Parliamentary Speeches
998 speeches by François-Philippe Champagne — Page 5 of 20
Government Orders
Madam Chair, I am sure the member will appreciate that the government's first order of business was to reduce taxes for 22 million Canadians. There are people in her riding watching tonight, and they will be happy to see that she voted to reduce their taxes and support the Liberal government.
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Mr. Chair, it is very public. I know that the hon. member is a very experienced member. He is a man who knows the numbers. If he looks at “The Fiscal Monitor”, which is a great document—
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Mr. Chair, I know that the bond market cares a lot about the AAA credit rating, which is what Canada has to offer. I can tell the member that the markets are very appreciative of Canada.
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Madam Chair, the member is an experienced member. He would have seen in “The Fiscal Monitor” that the deficit in the budget from April 2024 to March 2025 is at $43.2 billion.
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Madam Chair, I am happy to confirm what the member can read in “The Fiscal Monitor”. The number in “The Fiscal Monitor”, from April 2024 to March 2025, in terms of a budget deficit, is $43.2 billion.
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Mr. Chair, the colleague will be very happy when we table the budget in the fall. He will have a chance to review that. For now, what I can say is that “The Fiscal Monitor”—
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Mr. Speaker, first, I would like to congratulate my colleague on his election and his very important role as parliamentary secretary to the Minister of Industry. I just listened to an eloquent speech. I think we can all agree that the member gave a very thoughtful speech, in which he raised a number of important issues. I am proud to have him as a colleague in caucus. We will learn a lot from him.…
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Mr. Chair, we said we would be presenting a great budget, and I know the member will have—
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Mr. Chair, the member will be very happy tonight, because she will learn that Canada has the lowest debt-to-GDP ratio in the G7. It is a great position to be in, and we will—
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Mr. Chair, the number is in the document.
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Mr. Chair, I am sure the member can find this number in the estimates, and she can look at “The Fiscal Monitor”.
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Mr. Chair, the answer is that Canada has an AAA credit rating. It is a great position to be in.
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Madam Chair, I do not need to confirm what is being done in the United Kingdom. It is public information.
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Madam Chair, the member would know that we are very fiscally prudent, and with our team, we are managing the finances of Canada in the way that we are bringing—
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Mr. Chair, “The Fiscal Monitor” for April to March 2025 stated $43.2 billion. The member would be able to see it. It is public.
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Mr. Chair, I am impressed that the member has been listening to the Liberal campaign, and she can draw her own conclusions.
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Mr. Chair, Canadians watching at home tonight, and I know there are many, want to understand the difference between expenses and investments. If a person buys groceries, they spend, and if they buy a house, they invest.
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Madam Chair, we have tried to reduce the use of consultants and focus on the ample expertise and experience available to us within the Canadian public service.
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Madam Chair, as I have already said, we want to do more with regional and local media. It is a concern, as I said. The member should be happy. I am answering his question by going to the heart of it. I am saying that I am concerned about this issue. I have talked to people in the industry. It is a cordial question. I am even reaching out to the member so that he can make suggestions to the Standin…
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Mr. Chair, as I said, my hon. colleague is a very experienced member of this House. I have already answered that question, saying that we have collected $1.7 billion. These sums will be used to support our workers and our industry.
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Mr. Chair, we would hope that by that time, there would be no tariffs imposed on Canada.
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Mr. Chair, I will come back to an example that folks will be very familiar with. They know that, when they do their groceries, they spend, and when they buy a house, they invest—
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Mr. Chair, it is public, and I would be happy to, but there will be more questions. I am sure the member can look at the estimates, and she would know.
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Madam Chair, my colleague will be pleased to see that in the estimates that we published, the Canada health transfer will increase by $2.6 billion. That is going to be important to support—
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Madam Chair, my colleague will be happy to learn that in fiscal equalization, we will have an increase of $916 million, so they are going to be transferred to support—
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Mr. Chair, I know he is anxious. It is going to come in the fall, and it is going to be great. We just have to be a bit patient, but it is going to be great. He is going to like it. I see it in his face.
