deliberate erosion of the rights of women. MAGA-style politics is the basis for a lot of the current conservative approach. When I was watching The Handmaid’s Tale with my wife, some of the flashbacks they showed hit a little too close to home, where we could see that kind of Christian nationalism taking form in the United States at this very moment. I want to talk about my Bloc colleagues as well. They are leaders on the separation of church and state, and I would like to work with them more collaboratively on how to make sure we continue that fundamental differentiation in Canada. Last, the Trudeau government had an amazing response to the COVID pandemic. In hindsight, of course, our vision is 20/20. At the time, I was with the City of Hamilton, and we were dealing with the most profound public health crisis of the past century. From vaccines to taking concrete steps and leadership around the world in the face of a crisis, I think this will stand the test of time as being one of the shining moments for Canada. That brings me to the need for true leadership in a time of crisis. There has been economic momentum in Canada, with Canada having the strongest fiscal position in the G7, among the highest employment growth, the second-highest GDP, inflation within the Bank of Canada’s target range and wage growth exceeding inflation. We are the most tax-competitive jurisdiction for new business in the G7, and we have the lowest marginal tax rate. We have the lowest debt-to-GDP ratio in the G7, and not just by a little bit. It is five times lower than Germany’s and 10 times lower than the United States’. We have the best credit rating; record-high oil and gas production; record-high global investment, the highest in the G7, double that of the U.S.; and a 40% increase in non-U.S. trade in the last few months. We are making investments to maintain this momentum. Locally in Hamilton, we are supporting workers with a regional tariff response plan, buy Canadian procurement policies and protections against unfair foreign steel dumping, and we are making major investments in Canada’s economy, not for the next year or the next election cycle but for the next century. We have invested $115 billion in infrastructure, including the $51-billion build Canada strong fund; $25 billion in housing, including $13 billion on build Canada homes, modernizing modular construction and supporting the housing industry; $30 billion toward defence and industrial strategy, currently at 2% of GDP, with a goal to be at 5% within five years; and $115 billion of investment in productivity, innovation and trade diversification. We are taking fiscal responsibility for Canada’s finances. We are balancing the operating budget within three years, a $60-billion savings target, and we are already $11 billion lower than targets. On top of all of this is diversifying Canada’s trade, making real investments to diversify our reliance on one single trading partner, the United States. That work is already showing dividends right now, because Canada is not broken. Our challenges exist, but we are defining our own path. With respect to federal affordability measures, we have also cut income tax. We have provided relief on gas prices by removing the consumer carbon tax, saving consumers 18¢ a litre, and by suspending the federal fuel excise tax, saving consumers 10¢ a litre. All of this is, as I said, in the context of ongoing global conflicts. Canada is facing real challenges, such as global instability, tariffs and economic uncertainty, but Canada also has enormous strengths, which our government is leveraging: strong institutions, skilled workers, natural resources, industrial capacity, and innovation and research. The spring economic update focuses on protecting Canadians while preparing for the future, because we are optimistic about Canada’s future, we are optimistic about Hamilton’s future and we believe in Canada and Canadians.

Steven Bonk, Souris—Moose Mountain

Conservative
“The member's speech made no sense, and he insulted Christians. People in his riding are struggling with the cost of living and housing. It has been a year since the election. When will he open his local office so his voters can reach him?”
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Official Hansard

Mr. Speaker, we heard a lot in that speech. A lot of it did not make sense. A lot of it nobody on this side could relate to or understand. The member talked a lot about the rights of his citizens, and we know the citizens in his area are suffering an affordability crisis. We know they are suffering a drug crisis, a housing crisis, an affordability crisis, a revenue crisis and an income crisis. In his speech, he even managed to disparage Christians in this country. I have a simple question for him. If he is talking about the rights of the citizens in his riding, I think it is a right of every citizen to have access to their MP. When will he open his office? We are a quarter of the way through the mandate. He has been here a year and his office is still closed.

