Juno News - June 07, 2023


Poilievre challenges Justin Trudeau’s talking points on inflation, and rising interest rates.

Topics
deficits and inflation
Mentioned
Speaker John Manley
What does Danielle Smith’s win mean for Alberta？ The truth about the Canadian wildfires

Episode Stats


Length

6 minutes

Words per minute

162.96

Word count

987

Sentence count

80

Harmful content

Misogyny

1

sentences flagged

Hate speech

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 on inflation and deficits. Justin Trudeau speaks on deficits, inflation, and the need to balance the budget. Speaker: The Prime Minister's Speech on Inflation and Deficits

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
Topics generated with Qwen2.5-3B-Instruct.
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 Asked by my associate finance shadow minister, if deficits had been smaller, would inflation have been lower?
00:00:10.840 And the Bank of Canada Governor answered yes.
00:00:15.460 He also said inflation in Canada is increasingly reflecting what's happening in Canada.
00:00:20.640 Former Liberal Premier of Nova Scotia said, on the inflation side,
00:00:24.140 if governments, both nationally and sub-nationally, continue to spend beyond their means spending to pay the credit card of the government of today,
00:00:31.140 they are going to continue to have inflation that continues to increase.
00:00:34.700 If he won't believe me, will he at least believe his officials and his Liberal friends?
00:00:38.780 The Right Honourable Prime Minister.
00:00:41.880 Mr. Speaker, I believe this is the first time we've heard the Leader of the Opposition even indirectly criticize provincial governments
00:00:49.260 that are racking up significant spending that is inflationary.
00:00:54.040 On the federal side, we have been very cautious about targeting the measures so that they are not contributing to inflation,
00:01:01.700 even as we continue to support Canadians, to support families, to support seniors, to support workers,
00:01:08.660 with measures that, on top of that, the Leader of the Opposition is excited about filibustering and blocking tonight.
00:01:15.660 Mr. Speaker, we're going to be there to help low-income workers, despite their political gains.
00:01:20.820 The Honourable Leader of the Opposition.
00:01:23.780 Mr. Speaker, it's not just the Governor of the Bank of Canada who says deficits contribute to inflation.
00:01:29.700 It's not just the former Liberal Deputy Prime Minister and Finance Minister, John Manley,
00:01:34.060 who says that deficits contribute to inflation.
00:01:36.580 It's his own actual Finance Minister and Deputy Prime Minister.
00:01:41.320 She said that deficits pour fuel on the inflationary fire.
00:01:47.620 And that's exactly what she did with this budget, $60 billion in additional inflation. 0.99
00:01:51.680 That's $4,200 per family, which now has led to higher interest rates.
00:01:57.600 Will he announce a plan and a deadline to balance the budget to bring down inflation and interest rates?
00:02:03.260 Mr. Speaker, the Right Honourable Prime Minister.
00:02:06.380 Mr. Speaker, the Bank of Canada is acting to bring down inflation, and it's working.
00:02:13.780 Our inflation is coming down.
00:02:15.640 At the same time, our job as a government is to be there to support Canadians,
00:02:20.540 to be there with supports for families, to be there with supports for kids who need dental care,
00:02:25.740 to be there with supports for Canadians who are struggling right now.
00:02:29.400 The Conservative approach is to cut programs, to cut supports for Canadians,
00:02:34.980 at the same time as we are standing up to help Canadians through this difficult time and out to the other side.
00:02:41.900 The Leader of the Opposition.
00:02:43.700 Mr. Speaker, it's clear that the Prime Minister's staff handed him a stale briefing note,
00:02:49.280 because inflation is actually rising.
00:02:52.240 It was up in the most recent reported month.
00:02:54.720 It just so happens that that month followed the introduction of the $60 billion of brand-new,
00:03:01.180 above-and-beyond inflationary spending by this Minister.
00:03:05.020 We now know that deficits contribute to inflation, which raise interest rates.
00:03:10.020 And he's right.
00:03:10.620 The Bank of Canada is trying to bring down that inflation while he continues to pour the gas on the fire.
00:03:16.100 Will he stop that irresponsible practice and deliver a balanced budget to bring down inflation and interest rates?
00:03:22.880 The Right Honourable Prime Minister.
00:03:25.620 Mr. Speaker, at least the Leader of the Opposition is consistent in not letting facts get in the way of a good political argument.
00:03:33.580 Whether it's on climate change, whether it's on foreign interference,
00:03:37.420 or whether it's on the Bank of Canada and inflation, he's continuing to fear-monger.
00:03:43.420 He's continuing to amplify erroneous fears that Canadians have.
00:03:49.500 At the same time, as we are delivering supports in a targeted way,
00:03:53.900 we have the lowest deficit of any G7 country.
00:03:56.640 We have the lowest debt-to-GDP ratio of any G7 country.
00:03:59.980 We are continuing to be there for Canadians in a non-inflationary way that is targeted and right.
00:04:05.940 Mr. Speaker, tonight, families will sit down with their kids at their dining room table to say,
00:04:19.300 sorry, we have to sell the house.
00:04:21.420 Because mortgage payments are going to go up by as much as $1,500 per month.
00:04:27.700 That's not me.
00:04:28.640 That's according to the Bank of Canada, which predicts a 40% increase in mortgage payments.
00:04:34.140 People can't pay $15,000 more in mortgage payments.
00:04:37.940 They have only $200 left in the bank at the end of the month.
00:04:42.040 Will the Prime Minister acknowledge that these are real fears by real people and stand on their side?
00:04:47.260 Mr. Speaker, where the Leader of the Opposition falls down is his solution for those families is to do less for them.
00:05:02.580 To take away their child care.
00:05:04.940 To take away their dental care.
00:05:07.160 To take away the programs that are helping them, like the Canada Workers' Benefit.
00:05:12.540 We are bringing forward payments for the Canada Workers' Benefit so that low-income workers can get more help right now.
00:05:19.120 And that Leader is going to stand up for hours tonight and block that measure, Mr. Speaker.
00:05:26.260 There is help for Canadians on the way.
00:05:28.720 And those Conservatives are standing in the way with silly procedural games.
00:05:37.160 I am looking to guess what's going on.
00:05:39.840 I don't know.
00:05:40.420 But the change is for people in much tax and 티 먹는 한국Escolle.
00:05:42.040 So if there's no need to be information, the day should be 그다음.
00:05:43.500 What's going on?
00:05:44.020 So if they are lots of people jump in.
00:05:45.420 You don't have to be fascinated.
00:05:46.220 Their idea is for?". 0.69
00:05:46.360 I am being able to go.
00:05:47.640 You don't get them pretty easily.
00:05:48.200 If they are not meant to be done something like this or that.
00:05:49.540 I am not going to be interested.
00:05:51.100 Like in my life where I am to trust.
00:05:53.140 Or I am on this Friday night.
00:05:54.640 This afternoon happens towards the internet.
00:05:56.640 I am total at the night, there is going to go.
00:05:59.180 He is going to focus on a little kid.
00:06:01.220 I am waving to a little girl.