Canada Early Learning and Child Care Act  Mr. Speaker, I have a question for you. In an Order Paper question, Question No. 1270, I asked the Minister of Families and Social Development how many child care spaces were provided by the government's commitments. In response to that question, the minister said there was no answer.

Canada Early Learning and Child Care Act  Mr. Speaker, how can Canadians trust a government that is quite happy to talk about an announcement and very unhappy or unwilling to talk about results? We asked the government how many child care spaces in the communities have been created across Canada and how many families have access as a result of this legislation.

Committees of the House  Madam Speaker, it is nice to see you again. I would ask for a recorded division.

The Economy  Mr. Speaker, Liberal deficits drive inflation and Canadians are paying the price. John Manley said that government fiscal policy is making it harder to contain inflation, and Stephen Poloz said that government deficits last year made the Bank of Canada raise interest rates higher, which means Canadians are paying a higher price for government spending.

The Economy  Mr. Speaker, on this side of the House, we are proud of a record that, during the last recession, cut taxes for Canadians. However, let us talk about energy and food costs, which are some of the biggest contributors to inflation. It is puzzling that the government continues to increase taxes on both fuel and food and making them more expensive by continuing to increase the carbon tax.

Business of Supply  Mr. Chair, 52% of all of the debt issued in that time frame was for under three years. In fact, only 10% of that debt was issued with 10 years or more maturity. How is it possible that the government says its debt management strategy is fiscally responsible when at the lowest interest rates, it financed most of that debt in the short term, which is all going to roll over in the next two years?

Business of Supply  Mr. Chair, it is obviously clear that the minister is ashamed of the government's record in choosing to issue short-term debt when rates were so low. Could the minister tell the House and Canadians what the average interest rate is that the government expects to pay on the debt that is maturing and rolling over in the next two years?

Business of Supply  Mr. Chair, it is very clear that the Minister of Finance does not want to stand behind her government's record and its choices in issuing debt. Here is another question. How much more will the government have to pay if inflation does not come down and interest rates do not come down, as it is projecting them to come down in its own budget, when it rolls over its debt in the next two years?

Business of Supply  Mr. Chair, the minister is obviously not very proud of the government's record. She cannot even answer some very simple questions about how much the government expects to pay on the debt that it issued. Perhaps the government was also misled by the Bank of Canada, which promised Canadians that rates would stay low.

Business of Supply  Mr. Chair, could the hon. minister tell us this? Is it not a fact that between February 2020 and January 2022, the government issued approximately $471 billion of debt?

Business of Supply  Mr. Chair, it is true. It is a fact. The government issued $471 billion of debt between February 2020 and January 2022. Could the hon. minister tell us how much of that issued debt is maturing in under three years?

The Economy  Mr. Speaker, it takes a hack to know a hack. Last fall, the finance minister said that new spending needed to be matched with government savings. She said that the government needed to exercise restraint to not pour fuel on the fire. She also said that the debt-to-GDP ratio was the red line.

Carbon Pricing  Mr. Speaker, before tabling the budget, the finance minister said that “by exercising fiscal restraint” and by not pouring fuel on the inflationary fire, the Liberals would ensure they could responsibly invest in Canadians. However, we need to pay attention to what the government does and not what it says, and what the government did was increase spending by $60 billion, or $4,300 for every family in Canada.

Business of Supply  Mr. Chair, the minister is not interested in talking his colleagues out of making housing more unaffordable. Let us talk about this one: The banks are unilaterally increasing amortization rates over 40 years in many cases, and 75% of Canadians with a variable rate mortgage have hit their trigger rate.

Business of Supply  Mr. Chair, can the minister update the House and tell us what the average price of a home to rent or buy is in Mississauga?