Mr. Speaker, it is not just me anymore pointing out that deficits drive inflation. It is Liberals. It is former Liberal finance minister John Manley, who said that the Liberal deficits are “a bit like driving your car with one foot on the gas and the other on the brake generally, especially if there's slushy conditions under your tires.” He is pointing out that the Prime Minister presses his foot on the inflationary gas pedal while the Bank of Canada has to press on the brakes. The engine is eventually going to blow.
We know Canadians cannot pay their bills. Will the Prime Minister be honest today and tell Canadians how much their mortgage payments will go up because of these rate hikes?