Mr. Speaker, this year, Canadians will feel the brunt of the 4.25% increase in the Bank of Canada's base rate.
According to Statistics Canada, 35% of Canadian households reported that it was difficult for them to meet their financial needs in the previous 12 months. What is more, 44% of respondents said that they were very concerned with their household's ability to afford housing or rent.
Will the Prime Minister admit that his out-of-control spending caused inflation and created conditions that are impoverishing Canadian families?