Mr. Speaker, Liberals go woke; Canadians go broke. Out-of-control spending over eight years has led to a nation of high inflation, high interest rates and higher taxes. One in five Canadians is skipping meals. Nine in 10 young people have given up on the dream of home ownership.
Liberals threw $60 billion of fuel on the inflationary fire they started with their recently failed budget. Former Liberal finance minister John Manley said that Liberal spending is like keeping one's foot on the gas while the Bank of Canada keeps its foot on the brake.
Today, we see the direct result of this never-ending fiscal policy failure, as the Bank of Canada raised its interest rates again, for the ninth time in just over a year. That is 19 times higher, to a level not seen in over 20 years. This is devastating for homeowners and renters already struggling with double mortgages and rent payments.
Liberals are out of touch, and Canadians are out of money and homes. Conservatives will bring home lower prices, powerful paycheques and homes Canadians can afford. Only Conservatives will restore affordability with common sense for the common people. Let us bring it home.