Mr. Speaker, it was just six months ago that the minister promised a balanced budget by the year 2027. She said that deficits fuel inflation. The former finance minister John Manley, a Liberal, said that while the Bank of Canada was slamming on the brakes of inflation with higher rates, the government was slamming the gas with higher spending. This could cause the whole engine to blow when all that mortgage debt Canadians hold comes up for renewal unless the rates come down.
Therefore, will she act now to put in place a plan to balance the budget to bring down inflation and interest rates?