John-Paul Danko, Hamilton West—Ancaster—Dundas

Liberal
“Our government is investing in affordable housing in Hamilton and across Canada, despite what the Conservatives claim.”
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Official Hansard

Mr. Speaker, the Conservatives just love their conspiracy theories. Our government is investing in affordable housing. An hon. member: What is the street address? John-Paul Danko: It is 1686 Main Street West, unit 3, where it has always been. Mr. Speaker, our government is making generational investments to make sure that residents have the opportunities they deserve in Hamilton and communities across Canada.

Andrew Lawton, Elgin—St. Thomas—London South

Conservative
“I want the member to answer my question about when his office will open.”
Official Hansard

Mr. Speaker, it is. There might have been an issue with the audio. I do not know if the member knew he was being asked when his office will open.

Sébastien Lemire, Abitibi—Témiscamingue

Bloc Québécois
“The government spends money on elite sports instead of helping regular people stay active. My region needs gyms, pools, and arenas, but the federal government is not helping to fund them.”
Official Hansard

Mr. Speaker, like Quebeckers generally, I am a bit fed up with the centralist, exclusive vision of elite sports that Canada constantly displays. My colleague alluded to this in his speech when he said he was proud to see investments of $750 million. In the meantime, families, young people and seniors are not getting any help even though they need access to physical activity too. Where is the federal government when the time comes to build infrastructure like gyms, pools and arenas? The need in Abitibi—Témiscamingue is desperate. I want to point out that Rouyn‑Noranda was forced to build a pool with only six lanes and that a project in Témiscamingue was cut back to the bare bones, with an investment of $18.6 million. We could search in vain to find a cheaper project in Canada. That is the bare minimum. Still, the federal government is nowhere to be found. Why is this happening? Why is the government boasting about this economic statement? Why are members boasting about investing in sports when the government is nowhere to be found when regular folks need help?

John-Paul Danko, Hamilton West—Ancaster—Dundas

Liberal
“Our plan spends money on community and sports facilities, plus 775 million dollars directly for sports. I agree the federal government needs to lead in funding sports alongside provinces and cities, and I will keep pushing for that.”
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Official Hansard

Mr. Speaker, it is important to recognize that part of the build Canada strong fund, that $51-billion build communities strong fund, also includes investment in community infrastructure, recreation infrastructure and sport infrastructure. On top of that is a specific $775 million to build up sport across Canada, as I said, from house league level all the way up to Olympic level athletes. I completely agree with the member opposite that the federal government needs to take a leadership role in investing in sports and sports infrastructure, along with partnerships with the provinces and municipalities across Canada. That is something I will continue to advocate for.

Kevin Lamoureux, Parliamentary Secretary to the Leader of the Government in the House of Commons

Liberal
“We are giving money to help young people train for skilled trades. This could lead to up to 100,000 jobs over the next five years. What does the member think about investing in Canadians this way?”
Official Hansard

Mr. Speaker, I am wondering if my colleague can provide his thoughts on the important Red Seal program we brought in. There are dozens of skilled trades with national recognition where a financial incentive is being provided for individuals, I am thinking specifically for young Canadians, to be able to enter into dozens of skilled trades. With the government providing that incentive, we are looking at somewhere in the neighbourhood of 80,000 to 100,000 potential trade jobs over the next five years. Can the member provide his thoughts on why it is so important that we invest in Canadians?

John-Paul Danko, Hamilton West—Ancaster—Dundas

Liberal
“We are spending billions of dollars on housing and building projects. We need to train the next generation of skilled trade workers so they can build these projects and earn a good living.”
Official Hansard

Mr. Speaker, I did not get to that in my speech, but I am glad I get to answer it here. As we are investing $51 billion to build Canada strong and $13 billion in the affordable homes plan, or Build Canada Homes, we need to make sure that we have the next generation of workers in the skilled trades available to work on those projects. I spent 20 years working in heavy civil construction, working with workers in the skilled trades directly. I know the amazing benefits those jobs have to communities, as well as the high pay and the pride workers take in the job they do when they are working in the skilled trades. Our government is investing in the next generation to make sure they have the jobs to provide for their families.

