Finance

Question period on finance, held just before the government’s economic update was to be tabled. Conservatives, including Melissa Lantsman, Jasraj Hallan, and Pierre Paul-Hus, said the Prime Minister had promised to spend less but instead doubled the deficit and added tens of billions in new spending, which they linked to high grocery and housing costs, household debt, inflation, food bank use, and seniors in Quebec struggling on fixed incomes; they asked the government to keep the deficit under $31 billion. Liberal ministers, including Dominic LeBlanc, Steven MacKinnon, and Mélanie Joly, said the update would soon show good economic news, spending controls, growth among the highest in the G7, and inflation back within the Bank of Canada’s target range; MacKinnon challenged the Conservatives to say what they would cut. Part of the exchange involved LeBlanc correcting his earlier statement about when the finance minister would present the update.Written by AI from the debate. Updated .

Official text (opens in a new tab)

12 statements

Melissa Lantsman, Thornhill

Conservative
“The government is spending too much money. The Prime Minister promised to spend less, but he doubled the deficit instead. I want him to stop this spending and keep the deficit under $31 billion.”
Official Hansard

Mr. Speaker, red ink is flowing here in Liberal Ottawa, as the government puts the final touches on today’s fiscal update. The Prime Minister’s promise to spend less money quickly turned into a pledge to load up the taxpayer credit card and blow right past the limit. He could not even stay remotely close to the $31 billion left over by the last Liberal fiscal disaster. In fact, he actually doubled it. Will he end this costly credit card budgeting, cut spending or, at a minimum, cap the deficit at the already reckless $31 billion the last guy left behind?

Dominic LeBlanc, President of the King’s Privy Council for Canada and Minister responsible for Canada-U.S. Trade, Intergovernmental Affairs, Internal Trade, and One Canadian Economy

Liberal
“The member is wrong about our economy. Our update today will show good news about our spending, our trade, and our economic growth.”
  • Government answer in Question Period

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Official Hansard

Mr. Speaker, we certainly appreciate our colleague’s enthusiasm about the upcoming spring economic update. She paints a picture that is negative and inaccurate. The good news is that in less than an hour, she will be enlightened by the good economic news, the effective spending controls our government has brought in and the investments we are making to build a truly competitive national economy, diversify our trading partners and build big once again. Good news is on the way.

Melissa Lantsman, Thornhill

Conservative
“The government's spending made life worse for Canadians. We now have high debt, high unemployment, and the worst food and housing costs in the G7. When will the government stop spending more money than it has?”
  • A repeated line

    “The highest housing costs and the second-highest unemployment in the G7.”

    Said 15 times by 12 members since April 27.

    Every time it was said
Official Hansard

Mr. Speaker, I doubt that Canadians will drink all that Kool-Aid, because they spent more and things actually got worse. After a decade of Liberal deficits, Canadians have the worst grocery inflation, the highest household debt, the worst housing costs and the second-highest unemployment in all of the G7. On top of all of that, Liberal ministers got rich and Canadians got the bill. These holdover ministers still have not learned that we cannot borrow our way to prosperity. I will ask again. How much more do Canadians have to pay before the government learns to live within its means?

Dominic LeBlanc, President of the King’s Privy Council for Canada and Minister responsible for Canada-U.S. Trade, Intergovernmental Affairs, Internal Trade, and One Canadian Economy

Liberal

Linked statement

“The finance minister will share good economic news soon. It will show that the opposition's complaints are wrong, and that Canada's economy is doing well.”
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Official Hansard

Mr. Speaker, again, we are very pleased that our colleague is able to use the same tired lines that they have been using for months and months. It is great to hear the eight-track, but good news is on the way. In less than an hour, my colleague, the finance minister, will share this good economic news. Perhaps our colleague will be disappointed that the tired talking points she has been using for the last number of months suddenly will no longer be relevant. She can celebrate the great economic performance of Canadians and of Canada.

Jasraj Hallan, Calgary East

Conservative
“The Prime Minister spends too much money, doubles the deficit, and raises debt. This makes life too expensive for Canadians. I want him to stop this overspending.”
  • A repeated line

    “When will the Prime Minister end his costly credit card budgeting so that Canadians can afford to eat?”

    Said 4 times by 4 members since April 28.

    Every time it was said
Official Hansard

Mr. Speaker, it is hard to believe, but the Liberal Prime Minister makes Justin Trudeau look like a penny-pincher. After saying he would spend less, he doubled his deficit and added $90 billion in new spending, more debt, more costs, more taxes and more spending; the same old Liberals. While adding to the nation’s credit card, Canadians are putting their own bills on their personal credit cards. Will the Liberal Prime Minister end his costly credit card budgeting so that Canadians can finally afford to live?

