Mr. Speaker, after nine years of the NDP-Liberal Prime Minister, Canadians are getting poorer. His inflationary deficits are pushing up inflation and interest rates.
That is because, when the Prime Minister goes into the markets and borrows billions to fund his spending spree, that bids up the interest rates for everyone else. A new report from the Bank of Canada is shocking. Average mortgage payments will rise by more than 20% in the next couple of years.
Where the heck are Canadian families supposed to come up with an extra few hundred dollars just to pay higher mortgage payments for the homes they already own?