Guests in the House of Commons  Mr. Speaker, on Friday, a Nazi received a standing ovation in the House. Today is Yom Kippur. The Jewish community, my community, is horrified. Only one office in the country is responsible for vetting visitors to this place: the Prime Minister's Office. When the Ukrainian president, a head of state, addresses the House during a time of war, the Prime Minister's Office is responsible for security, full stop.

Guests in the House of Commons  Mr. Speaker, shame on the member and the government for not taking responsibility. The Prime Minister has the massive security apparatus of the state at his disposal, yet a Nazi was honoured in this place. I cannot believe I am even uttering these words. Canada has been embarrassed around the world.

The Economy  Mr. Speaker, in June, the finance minister said, “Canada’s plan to bring down inflation is working.” She called it a “milestone moment”, taking credit for the reduction. Yesterday, we learned inflation has gone up to 4%, an increase of 43% since she made those comments. Now inflation is higher here than it is in the United States.

Canada-Newfoundland and Labrador Atlantic Accord Implementation Act  Madam Speaker, the Liberal-NDP coalition claims it cares about climate change and renewable energy, yet it had its Ottawa gatekeeper bureaucrats cancel a viable tidal wave energy project in Nova Scotia just this year. That company lost close to $40 million. Why would any company want to invest in renewable energy in Canada when it sees this kind of thing?

Canada-Newfoundland and Labrador Atlantic Accord Implementation Act  Mr. Speaker, there is one thing I would like to get clarification on. The member talked at great length about the importance of renewable energy, wind and presumably tidal as well, and I agree with him, but the problem is that there was recently a tidal project in Nova Scotia that was basically roadblocked and gatekept by federal bureaucrats.

Canada-Newfoundland and Labrador Atlantic Accord Implementation Act  Madam Speaker, it is nice to hear the minister endorse the idea of carbon capture and have that on the record. I am wondering about liquefied natural gas. He did not mention it in his speech. Mr. Putin is largely funding his war on the back of selling natural gas in Europe. Canada is one of the largest producers of natural gas.

Business of Supply  Madam Speaker, I very much enjoy working with my colleague from the Bloc at the finance committee. I find him to be an articulate and thoughtful member of the committee. Our motion is basically to call on the government to balance budgets. I will note that, during the 2015 campaign, the Prime Minister promised he would balance the budget by 2019.

Business of Supply  Madam Speaker, I noted that when the member was talking about the IMF, he was cherry-picking points from the IMF's report that strengthened his case. I have a chart in front of me of housing market risk indicators. It says, “Economies with high household debt and more floating-rate loans have greater exposure to higher mortgage payments, and a heightened risk of defaults.”

Canada Business Corporations Act  Madam Speaker, the member's comment leaves me wondering why the specific amendments that he just spoke of were defeated by the Liberal members at committee when they were proposed. Amendments around searchability and interoperability were defeated. They had their chance at committee to strengthen the bill and yet they chose not to.

Canada Business Corporations Act  Madam Speaker, I think that is pretty straightforward. Every province, every jurisdiction has to be on board with this idea. If one province does not have a registry and does not follow these rules, it will become a haven for the oligarchs, for the money launderers, for the fraudsters, to come and do their dirty work and defraud Canadians in that jurisdiction.

Canada Business Corporations Act  Madam Speaker, just to be clear, I am not speaking about Bill C-18, nor am I speaking about any purported amendments to Bill C-42. Rather, I am speaking about Bill C-42, an act to amend the Canada Business Corporations Act. The bill does a number of things. Its stated goal is protecting Canadians against money laundering and terrorist financing, deterring tax evasion and tax avoidance, and making sure that Canada is an attractive place to do business.

Canada Business Corporations Act  Madam Speaker, I want to go back to one particular issue that has to do with the significant interest clause, which the member discussed during his speech. He said that it was okay for now, which leads me to think he might think it should be lower. The fact of the matter is it should be lower and is a major hindrance to making this legislation as effective as it could be.

The Economy  Mr. Speaker, this is a very serious problem. Massive Liberal deficits are fuelling inflation. Inflation causes interest rates to go up. Higher interest rates lead to higher mortgage payments and more mortgage defaults. To stop mortgage defaults, we need to balance the budget, end the big deficits and reduce interest rates.

Housing  Mr. Speaker, that is certainly not a very serious answer. The bank governor is working to rein in inflation by increasing interest rates. At the same time, the Prime Minister's massive $60-billion spending spree is fuelling inflation and has caused yet another interest rate hike just last week.

Budget Implementation Act, 2023, No. 1  Madam Speaker, there is one aspect of the budget on which I want to get clarification. In the fall economic statement, in the 2027-28 business year, the fall economic statement projected a $4.5-billion surplus. Only 140 days later, on March 28, the budget introduced a table for the same year that showed a $14-billion deficit, an $18.5-billion swing.