Mr. Speaker, earlier this month I received an email from an Innisfil resident who, like roughly 780,000 Canadian homeowners, chose to defer her mortgage payments when COVID-19 forced businesses to close and workers to be laid off. In the email, she spoke of not being fully back to work as a result of the shutdown, yet her financial hardship is mounting because, as it is for many Canadian families, a deadline is looming this week when mortgage deferrals end, and payback will be required with interest. This means she will have to pay a lump sum of $3,750 in principal and interest, which is more than her monthly income.
In last week's throne speech, not one word of this looming crisis was mentioned. Instead, what we heard was the Prime Minister delivering no plan to get our economy back on track, no plan to secure investment, no plan to secure jobs, no plan for rapid testing, and no plan to pay for the mounting debt and deficit. What we did hear was a Prime Minister willing to bankrupt our country to win the next election.