Greg McLean, Calgary Centre

Conservative
“This government spends too much money, borrows too much, and accomplishes very little. It is driving away business investment and hurting our resource industries by constantly changing the rules. I support the funding for skilled trades, but the government needs to control its deficits and spend real money on military equipment instead of more bureaucracy.”
Official Hansard

Mr. Speaker, first of all, I would like to say that I will be sharing my time with my colleague from New Tecumseth—Gwillimbury. This has been quite the spring economic statement or spring economic update, whatever the government wants to call it. A lot goes into every financial statement the government puts forward. It seems that there is no shortage of money to keep pouring out, but there is a real lack of fiscal discipline. One thing I did notice about this government over the last six and a half years that I have been here is its ability to announce and announce, as if it is going to continue to do great things. Announcing things, spending money and accomplishing very little seems to be the flavour of the day and that happens all the time here. I want to go through a bunch of things in my speech here. I do not mean to just be critical, so I will also be giving some good feedback on some of the things that work in this budget. First of all, let us talk about what my colleague across the way talked about, all the announcements of the 20 economic and defence partnerships signed in the last year. Partnerships are signatures. I would like to see what really comes out of those at the end of the day. We need to measure these outcomes. These are not just papers we sign. We are not a republic. Our Prime Minister is not a president who gets to write executive orders and say, “This is the way things are.” We are diminishing the role of the House of Commons here. We need to get back to actually doing things in the House of Commons that are good for all Canadians and include the input of people from across this country. I went through the budget. The budget talked about a few things, and I know that the government likes the high-level stuff to start the budget. It talks about the rule of law in Canada. If we had the rule of law in Canada, we would have a very stable investment dynamic right now, which we are clearly missing. This stable, reliable financial system is one that is layered more and more on top of an oligopoly that really benefits from the weight that it maintains and that, of course, the government would like that to be. We need to make sure we have a more diverse economy, a more open economy, an economy where people can see what the rules are and invest accordingly, not just invest when the government says, “Hey, we have some friends here, let us give them some money so they will put some more money into the economy.” That is not the way a modern, democratic country is supposed to run. It also talked about investment attractiveness. Let me tell the House what investment attractiveness would actually mean. It would mean that the pension funds that collect money from Canadians in Canada would actually reinvest that money into Canada. Most of those pension funds invest most of their money offshore and for good reason, because this government has created an economic and investment climate in this country that does not work if we want a return on capital. That return on capital, of course, is competitive with jurisdictions around the world, even to the south of us, where we have a trade partner that is not behaving as if we actually had a trade agreement with them. We have to make sure that we actually stand up against that. The next thing the budget talked about was tax competitiveness, but it was talked about under new business investment. All the current business investment is not taxed efficiently here in Canada. However, the government will give all kinds of tax credits if some new capital is brought into Canada. There is no clear path to what that represents as far as the rule of law going forward is concerned. Then it talked about Canadian resources, which we are proud to stand for on this side of the House. I am sure the members know the numerous entreaties we have made to the Liberal government to make sure we actually have a better resource industry in this country, with more transparency and more ability to get some things done, because the budget did talk about transparency. However, there is no transparency. There is a complete black hole. What are the rules today? What are the rules tomorrow? Continually changing the rules on our resource industry is what holds back investment in our most important part of our economy. I say most important not because I am trying to diminish any of the other parts of the Canadian economy, but because I want to make sure people understand how much those resource industries contribute to Canada, in employment, in taxation and in the balance of payments with our trade partners around the world. It is lopsided how much we actually benefit from the resources we export. We have to make sure that we have a level playing field that says, “Invest here, in this country, in these resources and you will get a return and there will be a line of sight on how that actually turns out for your shareholders and your company.” Now I am going to differ with a few things the government said in this economic statement. It