Bank of Canada Confirms That Trudeau’s Spending Is Keeping Interest Rates High

Bank of Canada Confirms That Trudeau’s Spending Is Keeping Interest Rates High

Bank of Canada Confirms That Trudeau’s Spending Is Keeping Interest Rates High

Ottawa, ON – After nine years of Justin Trudeau, life has become unaffordable. Trudeau’s inflationary spending and taxes have driven up the cost of everything, forcing the Bank of Canada to slam on the breaks with the fastest increase in interest rates in Canada’s history.

Today, the Governor of the Bank of Canada, Tiff Macklem, confirmed that Trudeau’s $61 billion in new spending is “not helpful” in bringing inflation down and lowering interest rates. This means that the Bank of Canada will have to keep their interest rates at their current level for longer, at a time when millions of Canadians are beginning to renew their mortgages. Trudeau just isn’t worth the cost.

The Governor also warned Canadians that unaffordable housing will continue into the future. This follows a report from the Canadian Mortgage and Housing Corporation (CMHC) which confirmed that housing construction is plummeting. The Liberals simply aren’t building enough homes for Canadians to live in.

Before Trudeau announced his budget, the former Liberal Governor of the Bank of Canada, David Dodge, warned the Liberals that their spending is making it harder to bring down interest rates. But Trudeau has stopped listening. In the most recent budget, the Liberal Government added $61 billion in new inflationary spending, costing the average Canadian family an extra $3,687. Canada is now spending more on debt interest than on health transfers.

Canadians deserve a government that will stop Trudeau’s inflationary deficits and taxes that are driving up interest rates. Only Common Sense Conservatives will axe the tax, cap the spending, fix the budget and bring home lower prices for all Canadians.

Common Sense Conservatives Call For The Minister Of Fisheries To Listen To The Harvesters Of The Herring Fishery

Common Sense Conservatives Call For The Minister Of Fisheries To Listen To The Harvesters Of The Herring Fishery

Grand Falls – Windsor, NL – Clifford Small, MP for Coast of Bays-Central-Notre Dame and Shadow Minister for Fisheries, Oceans and The Canadian Coast Guard; Rick Perkins, MP for South Shore-St. Margarets and Shadow Minister for Innovation, Science and Industry; John Williamson, MP for New Brunswick Southwest; and Chris d’Entremont, MP for West Nova, released the following statement on the recent reduction of the herring Total Allowable Catch (TAC) in Southwestern Nova Scotia and the Bay of Fundy:

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Just The Facts: Canadians Feeling Hopeless After Nine Years Of Trudeau

Just The Facts: Canadians Feeling Hopeless After Nine Years Of Trudeau

Ottawa, ON – After nine years of Justin Trudeau, life has never been so hard for Canadians. Housing costs have doubled after Trudeau created the worst housing inflation in the OECD, while Canadians are having to pay $700 more for food this year than they did in 2023. Millions of people are having to rely on food banks to survive, including one in ten people in Toronto.

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