Debates of May 25th, 2026

Spring Economic Update 2026 Implementation Act

[Gérard Deltell, Conservative, Louis-Saint-Laurent—Akiawenhrahk, QC]

Mr. Speaker, I would like to thank my colleague; his questions are always pertinent. It is indeed a pity that the government, which has now been in office for over a year, has not gone to the trouble of engaging with the opposition parties, which is absolutely essential, particularly in the case of a minority government.

That said, for the past few weeks, there has been talk of it being a majority government. It is a defector-led majority. It is a majority government made up of floor crossers. It is funny; I think it sounds quite good in both English and French.

[Andrew Lawton, Conservative, Elgin—St. Thomas—London South, ON]

Mr. Speaker, when the Liberals treat Canadians like a cash cow and spend so irresponsibly, they are adding more money to the national credit card, which means we have to put more money toward repaying the debt than funding public services.

What are the consequences of this kind of spending?

[Gérard Deltell, Conservative, Louis-Saint-Laurent—Akiawenhrahk, QC]

Mr. Speaker, I hear my colleagues from the Bloc Québécois applauding my colleague, who speaks impeccable French, with genuine enthusiasm. Incidentally, I urge everyone to read the biography he published a few months ago of our leader, the Leader of the Opposition.

My colleague's question is essential and fundamental. When someone lives beyond their means, sooner or later, they have to pay for that spending. What does that lead to? It leads to debt, deficits and interest on the debt. We know that every penny of GST we pay is used solely to pay the interest on the debt. That is terrible. It is great for bankers but terrible for Canadians. That is why we need to adopt a responsible and realistic approach. Unfortunately, the government that was elected in 2015 on the promise that there would be no deficit in 2019 has thrown that promise away.

[Lianne Rood, Conservative, Middlesex—London, ON]

Mr. Speaker, on behalf of the hard-working small business owners, farmers and families in my riding of Middlesex—London, I say enough is enough. Bill C-30, the Liberal government's spring economic update implementation bill, does little to improve the quality of life for Canadians but does saddle them with lost investment opportunities and more generational debt. After months of the Prime Minister promising real change, Canadians are receiving more of the same temporary band-aids and half measures that fail to address the root causes of the affordability crisis, which is making life more expensive for every family across the country.

Let me be perfectly clear from the outset: This is not a serious economic policy but a collection of short-term, worthless political gestures designed to create headlines while the Liberals avoid making the hard decisions that Canada needs to get our economy back on track.

What does Bill C-30 actually deliver? It provides a temporary suspension of the federal excise tax on gasoline and diesel, but only until September 7. That is just four and a half months of partial relief. After that, the taxes snap right back, so families will be struggling at the pumps, small businesses will still face high operating costs and farmers will still have to pay more to bring food to our tables.

For those in Middlesex—London, where our rural roads stretch for kilometres and agriculture is the backbone of our local economy, this bill provides no relief at all. Farmers rely on diesel to run tractors, combines and transport trucks. Truckers haul our produce to market. Families drive long distances just to get to the city to buy groceries, go to a medical appointment or go to the grocery store. What the Liberal government is offering is not meaningful support. The bill gives it the opportunity for photo ops, plain and simple. It is a short-term gimmick to distract from the real pain that Canadians are facing every single day.

Conservatives have been crystal clear. We want the permanent removal of all federal taxes on fuel for the remainder of 2026 and beyond. That would deliver real, tangible results and savings of roughly 25¢ per litre at the pumps for families, truckers and farmers right across the country. That is about $1,200 a year for an average family. That is real help for the producers who keep our grocery store shelves stocked. Instead, the Liberals are offering this fleeting discount and calling it leadership. I call it what it is, which is insufficient and insulting to people who are struggling.

This pattern of temporary fixes repeats throughout the bill. There are minor tweaks to tax deductions for tradespeople, short extensions to EI benefits, small adjustments to the Canada pension plan and a few technical changes, such as an enhanced capital cost allowance. These may sound good in Liberal press releases and offer some temporary minor relief to some Canadians, but they do nothing to solve the real root causes of the problems, which are reckless Liberal spending, exploding Liberal deficits and a government that refuses to live within its means.