talked about having the second-fastest growing economy in the G7. That is great, but most of those are in Europe. Japan’s in a bit of a mix right now. Compared to our neighbour to the south, we are forecast to be growing at 1.5%, and they are at 2.3%. The growth rate in the United States is one and a half times higher than our growth rate. We are not doing that well considering who our nearest neighbour is. We have to take a step back to understand what is happening here. Part of what is happening, of course, is the lack of transparency with respect to what happens to the investments people make in Canada. The government talked about fiscal discipline. Let me contradict it very clearly here: There is no fiscal discipline on that side of the House whatsoever. The Liberals talk about changing from a $78-billion deficit in the fall budget to a $67-billion deficit looking forward in the spring economic statement because of $7.8 billion more in collections from the resource industry. This is how we are making our money. This is how we are getting better. However, no sooner do they see a whole bunch of new revenue coming in from taxation than they decide to spend that in a bunch of other maladjusted ways as far as investing and throwing more money out the door. They can call it an investment, but it is a really bad use of our money. This is not a bottomless pit. Canadians need to make sure that we get back to balance at some point in time. That balance means at least a zero deficit, and hopefully a surplus at some point in time, because we have gotten massively into debt in this country. The government got cute in the spring economic statement and changed its actual fiscal anchor from a net debt to GDP and a declining deficit to a net deficit to GDP. That is because the GDP is not increasing enough. Members would know that when we talk about GDP, we are talking about consumption plus investment, plus government expenditures, plus exports, minus imports, one of which is government expenditures. Government expenditures keep increasing and therefore keep increasing the GDP. The rest of the equation is not holding weight because it is not that investable an economy. We need to do much better in that respect. A $67‑billion deficit is one thing, but $1.4 trillion in debt is the government’s book number. Let me explain what that means. The government has borrowed almost $2 trillion. It is paying interest on almost $2 trillion through its various agencies. The difference between $2 trillion and $1.4 trillion is $600 billion, which is in the various accounts at Crown corporations and other borrowing entities, many of which have opaque accounting mechanisms where they are not writing off their debts. Therefore, when the new government comes in, we are going to have to see a massive writeoff of all the debts that the current government has accumulated and has not put on its books at this point in time. That includes things like, of course, the Canada Infrastructure Bank. We pointed out at committee that it had $600 million‑plus in loans to Lion Electric in the first place. We have all kinds of boondoggles like that sitting in several Crown corporations that are part of the government’s debt profile. They have to be more transparent. This is something that has to change going forward. On March 27, the Liberals increased the borrowing authority to $2.54 trillion. That tells Canadians where they are going with this. We are going to have an extra half trillion dollars in debt going forward. Congratulations. There is no stopping this train. I need to give the government credit for what it has done with respect to training and for allocating a whole bunch of money to the trades. I am very thankful for that. I would like to thank the government because that is another page from the Conservative book that it took out of our policy manual, having more money put into the trades in this country so that we have better outcomes. For that whole layer of jobs that is unfulfilled at this point in time, we need to make sure we get those technical people trained. I thank the government for putting that in there. Something else I think the Liberals could put on there, if they are thinking about taking something else from our books, is defence. I know they have increased the money for defence. They have increased the salaries. Good for them. Now they are going for another defence procurement agency, a defence bank, and all these things where they are spending money on bureaucrats. Here is what the Liberals need to do. They need to spend money on defence and spend money on actually getting things. The United States has rightly been complaining about how much we have not spent on defence in Canada. They should take another page from our book. In the last election, we talked about getting Iqaluit built as a base. That should be a 90‑day process: Here is the money we need to spend on this and here is where we have to get going. They should act as if there is some urgency here and get some things going. We do not mind sharing these ideas with the government. We need to make some things happen in this country as quickly as possible. I beseech the government to take the good ideas we have presented to it and make them work going forward. There are a whole bunch of other issues here. I would love to keep talking, because there are other things I have to talk about, but I know my time has come to an end.

