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Canadian Prime Minister Mark Carney strongly defended his government’s economic performance during a heated clash in Parliament with Opposition Leader Pierre Poilievre. Carney rejected criticism linking Canada’s economic struggles to Donald Trump and global instability, arguing that Canada is outperforming the United States in key areas such as inflation control, wage growth, and employment. The fiery exchange has intensified political tensions ahead of crucial economic debates in Canada.

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00:00Mr. Speaker, what the Liberal policies are delivering is wages.
00:07Wages for Canadians that are growing faster than inflation.
00:11What the government's policy is delivering is inflation lower in Canada than the United States.
00:16What the Liberal government's policies are delivering is female employment
00:21that is five percentage points above the United States.
00:24This country is working. We're moving forward. He's trying to hold it back.
00:28The Honourable Leader of the Opposition.
00:30Things are great for the Brookfield class, Mr. Speaker,
00:34for those who stash their cash in offshore tax havens and take government handouts getting rich.
00:39But for the rest of Canadians, here's what Equivac says.
00:43Insolvency volumes have increased to levels not seen since 2009, up 19 percent year-over-year.
00:49Balanced delinquency rates climbed 32 percent year-over-year.
00:52Q1 saw insolvency volume hit 17-year highs, partly due to escalating financial strain on mortgage holders.
01:02Mr. Speaker, things are so good at affordable.
01:04Why is it that 1.5 million Canadians missed at least one essential payment in the first three months of
01:10the year?
01:15Mr. Speaker, Mr. Speaker, this government is moving forward this economy in the face of a global energy crisis,
01:26in the face of a tariff crisis, in the face of wars.
01:30This country is the second strongest economy in the G7.
01:35We are growing strong.
01:37We have the strongest fiscal position in the G7.
01:40We have a plan.
01:42Canada has a bright future.
01:48Mr. Speaker, the Prime Minister must respect democracy.
01:55Yesterday, he did the opposite by announcing that he would use the Clarity Act to interfere in Alberta's referendum question.
02:01Any province or Quebec has the right to ask its citizens the question of its choice in a referendum.
02:06Citizens have the right to answer freely.
02:08And the majority wins with 50% of the votes plus one.
02:10This concerns only two groups, the government that asks the question and the citizens who answer it.
02:15That is democracy.
02:16It's that simple.
02:17Will the Prime Minister respect that?
02:22The honorable Prime Minister.
02:24Mr. Speaker, I am the Prime Minister.
02:27As Prime Minister, I need to respect the advice of experts.
02:31I've just heard from the Council of Experts on the applicability of the Clarity Act, and it does not apply
02:39on the question on the question in Alberta.
02:42But in the Clarity Act, you need to have a clear expression of a will by a majority, a clear
02:50majority of the people in the province in order to have a sincere vote, a sincere succession vote in Canada.
03:00The Honourable Member for Saint-Jean, Mr. Speaker.
03:04Respecting democracy means avoiding interfering in referendum questions, but mostly it means avoiding interfering in the citizens' response.
03:12A clear majority is 50% of the votes plus one.
03:15The Prime Minister knows this.
03:16All his laws are passed with 50% plus one.
03:19His majority depends on 50% plus one.
03:22Even his Parliamentary Secretary for Justice said the rule is 50% plus one.
03:27That is democracy.
03:29Except for a referenda, because of the Clarity Act.
03:32Will the Prime Minister repeal this authoritarian overreach?
03:39The Right Honourable Prime Minister.
03:40Mr. Speaker, you have to respect democracy.
03:44You have to respect parliamentary legislation and the decisions of the Supreme Court of Canada.
03:50Under the Clarity Act, the House of Commons must consider the following factors to establish this determination of a clear
03:59vote.
03:59The scope of the majority that are valid, expressed in favour of the successionistic option and the percentage of eligible
04:10electors who took part in the referendum.
04:12It is not 50% plus one.
04:17The Honourable Member for Rivière-du-Nord.
04:21Mr. Speaker, there is no place in a democracy for a law that does not respect the will of the
04:27people expressed by 50% of the votes plus one.
04:30There is no place in a democracy for a law that overturns the people's decisions by claiming after the fact
04:36that either the question or the result of the vote was not clear enough.
04:40There is no place in a democracy for a law that flouts the rules of the ballot when the result
04:45just doesn't suit the government.
04:47This is an authoritarian overreach we must avoid.
04:50Will the Prime Minister finally repeal the anti-democratic law on referendum clarity?
04:57The Right Honourable Prime Minister.
05:01Mr. Speaker, we respect the laws of Canada.
05:06The Clarity Act is clear.
05:09At the same time, we respect the will of Quebecers, that is, to build a strong, resilient Quebec within a
05:19strong and resilient, independent Canada.
05:22The Honourable Leader of the Opposition.
05:24The Prime Minister is fond of blaming the rest of the world for the terrible economy he has created here
05:29at home.
05:29But the other G7 countries face tariffs and high oil prices, and none of them have anywhere near the level
05:36of household debt here in Canada.
05:38By far, Canadian households, with $1.77 of debt for every dollar of income, are far more indebted than any
05:45other country.
05:46In fact, a third higher than the second worst.
05:49I quote Equifax,
05:50The missed payment levels highlight severe financial strain in high-priced markets, with mortgage delinquencies up 52% in Ontario,
05:5936% in BC.
06:01If people are doing so well under his leadership, why are they missing their mortgage payments?
06:07The Honourable Secretary of State for Financial Institutions.
06:12Mr. Speaker, will that leader's focus on podcasts, fitness videos and empty parking lot press conferences?
06:19On this side of the House, we're focused on delivering affordability for Canadians.
06:23We just paused the federal excise tax on gas, $0.10 a litre.
