QUESTION PERIOD — Finance
Fiscal Management
November 6, 2025
Government leader, you’re very creative with your math, but the truth of the matter is this government, over the last decade, has had historic debt and historic deficits. No one will deny the historically high cost of living. We’ve been battling inflation. We have a crisis of scarcity. Young people have a hard time renting a house, buying a house. No one can deny that. There are historic lineups at soup kitchens. These are the facts.
We also know that when you overborrow, you overuse debt, it eventually has an impact on the buying power of your dollar. We know the state of the Canadian dollar over the last few months of the leadership of Prime Minister Carney and last few years under the leadership of Prime Minister Carney’s ministers. It’s a dismal existence for that dollar. Can you tell this chamber, government leader, which years the Canadian dollar last enjoyed being at par with the U.S. dollar? I’m curious if you remember those glorious years.
Instead of looking backwards, the government chooses to look forward because, unfortunately, if we look backwards, we see the Conservative government increasing the debt not only for Canadians — and this is accurate. But you know what? I will quote somebody who agrees with the government:
After serious consideration and thoughtful conversations with constituents and my family, I came to a clear conclusion: there is a better path forward for our country — and a better path forward for Acadie-Annapolis.
Prime Minister Mark Carney is offering that path with a new Budget that hits the priorities I have heard most in my riding, to build strong community infrastructure and grow a stronger economy.
This is Chris d’Entremont.
There should be an election so he can consult his —
Quoting Liberals to defend your budget is not going to get you anywhere, Senator Moreau. Let’s be honest now. You’re the one who, since the beginning of Question Period, has been looking back. I’m simply saying that if we look at those years under Prime Minister Harper from 2008 to 2013, not only was our dollar at par, but it was also, at various times in that period, stronger than the U.S. dollar because we had fiscal responsibility and a plan. When will your government start emulating fiscal responsibility like Prime Minister Harper and even Prime Minister Chrétien before him?
He already did by tabling a responsible budget. He did that the other day, and we’ll have the pleasure in the coming weeks to study the budget truthfully, and maybe one day you will agree with Chris d’Entremont.