Kevin Lamoureux, Parliamentary Secretary to the Leader of the Government in the House of Commons

Liberal
“The member is wrong about our trade record. Our government is growing Canada's economy by making trade deals with many countries outside the United States. He should take back his comments.”
Official Hansard

Mr. Speaker, I would take the member to task for his comments in regard to the degree to which this Prime Minister and this government, through their approach, are expanding Canada’s economy beyond the United States. We have a Prime Minister who got commitments of billions of dollars last year. We have a Prime Minister and a government that have secured numerous signatories on trade agreements of different forms. We have passed legislation on trade agreements with Northern Ireland and Indonesia. We have trade agreements that are in the works for countries such as India, from which the biggest delegation ever, from what I understand, is in Ottawa today dealing with trade. We have commitments working with Philippines and other countries developing trade. I wonder if he might want to retract some of his comments. We are seeing real results with trade.

Greg McLean, Calgary Centre

Conservative
“I apologize if I upset my colleague. The government needs to bring its trade agreements to Parliament so we can pass them. Canada needs to trade with more countries to solve our issues with the United States. We will see if these plans actually work.”
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Official Hansard

Mr. Speaker, if I have said something that upset my colleague, I apologize, because I know they are working hard, but as I said in my speech, I think it is very clear that we need to measure these outcomes. At this point in time, we have signatures on letters of intent and everything. I am saying that the Liberals should bring these paths forward to the House of Commons. Let us pass all these documents they are signing that they think are going to do better for Canada. Let us measure the results. We do have a problem south of the border that we need to deal with at this point in time. Diversifying our trade, of course, is one of the most important things we do. We will look at the results when they arrive.

Martin Champoux, Drummond

Bloc Québécois
“The government is failing to get results with the United States, and manufacturers in my riding are suffering. Tariffs are hurting them, and the rules for temporary foreign workers cause serious problems. The Liberals are ignoring these issues, and it will cost Quebec jobs and businesses.”
Official Hansard

Mr. Speaker, I would like to congratulate my colleague on his speech. The government boasts that it is truly the best at negotiating with the United States, yet this is producing absolutely no results at the moment, except that we appear to be lying flat on the ground, waiting for the U.S. to walk all over us. The government seems to be focused on negotiating agreements with other countries, particularly in Europe and Asia. Meanwhile, businesses are suffering terribly. My riding of Drummond is home to an extremely vibrant manufacturing sector, but it is struggling desperately these days for a number of reasons. First, the tariffs have hit us hard. The impact has been devastating. There is also a very serious concern regarding the rules that have been put in place for the temporary foreign worker program. When we raise these issues with the government, there is no response, no action. The Liberals seem to have no interest in solving the real problems that will cost Quebec jobs and businesses, even though solutions are within reach. I would like to hear my colleague’s thoughts on the fact that this Liberal government is incapable of walking and chewing gum at the same time and incapable of addressing real problems on the ground.

Greg McLean, Calgary Centre

Conservative
“We are losing too many jobs to the United States. We need to keep jobs in Canada. I want to know what the government will do to fix this and how it will measure success.”
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Official Hansard

Mr. Speaker, I thank my colleague for his long question. I think I got the gist of it. It is important to have support for stakeholders in the Canadian economy right now. I wonder how the federal government will measure success when we are losing so many jobs to the United States. It is important to keep jobs here in Canada. What measures will the government put in place to mitigate the effects of this situation?

Rhonda Kirkland, Oshawa

Conservative
“It is good to spend money to train people in the skilled trades, but they also need jobs once they finish training. Workers in my riding are worried there will not be enough jobs for them, and I want the member to address this.”
Official Hansard

Mr. Speaker, we are all up here and have lots of questions for this member, so I am grateful that you called on me. Last Friday, I spent some time with the International Brotherhood of Electrical Workers in Oshawa, and we talked about money for the trades. I can appreciate that they are giving the Liberals some props for putting money towards that, but they have a real concern, and I have one too: What about jobs? We are going to spend all this money on trades. It is great to invest in trades, but these folks need jobs when they are trained, and right now the electrical workers and folks in my riding are very concerned about that. I wonder if the member could comment on that.

