Mr. Speaker, Canadians renewing their mortgages at today's rates will see an increase from 2% to 6% or higher. The IMF warns that Canada is the most at risk among G7 countries for a mortgage default crisis. What do we get? We get $20 billion in new inflationary spending.
The Liberals have decided again to spend on the backs of Canadians, keeping inflation and interest rates high. They risk a mortgage meltdown on $900 billion of mortgages renewing over the next three years. They continue to attack $3 trillion of resources that would fuel, feed and secure the world; that would end dollars for dictators; and that would bring powerful paycheques to our people.
After eight long years, when Canadians get the carbon tax election they have been longing for, common-sense Conservatives will axe the tax, balance the budget, deliver real leadership and end the NDP-Liberal gravy train.