The so-called hero banker PM has run the federal deficit nearly double in less than a year, and there is nothing to show for it. We are now looking at the largest deficit, outside of the pandemic, in our history. The national debt exceeds $1.3 trillion. Interest payments alone now cost taxpayers more than $59 billion annually, more than we spend on health transfers to the provinces. Every Canadian family is effectively paying over $3,400 a year just to service this debt. That is money that could go toward schools and hospitals, or back into the pockets of hard-working Canadians, the ones who earned it.

While families in Middlesex—London are being forced to choose between filling their gas tank or their grocery cart and between paying the hydro bill or the mortgage, the Liberals are busy creating new funds and new ways to spend the money we do not have. They call it an “investment in the future”, but Canadians, especially rural Canadians, call that more debt being passed on to our children and grandchildren.

As someone who comes from a farming background, I hear every week from constituents that high fuel costs, with carbon taxes layered on top, and red tape are threatening the family farms that have been in operation for generations. These are the people who work from dawn to dusk to produce the food we all depend on, yet the government continues to punish them with policies that drive up their input costs while grocery prices keep climbing for everyone else.

The bill captures the Liberal approach perfectly: It manages the crisis instead of solves it and offers temporary relief instead of structural reform. The Liberals spend more, tax more and regulate more, and then hope no one notices when the bill is due.

If I were not a responsible, functioning adult, I might think that was a good idea. The Conservatives offer a fundamentally different vision, one grounded in common sense and fiscal responsibility. We believe that the government should live within its means, just as families and farmers across Middlesex—London do every single day. That starts with permanently axing the carbon tax, not just the consumer portion but the entire carbon tax, including the industrial backstop that is driving up the cost of fuel, fertilizers and natural gas for drying grain and heating barns.

The Conservatives would cut wasteful bureaucracy and the billions of dollars that are being squandered to consultants. We would repeal antidevelopment laws, such as Bill C-69, that block pipelines, energy projects and resource development. We would get serious about building homes by slashing red tape, speeding up approvals, incentivizing municipalities to build faster and removing the barriers that have made home ownership a distant dream for young families in our communities.

Only the Conservatives would unleash our natural resources responsibly so that Canada could be a leader in affordable, reliable energy, not just for ourselves but also for our allies around the world. By developing our oil and gas and critical minerals responsibly, we could create good jobs in ridings like mine that are rich in nearby manufacturing and development. We could also lower energy prices at home, strengthen our economic sovereignty and ensure that Canada is no longer held hostage by foreign supply chains.

I reject the idea that Canadians must keep paying higher taxes so that Ottawa can keep spending recklessly. I believe hard-working families deserve to keep more of their own money. I believe farmers and small businesses should not be punished for producing the foods and goods that keep this country running. I believe that the best way to help people is not through more government programs and subsidies, but through lower taxes, less red tape and real economic growth that creates opportunities for everyone. Bill C-30 would fail the test on every level. It is another chapter in the long, Liberal story of big promises and small results. It is more illusions of affordability, more illusions of fiscal irresponsibility and more credit card budgeting that would leave future generations to pay the price.

I am fed up. Canadians are fed up. They are tired of seeing their grocery and gas bills and their receipts go up, while their paycheques stay the same and their purchasing power shrinks. They are tired of broken promises from a government that talks about hope but purposely does nothing in its power to keep people from feeling hopeless. Canadians are tired of being told to just wait, while cynical Liberal politicians in Ottawa play games with their hard-earned money and their children's futures.

In Middlesex—London, the stories are the same. There are young couples unable to afford their first home, small business owners going bust because people cannot afford to go out anymore and seniors stretching fixed incomes to cover rising utilities. The people of Canada deserve better. They deserve a government that puts families first, respects taxpayers and focuses on the real priorities. They deserve affordable homes, lower costs at the pump and the grocery store, safer communities, and a strong, self-reliant Canada that stands on its own two feet.

That is exactly what Conservatives would deliver. We would bring common sense back to Ottawa. We would make life more affordable for every Canadian family. We would cut taxes, build homes that Canadians need, fix the budget and unleash the energy and resources that power our prosperity. We would rebuild Canada, where the next generation could actually get ahead and not just get by.

The choice before the House and before Canadians is clear. They can accept temporary gimmicks or demand a permanent solution. They can accept more debt or demand real relief. They can accept illusions or demand results. The Conservatives have chosen common sense. Will the Liberals listen to us?