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Mr. Chair, we have been very clear during the campaign that we will lay that out very simply. However, I can say that, when a person buys groceries, they spend, and when they buy a house, they invest.
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Mr. Chair, as I said, when we lay out the budget, it is going to be very clear what are expenses and what is capital, and I know the member—
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Madam Chair, my colleague will have to wait for the budget to be tabled. I know that he is looking forward to it. It is coming in the fall. When fall arrives, he will be very happy to see a budget that will build a strong and ambitious Canada.
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Madam Chair, my colleague will be happy to learn that the public debt chart is a percentage of nominal GDP. If he looks at the last few years, more than a decade, he will see it is always around 1.5%. This is going to be—
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Madam Chair, the member would be pleased to see that in 2023-24, the percentage of the public debt chart, as a percentage of nominal GDP, was 1.8%. This is a great position to be in as a country—
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Mr. Chair, that is not what I said. Seven is seven, and I know the member is able to count to seven.
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Madam Chair, again, the member will be very pleased to know that there are only two countries in the G7 that have a AAA credit rating and that Canada is one of them. He should be very proud of that.
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Madam Chair, I hope that the member will have seen that this is a new government with a new Prime Minister: a government with ambition, a government that wants to build a Canada strong and a government that is going to build the infrastructure that is going to be needed to be resilient in the economy—
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Mr. Chair, the member will be pleased to know that the United Kingdom also divides between operating expenses and capital. She would know that other G7 countries are doing that.
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Madam Chair, the member for Mirabel knows things. What we want is to avoid having tariffs. To date, we have already collected $1.7 billion, but the end goal is to have no tariffs. That way, there will be no retaliatory measures against the tariffs imposed by the United States. We will always be there to defend industry.
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Madam Chair, my colleague would be pleased, because I know he is a man who likes the numbers, to see that we have the lowest debt-to-GDP ratio in the G7, a great position—
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Madam Chair, the member should take comfort in the fact that Canada has the lowest debt-to-GDP ratio in the G7 and has a AAA credit rating. Only Germany and Canada, of the G7 countries, have that rating, so it is a great position to be in.
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Mr. Chair, it is public, but as of the projection for 2024-25, it was 41.9%.
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Mr. Chair, the member is a very experienced member, but the number is $1.27 trillion.
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Madam Chair, my colleague raised a very important question. The Prime Minister has been clear from day one that we are going to fight. We are going to fight the unjustified and illegal tariffs that have been imposed on Canada, on our communities, on our workers and on our industries. At the same time, we are going to protect our workers and our industries, because we said we will have their back; …
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Madam Chair, my colleague knows full well that things move quickly where tariffs are concerned. That is why I told him that we had already collected $1.7 billion. We want to be clear that our objective is to fight for an end to tariffs. Then there would be no need for retaliatory measures. My colleague understands that well. That is why we said we would reinvest everything we collect in defending …
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Madam Chair, my colleague will be pleased to learn that the tax cut we have offered is going to help 22 million Canadians, and obviously a number of Ontarians. I am happy he voted in favour of that particular—
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Mr. Chair, all Canadians expect and hope that by September, we may not have to collect any tariffs. The Prime Minister has been clear that we are going to fight. We are going to protect and build this country.
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Madam Chair, the member would appreciate that by reducing taxes, we are helping all Canadians. The measure we just announced will help 22 million Canadians.
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Mr. Chair, in this House, what we all want is to have no tariffs on Canadian industry or workers, because this is affecting our economy. It is affecting communities across the country—
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Mr. Chair, again, in May, the unemployment rate in Canada was 7%. That is a public figure.
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Mr. Chair, the member will be able to see that when the tariffs have been collected. We always render the number publicly, but so far it has been $1.7 billion.
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Mr. Chair, we might as well be precise. The federal debt, from “The Fiscal Monitor” for April to March—
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Mr. Chair, we want to build a resilient economy, so by building a resilient economy, obviously we would expect that the unemployment number would remain steady, because we want to build a very sustainable—
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