Mr. Speaker, we acknowledge that oil price shocks due to the war in the Middle East are rippling across the world and increasing the cost of living pressures on Canadians here at home. That is why we recently worked with our international partners to release hundreds of millions of barrels of Canadian oil as part of an effort to provide stability for businesses and consumers. We cannot unblock the Strait of Hormuz, but we can control what we do here at home. We have cut taxes for 22 million Canadians, offered a groceries and essentials benefit and offered a national school food program. That saves families hundreds and thousands of dollars per month.
In the House of Commons on March 25th, 2026. See this statement in context.