[John-Paul Danko, Liberal, Hamilton West—Ancaster—Dundas, ON]

Mr. Speaker, the member opposite spoke about her real concern for the affordability concerns that her residents are facing. She spoke a lot, in particular, about the increase in fuel prices and how that impacts farmers, as well as the increased costs of fertilizer.

I just want to give the member an opportunity. This has been caused by a unilateral war by the Trump administration against Iran, which caused the single largest increase in oil prices in world history. Would she acknowledge that as being the root cause of the current increase in fuel prices?

[Lianne Rood, Conservative, Middlesex—London, ON]

Mr. Speaker, the member's question fails to address something I can speak to, as I am someone who works in the agriculture industry and works daily with people in the agriculture industry. I can say that, since the carbon tax was implemented in Canada, our costs have gone up exponentially. Every single input cost in this country has gone up, and that started long before any conflict started around the globe.

I hear this from farmers every single day. Fuel costs are through the roof and fertilizer costs are through the roof. The government continues to pile on red tape and more bureaucracy that tie the hands of our producers, the ones who feed us. We should all be doing all we can to make sure it is easier to produce food in this country.

[Marie-Hélène Gaudreau, Bloc, Laurentides—Labelle, QC]

Mr. Speaker, I have a very simple question for my colleague.

We are talking about consistency in government planning. I serve on the Standing Committee on Government Operations and Estimates. The Liberals are talking about Build Canada Homes, and they want to build more homes.

Our party has made concrete proposals and, right now, the industry's survival is in serious jeopardy. Does my colleague agree that it would have been a good idea to include the wage subsidy in the economic statement, or even to fix the spring gap for businesses?

[Lianne Rood, Conservative, Middlesex—London, ON]

Mr. Speaker, I thank my colleague for her very thoughtful question. Recently I have had the opportunity to sit down in London with homebuilders, developers and people who actually want to buy a home. I am hearing the same thing across my riding and across the country. We need to cut bureaucracy and red tape to make homes more affordable. Builders cannot build if they have to pay too many taxes. If the cost of a home now has hundreds of thousands of dollars in development charges, young families cannot afford to buy their first home.

We need to work together with municipal governments to find a way to cut red tape, cut taxes and incentivize builders to build homes that Canadians can afford.

[Rhonda Kirkland, Conservative, Oshawa, ON]

Mr. Speaker, I really appreciate the member's speech, and I want to just bring things back a bit.

One part of her speech basically was about the shallow so-called half-measures, which is what we are calling them, of the Liberal government to provide relief for issues that it has caused. I am wondering if her constituents are seeing what mine are, that the reality does not match the illusion, the smoke and mirrors, of the government as it keeps pretending to be focused on Canadians and affordability.

[Lianne Rood, Conservative, Middlesex—London, ON]

Mr. Speaker, I hear from constituents every day.

Tony from Denfield wrote to me and said, “The Prime Minister says that Canadians need to suffer for a little while. Why can't the Liberals take half reduction in income so that they can feel the effects?”

John from Newbury said, “Cost of living is too high. People cannot afford groceries, let alone housing. What happened to fiscal responsibility? Tired of being forgotten.”

Ted from Putnam says, “Please keep fighting for the everyday taxpayer, and never forget who pays the bills. It seems like the other parties have forgotten where the buck stops.”

Well, I could not agree more with that. Conservatives will continue fighting every day to make sure that Canadians are not forgotten and that we hold this Liberal government to account.

[Rachel Bendayan, Liberal, Parliamentary Secretary to the Prime Minister]

Mr. Speaker, I am pleased to share my time with my friend and colleague, the member for Hamilton West—Ancaster—Dundas.

I am very pleased to rise today to speak to Bill C-30, which implements certain measures from the 2026 spring economic update. As members are well aware, we are debating this bill at a pivotal moment for our country. Around the world, economic and geopolitical uncertainty has reached unprecedented levels. Global markets remain extremely volatile. Conflicts in the Middle East and Europe continue to disrupt supply chains. Global energy disruptions and trade tensions are on the rise. Protectionism is making a comeback.

Around the world, economies continue to face significant instability. The world uncertainty index recently surged to its highest level ever recorded in its more than 60 years of history. Global growth remains very uneven. Trade tensions are on the rise. Geopolitical conflicts in the Middle East and in Europe continue to disrupt our supply chains and to create uncertainty in international markets. Many advanced economies are struggling with sluggish productivity growth, persistent inflationary pressures and rising debt burdens, and Canadians understand these global realities.