Dominic LeBlanc, President of the King’s Privy Council for Canada and Minister responsible for Canada-U.S. Trade, Intergovernmental Affairs, Internal Trade, and One Canadian Economy

Liberal
“Canadians are worried about the cost of living, groceries, and fuel. The finance minister will speak soon about how our government is helping.”
  • Government answer in Question Period

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Official Hansard

Mr. Speaker, our colleague properly raises the issues of affordability and the cost of living. It is something that I know every member of the House is concerned about, because Canadians are concerned about it. Again, in less than an hour, my colleague, the finance minister, will be in the House, talking about the important measures that our government has taken, will take and will continue to take to support Canadians in the very real concerns around the cost of groceries, the cost of fuel and the cost of living. Our government is there for Canadians.

Jasraj Hallan, Calgary East

Conservative
“Government spending causes high inflation and forces millions of people to use food banks. Will the Prime Minister promise to limit the deficit to 31 billion dollars?”
  • A repeated line

    “The cost of government has driven up the cost of living.”

    Said 4 times by 3 members since April 27.

    Every time it was said
Official Hansard

Mr. Speaker, in an hour, we are going to find out just how expensive Liberal good news really is. It is these massive deficits that we are probably going to see in the next hour, the same massive deficits that mean inflation today and higher taxes tomorrow. The cost of government has driven up the cost of living, and 2.2 million Canadians are going to a food bank in a single month, because the government gave Canadians the highest food inflation in the G7 and the highest household debt. Will the Liberal Prime Minister commit to capping the deficit at no more than the already reckless $31 billion Trudeau gave?

Steven MacKinnon, Minister of Transport and Leader of the Government in the House of Commons

Liberal
“Inflation is back in the target zone. The Conservatives keep complaining about our spending, but they will not say what they would cut. I want the finance critic to show us their list of cuts.”
  • Government answer in Question Period

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Official Hansard

Mr. Speaker, my hon. friend is the finance critic, it must be said, for the official opposition. They keep talking about inflationary spending. First of all, inflation is in the target zone of the Bank of Canada and has been for some time. We have yet to see, and maybe the finance critic could help us out here, a list of proposed cuts. What do they define as inflationary spending and how do they propose to withdraw that from the people who benefit, like our seniors, for example? Where is the list? What is it? The finance critic—

Pierre Paul-Hus, Charlesbourg—Haute-Saint-Charles

Conservative
“The Prime Minister promised to spend less, but he doubled the deficit and hired more bureaucrats. In Quebec, many seniors live on very little money while care home costs go up. When will the Prime Minister stop running deficits so seniors can afford to live?”
  • 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 Liberal government will present its economic update this afternoon. The Prime Minister promised to spend less, but he doubled the deficit. He promised to make cuts to the public service, but he increased bureaucracy by 7%. In Quebec, 40% of our seniors live on just over $20,000 a year, while long-term care rents have risen to $4,000 a month. When will the Liberal Prime Minister stop running up deficits so that our seniors can finally get their heads above water?

Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions

Liberal
“Our government is managing the economy well. We are spending less, investing more, and have some of the best economic growth and finances among our peers. We are also bringing down the cost of food and gas.”
  • A repeated line

    “We have the second-fastest growth in the G7.”

    Said 12 times by 5 members since April 24.

    Every time it was said
Official Hansard

Mr. Speaker, we are building a strong economy while protecting our social safety net and getting our house in order. What are we really doing? We are spending less so we can invest more. In concrete terms, the results speak for themselves. We have the second-highest growth in the G7, and we also have the most enviable fiscal position and fiscal reality in the G7. At the same time, we are bringing down the cost of groceries. At the same time, we are also lowering gas prices at the pumps. Basically, we are here for Canadians, and this is what a competent government looks like.

Pierre Paul-Hus, Charlesbourg—Haute-Saint-Charles

Conservative
“The Liberals spent the last ten years making a mess of our money. Now seniors must choose between rent and food. Will the Prime Minister promise not to spend more than his planned $31-billion deficit?”
Official Hansard

Mr. Speaker, the minister says that her government is getting the house in order. Who has been creating the mess for the past 10 years then? They did that. They want to clean up the mess they created, but let us be real. Nobody thought it was possible to spend more than Justin Trudeau. Still, as we can see, the Prime Minister has succeeded in achieving this unenviable feat. Meanwhile, the Liberal government has abandoned seniors, who now have to choose between paying rent and buying groceries. Will the Prime Minister commit to not spending more than the $31‑billion deficit promised by Justin Trudeau?

Dominic LeBlanc, President of the King’s Privy Council for Canada and Minister responsible for Canada-U.S. Trade, Intergovernmental Affairs, Internal Trade, and One Canadian Economy

Liberal
“I made a mistake earlier. The finance minister will be here in less than two hours, not one. He will share real facts and good news about the economy, workers, and seniors, unlike the false claims the Conservatives make.”
  • Government answer in Question Period

    Respect 69 of 100

    This statement targeted a person rather than their actions or views: “He will not need to make up numbers.”.

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Official Hansard

Mr. Speaker, I was very enthusiastic a few moments ago and I said that the Minister of Finance and National Revenue would be here in under an hour. I misspoke. It is in less than two hours that my colleague will have all the facts. He will not need to make up numbers. He will not need to repeat things that he knows very well are not solid. There will be good news for the Canadian economy, for workers and for seniors, instead of the baseless accusations the Conservatives make in the House all the time.

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