Juno News - June 05, 2023


Poilievre and Freeland spar over inflation


Episode Stats


Length

3 minutes

Words per minute

121.68391

Word count

396

Sentence count

22

Harmful content

Misogyny

1

sentences flagged

Toxicity

1

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Learn English with Justin Trudeau. Prime Minister Justin Trudeau delivers a speech to the House of Commons on inflation and interest rates, and the role of the Bank of Canada in keeping the economy stable and preventing a massive mortgage meltdown.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
00:00:00.000 The Honourable Leader of the Opposition.
00:00:01.540 It's just six months ago that this minister promised a balanced budget by the year 2027.
00:00:07.980 She said that deficits fuel inflation.
00:00:12.800 Deficit Finance Minister John Manley, a Liberal,
00:00:16.360 said that while the Bank of Canada is slamming on the brakes of inflation with higher rates,
00:00:20.880 this government is slamming on the gas with higher spending.
00:00:24.880 This could cause the whole engine to blow
00:00:26.420 and all of that mortgage debt Canadians hold comes up to renewal unless the rates come down.
00:00:31.900 So will she act now to put in place a plan to balance the budget 0.68
00:00:35.560 to bring down inflation and interest rates?
00:00:38.560 The Honourable Deputy Prime Minister.
00:00:43.940 You know, Mr. Speaker, I am truly appalled
00:00:48.280 by the reckless and irresponsible behaviour we are seeing from the Conservatives today.
00:00:54.360 They are showing that they prefer adolescent partisan gains
00:01:01.000 over actually delivering support to Canadians.
00:01:05.180 So let's talk about what they are preventing Canadians from getting
00:01:09.140 with their parliamentary childishness.
00:01:12.740 They are preventing Canadians from getting the doubling of the tradesperson's tool deduction.
00:01:18.020 They are preventing us from putting in place an anti-flipping tax
00:01:21.420 that's going to stop speculation in homes.
00:01:23.400 Mr. Speaker, what is truly reckless is driving up inflation and interest rates
00:01:31.580 on Canadian consumers who are the most indebted in the entire G7.
00:01:36.380 In fact, the combined consumer debt is almost bigger than the entire Canadian economy.
00:01:41.740 And when the monster mortgages that Canadians took out with the advice of this government
00:01:46.320 back in 2021-22 come into higher rates for renewal,
00:01:51.820 there could be a massive mortgage meltdown.
00:01:54.500 Therefore, will the Finance Minister do what she promised only six months ago,
00:01:58.940 and that is to say, stop putting fuel on the inflationary fire,
00:02:02.580 balance the budget to bring down inflation and interest rates?
00:02:05.780 Yes or no?
00:02:06.280 Mr. Speaker, someone who advised Canadians to opt out of inflation by investing in crypto
00:02:17.420 is pretty ill-positioned to offer economic advice of any kind.
00:02:22.340 And you know what he is doing?
00:02:23.680 Instead of providing a responsible economic plan,
00:02:27.680 he is blocking the support that Canadians need,
00:02:30.600 real measures in our budget implementation bill.
00:02:33.720 For example, cracking down on predatory lending.
00:02:37.160 Who could be opposed to that?
00:02:38.520 Isn't that what Canadians need right now? 0.94
00:02:40.300 But the Conservatives, with their frivolous, childish behaviour,
00:02:43.360 are stopping Canadians from getting this support.
00:02:45.280 Thank you.