However, as I spoke with many constituents over the course of the last few weeks, and many Canadians indeed across the country, the feeling that keeps coming across is one of optimism. People see the chaos unfolding around the world, and more than ever, they are proud to be Canadian. In fact, a recent poll released just a few days ago shows that the number of Canadians who believe that Canada, this country, is headed in the right direction is at its highest level in a decade.

What Canadians expect from their federal government is seriousness, discipline and a clear economic path forward, and that is exactly what this government is delivering. The best way to ensure that Canada can weather this global wave of instability is by focusing on what we can control and building a strong economy here at home. The numbers speak for themselves. Wage growth has now outpaced inflation for more than three consecutive years, meaning Canadians are seeing sustained income growth. Inflation here in Canada has remained within the Bank of Canada's target range for two years now. In fact, inflation in Canada is now 26% lower than in the United States. Canada has the second-fastest growth rate in the G7 despite the trade war waged by the U.S. and continued global uncertainty, and according to the IMF, Canada is projected to remain the second-fastest growing economy in the G7 this year and next year. Since last summer, Canada has created over 77,000 jobs. Per capita, that is approximately two and a half times the pace of job creation in the United States.

While the war in Iran and the resulting disruptions in global energy flows have significantly increased prices at the pump, our government has taken decisive action to mitigate those impacts for Canadians by suspending the federal excise taxes on fuel from now until Labour Day.

Next Friday, 12 million Canadians will receive a one-time payment as part of the new Canada groceries and essentials benefit. This means a payment of up to $267 for individuals and up to $533 for a family of four. This benefit represents nearly $1,900 this year. That is real money and a real boost for Canadians who need it most.

Next Friday, 12 million Canadians will receive a top-up payment as part of our new groceries and essentials benefit. That means $267 for a single person and up to $533 for a family of four. We are talking about approximately $1,900 for the year. That is very tangible support that will make a real difference.

Over the past year, we have announced 15 major projects of national interest and six transformative economic strategies that will generate over $125 billion in investments and support more than 60,000 jobs across the country.

That includes the expansion of the Port of Montreal back home in Contrecoeur. It also includes Nouveau Monde Graphite's Matawinie mine in the Lanaudière region and the transformative high-speed rail project between Quebec City and Toronto.

To meet this moment, we also need to ensure that Canada has the reliable and affordable electricity needed to power the economy of the future. Through our new national electricity strategy, we will double our electricity supply here in Canada while building a stronger, more interconnected electricity grid right across the country. This means accelerating investments in transmission infrastructure, clean power generation, energy storage and grid modernization, all so that Canadian businesses and workers have access to the affordable energy they need in order to compete and to grow. This is good for our environment, and it is good for our economy. Canada's electricity is some of the cleanest in the entire world, and it is key to attracting more investments in advanced manufacturing, artificial intelligence and critical minerals and, of course, to ensuring the competitiveness of our economy overall.

In the economic update, we are providing more than $13 billion in international climate finance. Although this investment received relatively little media attention, it was very important to me. It was also important to the Prime Minister. At a time when many countries, such as the United Kingdom and France, are cutting back on aid for climate protection, it is essential for all of us that Canada continue to show leadership, because climate change knows no borders, and helping the most vulnerable countries adapt and build their resilience is not only a moral responsibility for Canada, but also in our strategic interest.

As we make these investments, we are fulfilling our commitment to reduce the government's operating spending. Since last fall, we have reduced the deficit by $11.5 billion. In fact, Canada continues to have the lowest net debt-to-GDP ratio in the G7. Canada has by far the strongest fiscal position of any G7 economy, as well as an AAA credit rating, the highest in the world. I am not saying this just to boast about the Canadian economy, but because this fiscal strength is essential. In a world marked by instability, countries with sound and solid public finances like Canada have the ability to act, invest, and protect their citizens.

Canada is positioning itself to lead, and the world is taking notice. Foreign direct investment in Canada has reached its highest level in nearly two decades. Investors are choosing to invest here in Canada because of our skilled workforce, our stable institutions, our abundant natural resources and our responsible fiscal framework. That investment translates directly into jobs for Canadians, and it means new factories, new supply chains, new export opportunities and stronger economic sovereignty.

