Madam Speaker, Canada's savings rate has climbed from 7.7% back in the 1990s to 14.1% today. That is according to the C.D. Howe Institute. Just the other day, Finance Canada said that the higher CPP premiums would hurt the economy by reducing private savings by 7%. Could member to comment on that, because it sounds like we are going backwards?
In the House of Commons on October 21st, 2016. See this statement in context.