Greg McLean, Calgary Centre

Conservative
“The government's plan to train workers will not fix our electricity problems. Its advisers already ruined Ontario's power system, and now they are doing the same to Canada by throwing money at it. We need a real plan that creates jobs and actually makes our power system work.”
Official Hansard

Mr. Speaker, it is very important. The government talks about training people, but it does not talk about how that is actually going to fit into the economy. I know the Prime Minister made an announcement while we were not sitting in the House of Commons last week about building our electricity system across Canada. Talking about the International Brotherhood of Electrical Workers, we know they are going to need those jobs. I think we have to take a good look. As I said earlier, the government has caused the problem with the electricity system in Canada because it inherited a bunch of policy advisers from the Government of Ontario who more or less botched the electricity system in Ontario for a decade. Then they moved to Ottawa and decided to botch it even further. All they seem to be able to do is add a whole bunch of money into the equation whenever those messes seem evident to everybody. We have to make sure we have a real solution here that gets people working and actually gets an electricity system that works for the whole country.

Scot Davidson, New Tecumseth—Gwillimbury

Conservative

Linked statement

“I oppose this budget update. The government is spending too much money and adding billions to the national debt. People in my riding are struggling to afford food and rent, and seniors are being forced back to work.”
  • A repeated line

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Official Hansard

Mr. Speaker, it is always an honour to rise on behalf of the soup and salad bowl of Canada, home to Honda Civic and the best potatoes this side of P.E.I. In the spring economic update, and throughout this debate, the Liberals have made it apparent that they believe Canadians have never had it so good. The Minister of Finance even introduced this update by telling us, “the dream of Canada is alive and well.” I think we need a reality check. Let me share what is happening in my community, because it tells a very different story. Last week, my son came back from running a booth at a local job fair. He came back upset and shocked. He told me he saw hundreds of people lined up, résumés in hand, hoping for a chance to work for one of the few employers in the area still hiring. That was not the shocking part, given that the unemployment rate is now almost 7% across the country. What was shocking to him was the number of seniors in those lines. I am lucky. My son is an old soul. He does not come to me often, but he was very upset. He told me how sad it was to see elderly men in dated suits that had not been worn in years, helped along by wives for whom just standing in that line was an immense effort. Those couples were not there out of choice or ambition. Those people had already worked their whole lives, earned for their retirement and assumed that this chapter was behind them, but now they are pushed back into the workforce because the cost of everything has risen so far and so fast. Unfortunately, very few will manage to get a job at all. It is not just them: All generations are struggling, right across the country. Young people have given up on owning a home. Families are choosing between groceries and rent. It is infuriating that this is the reality facing our people today. This is the new normal in Canada, after 11 years of the Liberal government. Canadians are being asked to accept what used to be unacceptable: crowded emergency rooms, no doctors, two million people lined up for blocks around food banks, and rampant crime and homelessness in our streets. We see it every day. Now even our proud Snowbirds, a symbol of Canadian excellence for generations, are being grounded for years and replaced with inferior aircraft that do not come close to what we have today. In every corner of Canadian life, the message from the government is the same: “Lower your expectations.” Instead of aspiring to build a better Canada and restoring the fiscal responsibility this country sorely needs, the spring economic update confirms that the Liberals are spending money they do not have and charging the bill to Canadians who can least afford it. The Prime Minister promised to spend less than Justin Trudeau, but under his leadership, direct program spending has increased 12.4%, and the deficit has doubled from $31 billion to $65 billion. Their own projections in this update show the national debt reaching $1.63 trillion by 2031. Every dollar of that debt comes with a price tag. This year alone, the price is $58.7 billion in interest payments. That is more than the federal government collects on GST and more than it transfers to the provinces through the Canada health transfer. That is $3,400 from every Canadian family: not for hospitals, not for highways, not for any of the people in that job fair line, just for the interest alone. This level of overspending is indefensible, given the windfall of tax revenue the government has collected through higher-than-expected oil prices over the past year. What did they do with this windfall? They spent 80¢ of every new dollar. They fell short of their own promised savings in operating expenditures by $30 billion. The debt-to-GDP ratio, the government’s own preferred measure of fiscal health, will continue rising until 2030. Instead of returning that good fortune to Canadians through lower taxes or applying it against the deficit, the government used it as a licence to spend even more. We see this with the so-called Canada Strong fund. There is another slogan. The Liberal government cannot even manage its own finances, but now it wants to leverage Canadians’ own money towards projects underwritten by even more debt. The key to a sovereign wealth fund is wealth, after all. After 11 years of the Liberal government, Canada has none. Our country is poorer due to Liberal policies that have blocked economic growth, fuelled inflation and increased our national debt to record levels. Now, just as they did with the failed Canada Infrastructure Bank, the Liberals claim that this $25-billion fund will attract investment that it would not otherwise attract. This begs the question that I have asked so many times in this chamber: If this fund is so great and will produce such an amazing return on that investment, why would we stop at $25 billion? Put in $100 billion. Why not put in $250 billion? After all, according to the government, it is just a capital investment. It is basically free. Well, we all know the answer to that, because at some point even the Liberal government has to own up to the fact that incurring massive amounts of debt is not an investment strategy. It is a liability, and $25 billion of it deployed into projects of the government’s choosing is not a true wealth fund; it is a gamble, and Canadians are being asked to cover that bet. This is a recurring theme with the Liberal government’s approach to the economy. It is always our people who have to suffer the consequences of this Prime Minister’s economic and trade failures, and right now they are struggling in record numbers. New insolvency data shows that over 37,000 Canadians filed for insolvency in the first quarter of 2026, the highest level since the great recession. Our people are carrying $2.6 trillion in household debt, while mortgage delinquency has reached its highest level in five years. With this spring economic update, the Liberals are adding more debt, more costs and more taxes on the backs of Canadians, who are already at the breaking point. Even worse, all this is taking place while Canada is still without a trade agreement with the United States. The uncertainty, tariffs and job losses that flow from that into auto manufacturing, into agriculture and right across the economy have more of an impact than anything announced in this update. The Liberals are failing on both fronts: They have not lowered the debt, increased investment or unleashed our economy, and they still have not gotten Canadians the trade deal they need. The Liberals would have us believe that if one does not support their spending, their failures and their misplaced priorities, they somehow do not support this country. It is crazy. Some members in this House may choose to set aside their principles to prop up this government. However, as a member of His Majesty’s loyal opposition, my job is not to blindly support the government’s agenda. It is to make Canada the best it can be by holding the government to account on behalf of Canadians. The spring economic update is not a plan to make Canada stronger. It is a plan to make Canadians poorer, and that is just not good enough. I believe in a Canada where hard work is rewarded, where the dream of owning a home is within reach and where the generations that follow us inherit something better than a lifetime of debt with nothing to show for it. That Canada is possible, and Conservatives will fight every day to make it happen.