We are also redoubling our efforts to diversify Canada's economy. In a world where supply chains are being reshaped and global trade is becoming more fragmented, Canada must expand its economic partnerships and open new markets for Canadian businesses. Our objective is as clear as it is ambitious: to double Canada's non-U.S. trade over the next decade.

I have only a little time left but a lot to say. We simply cannot rely too heavily on any single market. That is why we have concluded over 20 new trade and security agreements on four different continents. Our non-U.S. exports are now up nearly 40%. That diversification makes Canada stronger and much more resilient. As the Prime Minister said very clearly at Davos, we know that “The old order is not coming back. We should not mourn it.”

[Greg McLean, Conservative, Calgary Centre, AB]

Mr. Speaker, the member mentioned the whole issue of a new electricity system across Canada to double our electricity. The thing I like best about this approach is that for years, the government, including this member, who has been here for years, as I have faced her for over six years now, has hobbled our electricity system across this country. Now it is flying in at the last minute saying, “Oh my gosh, we don't have enough electricity in Canada,” because we are actually importing electricity in Canada right now for the first time in decades, as a result of failed policies. It is now coming in as if it is the saviour and saying, “I get to fix this.” Well, if someone is an arsonist, they get to put out the fire.

Can I ask the member how she thinks she is going to solve something that she actually helped the government create, as opposed to turning it over to people who actually know how to solve something?

[Rachel Bendayan, Liberal, Outremont, QC]

Mr. Speaker, a few weeks ago, the Prime Minister announced our new electricity strategy and the beginning of consultations with stakeholders but also, importantly, with provinces and territories. We know electricity generation is done very differently from coast to coast to coast in this country. In Quebec, for example, we have incredible hydroelectricity, but that is not the case right across the country.

What we have set forward is an ambitious objective. Certainly, with all of the natural resources we have in Canada, we can be the provider of clean electricity to countries around the world.

[Mario Beaulieu, Bloc, La Pointe-de-l'Île, QC]

Mr. Speaker, Bill C-30 will increase food security risks by forcing the Canadian Food Inspection Agency to give equal consideration to economic impacts and impacts on our food security. What does my colleague think about that?

[Rachel Bendayan, Liberal, Outremont, QC]

Mr. Speaker, we are currently working on plan to ensure food security for Canadians. I would be pleased to continue discussing this issue with my colleague outside the House. However, it is important for us, as a government, to work together to secure our food sovereignty, especially since we have such a thriving agricultural sector here in Canada.

[Patrick Weiler, Liberal, West Vancouver—Sunshine Coast—Sea to Sky Country, BC]

Mr. Speaker, the spring economic update has some important new measures on the housing front: a $7-billion investment in the apartment construction loan program to build below-market rental units, and changes to the homebuyers plan.

Just yesterday I met a couple: Jack, a civil engineer, and Sophie, a youth counsellor. They just bought a new home, and they are very realistic about the costs that they are facing right now with some affordability pressures. I was hoping that the Parliamentary Secretary to the Prime Minister could speak a bit more about the measures in Bill C-30 and the spring economic update on housing, and how these are going to improve the outlook for young Canadians.

[Rachel Bendayan, Liberal, Outremont, QC]

Mr. Speaker, it is true that in my speech I did not have the time to go into detail about the many housing measures in the economic update. Of course, first-time homebuyers will be able to benefit from the purchase of their first home being tax free. There are significant investments in order to create affordable housing, including rental units, right across the country. There is social housing as well.

I would like to take this opportunity to recognize the incredible leadership of the member for West Vancouver—Sunshine Coast—Sea to Sky Country when it comes to the $13 billion that we are investing in international climate financing, an issue I know he cares about very deeply.

[Elizabeth May, Green, Saanich—Gulf Islands, BC]

Mr. Speaker, in Bill C-30, there is not much climate commitment at all. We now know, concerning the MOU with the province of Alberta, that whereas the November 27 MOU said Canada and Alberta are committed to net zero by 2050, the May 15 MOU said they are committed to tangible progress toward net zero by 2050.

Has the Prime Minister now completely withdrawn from our legally binding commitments to reductions by 2035? Are we now retracting the commitment, which was already too late, to the year 2050?

[Rachel Bendayan, Liberal, Outremont, QC]

Mr. Speaker, that is a very important question to delve into immediately. I do not know if the time given to me will be sufficient, but I would like to make very clear that the Prime Minister has committed and recommitted to our objective of reaching net zero by 2050. That is the commitment of our government.

