Mr. Speaker, Canadians should not have believed the finance minister when she said to borrow as much as one wants and that interest rates will be low for a very long time.
She turned around and threw hundreds of billions of dollars of fuel onto the inflationary fire, giving Canadians the worst inflation in 40 years and the most rapid interest rate hikes, which we have not seen in the last 30 years. Anyone who took on a mortgage five years ago at 2% will now have to renew at 6% or 7%. That is an increase of more than 200%.
Will the Prime Minister rein in his inflationary deficits so interest rates come down, or does he want people to start losing their homes?