06:27We cancelled the consumer carbon tax, that is $0.18 a litre.
06:32Combined, that is $0.28 a litre savings for Canadians.
06:36Time for that leader to put down the kettlebells, help us build Canada strong.
06:40Thank you, Mr. Speaker.
06:42The Honourable Leader of the Opposition.
06:45Come on, the Prime Minister could have done better than that, wouldn't he?
06:49Come on.
06:50If he's going to hide under his desk and get someone else to speak in his favor, he's got to
06:55get something better than that.
06:56That's about as good as his economic policies, Mr. Speaker.
06:59He owes Canadians answers.
07:01The reality is that we have the highest household debt of any G7 country, by far.
07:07And we've seen that in the first quarter of this year, there has been a 19 percent increase in year
07:13-over-year delinquencies.
07:15Canadians cannot make their minimum payments.
07:18Instead of smirking and hiding behind his back bench, will the Prime Minister stand up and announce a reverse course
07:23so Canadians can pay their bills?
07:26The Honourable Minister of Jobs and Families.
07:34One moment, we'll wait, we'll wait.
07:36Okay, the Honourable Minister of Jobs and Families.
07:39Mr. Speaker, this afternoon I had lunch with Sean Strickler from the Canadian Guild.
07:46All right, I couldn't hear who the Minister had lunch with.
07:50So she can start from the top.
07:52She can start from the top.
07:53I didn't hear who the Minister had lunch with because there was too much noise on this side.
07:57It matters to me.
07:59It matters to me.
08:00I'd like to know.
08:01The Honourable Minister of Jobs and Families.
08:05Well, since those guys don't know how to pick up a cheque, in fact, I paid for lunch and I
08:09took Sean Strickland,
08:10President of the Canadian Building Trades Union, out for lunch.
08:14Do you know why, Mr. Speaker?
08:15Because we want to hear their ideas about how we make sure that these good union jobs,
08:21that, by the way, employers need all across the country, come to fruition.
08:25And, Mr. Speaker, the Canadian Building Trades Union, the operating engineers who are here in Ottawa today,
08:31are all so excited about the plan to build Canada strong, to get major projects off the ground,
08:37using good union labour that provides great paying jobs, something that I know they're going to…
08:42The Honourable Leader of the Opposition.
08:46Canadians are skipping lunch because they can't afford to pay their bills,
08:51while this Prime Minister and the Brookfield class skip their tax bills.
08:56Meanwhile, here at home, Mr. Speaker, here's the reality.
09:00Equifax is out this week with a new report.
09:03This is the organisation that checks the credit scores of individual Canadians,
09:07saying that insolvency volumes have increased to levels not seen since 2019, 18 years ago.
09:14Mr. Speaker, will the Prime Minister announce that he will reverse the inflationary, debt-ridden policies
09:20so that Canadians do not go bankrupt?
09:23The Honourable Minister.
09:26Mr. Speaker, last week I was in Marathon Ontario to talk about mining.
09:31There's a mining boom in Northern Ontario, something I think these guys are not aware of.
09:35And you know what came up over and over and over again?
09:37The gratitude for a government that's taking seriously the investment into natural resource extraction in Northern Ontario,
09:44that's helping provinces in the country get natural resource projects off the ground,
09:49and the need to invest in the skilled trades workers that, by the way,
09:54create the great jobs with pensions in hard-working environments,
09:58something I think that member doesn't really understand.
10:00The Honourable Leader of the Opposition.
10:02Mr. Speaker, we have 3.1 million Canadians will renew their mortgages over the next two years
10:08into much higher rates after this Liberal government, in particular this Liberal Prime Minister,
10:13advising people to take on extra debt with the promise that rates would be low for long.
10:19Now the chickens are coming home to roost with rate increases that threaten more and more people with the loss
10:27of their homes.
10:27In the first three months of this year, 1.5 million Canadians missed a payment on a credit card or
10:34a mortgage.
10:35Will the Prime Minister announce that he's reversing the inflationary high-tax policy so Canadians keep their homes?
10:41The Honourable Minister of Energy and Natural Resources.
10:45Mr. Speaker, instead of the Leader of the Opposition lifting kettlebells, maybe he should come to Kitimat and see where
10:50we're building new LNG facilities.
10:52Maybe he should come to Dees Lake where we're building the biggest mines in the world.
10:58Maybe he should come to Darlington where we're building new nuclear reactors.
11:02Maybe he should come to Nova Scotia where we're building new projects.
11:05Maybe instead of talking down Canada, he should start coming to see how we're building Canada.
11:11The Honourable Leader of the Opposition.
11:14Bringing down Canada, Mr. Speaker, it doesn't help the Canadians who can't pay their bills for that minister to get
11:20up and take credit for projects that were approved 14 years ago, Mr. Speaker.
11:25Nor does it help when the Prime Minister of Canada refuses to even stand on his feet and defend his
11:31disastrous economic record at a time when our households are by far the most indebted anywhere in the G7.
11:38Why? Because they've blocked projects, because they've raised taxes, because they've caused inflation and the highest housing costs in the
11:45entire group of seven nations.
11:47Will the Prime Minister reverse these inflationary policies before Canadians lose their homes?
11:52The Honourable Government House Leader.
11:55We know, Mr. Speaker, why this member asks all the questions is to save him writing the questions out for
12:01all of the other members of the bench that don't get to ask the questions.
12:05But while we're asking questions, when is that member going to answer why he would refuse saving thousands of dollars
12:13for Canadians on childcare?
12:16When is he going to justify his opposition to reducing taxes for Canadians?
12:23When is he going to justify his opposition to creating the Canada Child Benefit?
12:28All of these things save Canadians thousands of dollars. Why is he against them?
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