[The Assistant Deputy Speaker, John Nater]

It is my duty pursuant to Standing Order 38 to inform the House that the questions to be raised tonight at the time of adjournment are as follows: the hon. member for Regina—Lewvan, The Economy; the hon. member for Elgin—St. Thomas—London South, Aerospace Industry; the hon. member for Cloverdale—Langley City, Housing.

[John-Paul Danko, Liberal, Hamilton West—Ancaster—Dundas, ON]

Mr. Speaker, as the representative for Hamilton West—Ancaster—Dundas, I want to take this moment to congratulate the Ancaster Lions Volleyball Club. The 18U rep team won a gold medal at nationals this past weekend in Calgary. The adage in sports is that we want to win the last game we play, and for many of these players, this was their last game of competitive volleyball. It was just amazing to go out on such a tremendous victory. I want to thank the coaches: Ed Bosveld; Coach Smitty, Jeff Smith; Caleb Joosse; and Brenden Vanderkruk.

As I reflect on this amazing achievement, I realize the importance of competitive sports, especially on the development of young men in their lives. It gives them a competitive outlet. There is the commitment, the training, the practice and the work on self-improvement. There is the personal responsibility that comes when the team relies on its players, and learning that their actions have consequences. Players learn that sometimes life is not fair and that, even when they do everything right, sometimes they do not win, and they have to learn how to deal with those losses. They have to train for success, learn the value of hard work, eat healthy and have healthy habits.

Above all, there is leadership and what it is to be part of a team working together towards a common goal. We are so proud of all the years of hard work by the athletes, coaches and the parents who supported these athletes all the way along. I say, “Way to go, boys.”

On that note, I will reflect on the spring economic statement. There is a $775-million investment in sports infrastructure and programming, from house leagues to the Olympics. Having been through competitive volleyball for a number of years, I can see first-hand the need for that investment on the ground in communities, in particular in the Golden Horseshoe area for court sports, such as basketball and volleyball, and for racquet sports. I am committed to advocating for those investments in our community.

I also want to take a moment to say happy birthday to my wife. It was her 50th birthday this past week when we were in our ridings. Members might ask how we celebrated her birthday. Well, it was a riding week, so we went to the Legion for Catch the Ace. We had a great evening. Everyone was very welcoming, but I do owe her a little bit more of a special evening event.

As we move on to the spring economic statement, I want to reflect that, just over a year ago, Canadians elected a serious, pragmatic government. Over the past year, our focus federally has really been on three major priorities: our economic and national security, responding to major global uncertainty and maintaining Canada's economy in constant in the face of that uncertainty. We are focused on affordability, lowering costs, supporting families, cutting taxes, and economic investments. In my personal role in advocating for federal investments in Hamilton West—Ancaster—Dundas, my focus is on infrastructure spending, housing, and investments in the skilled trades and the next generation of workers.

I am really optimistic about Hamilton, Ancaster and Dundas's future. We have seen positive momentum in Canada over the past year, and Hamilton, Ancaster and Dundas are very well positioned for future growth. Our industrial base continues to power Canada's economy. We have one of the most diverse economies in all of Canada, led by steel and manufacturing and by health care and life sciences, which are actually Hamilton's largest employers. We are also leaders in research and innovation, with three post-secondary institutions in my riding, McMaster, Mohawk and Redeemer, leading in research and innovation and the skilled trades. Hamilton is a place that is known for labour for the skilled trades, and it will continue to lead in those sectors.

Of course, it goes without saying that there are challenges. The illegal American tariffs are an ongoing economic pressure for local industry. This is with an ongoing, unprecedented uncertainty in the world as we are dealing with a now hostile neighbour to the south. There are issues in Ukraine, Iran, Venezuela, Cuba, Taiwan and China, and a U.S. administration that has caused the single largest increase ever in the price of oil. While the U.S. has caused this problem and is risking a global recession because of it, it is the rest of the world that is left mitigating the impacts.

I also want to reflect on some of the successes of the past Trudeau government. There are three areas that come to mind as being particularly high points for the Trudeau government. The first is environment and climate change, making key commitments to take action on climate change, beginning Canada's transition to an electric future and taking action on mitigation of climate impacts.

