Mr. Speaker, the Bank of Canada put this out yesterday: “Higher debt-servicing costs reduce a household’s financial flexibility, making them more financially vulnerable if their income declines or they face an unexpected material expense.”
I have talked about all the billions of dollars that the government does not have and that it has been borrowing and spending. Could the member opposite please explain how what the Bank of Canada is warning for personal households and their inability to handle that much mortgage is any different for a Prime Minister who has doubled the debt and has spent more than all prime ministers combined?