Kevin Lamoureux, Parliamentary Secretary to the Leader of the Government in the House of Commons

Liberal
“Our government is making a positive difference for the country. The Conservatives mock our national fund because they do not understand it, even though other countries have funds like it.”
  • Question or comment in debate

    Signal 12 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, the member talked about reality at the very beginning, and he needs a reality shake. We can look at the holistic approach of this government in the last year, with a new Prime Minister and a new government, and look at the many initiatives that are actually driving and making a positive difference. I will use one example. The member mocks the idea of a sovereignty fund. Other countries around the world actually have sovereignty funds. The Conservatives do not understand what it is. I have heard the debate, and the Speaker will not allow me enough time to provide the rationale as to why the sovereignty fund, or the Canada strong fund, is a good fund. The Conservative Kool-Aid says no, it is bad, and it is broken. That is all they ever say. They go around Canada, and Canada is—

Scot Davidson, New Tecumseth—Gwillimbury

Conservative
“The government is out of touch. It is using borrowed money to pay for this new fund. The Liberals also wrongly claim that the industrial carbon tax does not raise prices.”
  • Reply to a debate question

    Respect 77 of 100

    This statement targeted a person rather than their actions or views: “my hon. colleague from Winnipeg North has had too much Kool-Aid today”.

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Official Hansard

Mr. Speaker, I think my hon. colleague from Winnipeg North has had too much Kool-Aid today. That is a government that is out of touch. This so-called sovereign wealth fund is financed with debt. The government does not understand the way things work. The Liberals talk about imaginary taxes all the time. They say the industrial carbon tax does not drive up the price of things. That is how upside down the Liberals are.

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