The second is the protection of minority rights, in particular the rights of women. We have seen, in the U.S., systematic and deliberate erosion of the rights of women. MAGA-style politics is the basis for a lot of the current conservative approach. When I was watching The Handmaid's Tale with my wife, some of the flashbacks they showed hit a little too close to home, where we could see that kind of Christian nationalism taking form in the United States at this very moment. I want to talk about my Bloc colleagues as well. They are leaders on the separation of church and state, and I would like to work with them more collaboratively on how to make sure we continue that fundamental differentiation in Canada.

Last, the Trudeau government had an amazing response to the COVID pandemic. In hindsight, of course, our vision is 20/20. At the time, I was with the City of Hamilton, and we were dealing with the most profound public health crisis of the past century. From vaccines to taking concrete steps and leadership around the world in the face of a crisis, I think this will stand the test of time as being one of the shining moments for Canada. That brings me to the need for true leadership in a time of crisis.

There has been economic momentum in Canada, with Canada having the strongest fiscal position in the G7, among the highest employment growth, the second-highest GDP, inflation within the Bank of Canada's target range and wage growth exceeding inflation. We are the most tax-competitive jurisdiction for new business in the G7, and we have the lowest marginal tax rate. We have the lowest debt-to-GDP ratio in the G7, and not just by a little bit. It is five times lower than Germany's and 10 times lower than the United States'. We have the best credit rating; record-high oil and gas production; record-high global investment, the highest in the G7, double that of the U.S.; and a 40% increase in non-U.S. trade in the last few months.

We are making investments to maintain this momentum. Locally in Hamilton, we are supporting workers with a regional tariff response plan, buy Canadian procurement policies and protections against unfair foreign steel dumping, and we are making major investments in Canada's economy, not for the next year or the next election cycle but for the next century.

We have invested $115 billion in infrastructure, including the $51-billion build Canada strong fund; $25 billion in housing, including $13 billion on build Canada homes, modernizing modular construction and supporting the housing industry; $30 billion toward defence and industrial strategy, currently at 2% of GDP, with a goal to be at 5% within five years; and $115 billion of investment in productivity, innovation and trade diversification.

We are taking fiscal responsibility for Canada's finances. We are balancing the operating budget within three years, a $60-billion savings target, and we are already $11 billion lower than targets. On top of all of this is diversifying Canada's trade, making real investments to diversify our reliance on one single trading partner, the United States. That work is already showing dividends right now, because Canada is not broken. Our challenges exist, but we are defining our own path.

With respect to federal affordability measures, we have also cut income tax. We have provided relief on gas prices by removing the consumer carbon tax, saving consumers 18¢ a litre, and by suspending the federal fuel excise tax, saving consumers 10¢ a litre.

All of this is, as I said, in the context of ongoing global conflicts. Canada is facing real challenges, such as global instability, tariffs and economic uncertainty, but Canada also has enormous strengths, which our government is leveraging: strong institutions, skilled workers, natural resources, industrial capacity, and innovation and research. The spring economic update focuses on protecting Canadians while preparing for the future, because we are optimistic about Canada's future, we are optimistic about Hamilton's future and we believe in Canada and Canadians.

[Steven Bonk, Conservative, Souris—Moose Mountain, SK]

Mr. Speaker, we heard a lot in that speech. A lot of it did not make sense. A lot of it nobody on this side could relate to or understand.

The member talked a lot about the rights of his citizens, and we know the citizens in his area are suffering an affordability crisis. We know they are suffering a drug crisis, a housing crisis, an affordability crisis, a revenue crisis and an income crisis. In his speech, he even managed to disparage Christians in this country.

I have a simple question for him. If he is talking about the rights of the citizens in his riding, I think it is a right of every citizen to have access to their MP. When will he open his office? We are a quarter of the way through the mandate. He has been here a year and his office is still closed.

[John-Paul Danko, Liberal, Hamilton West—Ancaster—Dundas, ON]

Mr. Speaker, the Conservatives just love their conspiracy theories.

Our government is investing in affordable housing.

[An hon. member]

What is the street address?

[John-Paul Danko, Liberal, Hamilton West—Ancaster—Dundas, ON]

It is 1686 Main Street West, unit 3, where it has always been.

Mr. Speaker, our government is making generational investments to make sure that residents have the opportunities they deserve in Hamilton and communities across Canada.