Juno News - June 07, 2023


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


Episode Stats

Length

6 minutes

Words per Minute

162.96092

Word Count

987

Sentence Count

74


Summary


Transcript

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.
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?".
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.