Mr. Speaker, the Bank of Canada is saying that Canadians are overstretched in terms of debt, that they now owe $1.48 for every $1 they earn and that the personal debt risks are destabilizing the whole economy.
The Prime Minister is lecturing Canadians not to go into debt, but his own policies make it worse. He slaps on the HST and refuses to take action against gouging credit card companies.
When will the government pass binding new laws to protect Canadians as we head into this season when they are supposed to be buying a few things for their families? When is he going to protect them from the gouging credit card companies?