Trudeau jabs Poilievre over “disastrous byelection”; Conservatives warn of mortgage defaults

A lively exchange between Prime Minister Justin Trudeau and Opposition Leader Pierre Poilievre about rising interest rates in Ottawa on Tuesday drew a strong reaction in the House of Commons, leading to House Speaker Anthony Rota stepping in to ask members “not to call each other names.”

“Family debt in Canada is bigger than our entire economy, prompting our banking regulator today to force banks to take on more of a rainy day fund to face down future defaults that they expect will rise as a result of growing interest rates,” Poilievre said. “Will you balance the budget to bring down inflation and interest rates so Canadians can keep their homes?”

Trudeau responded with a jab about Poilievre, saying “he’s just continuing his attacks to try and distract from his underwhelming election results he got last night,” referring to four federal byelections that will keep the status quo in the House of Commons, according to Tuesday results.

“What is overwhelming is the debt that he’s imposed on the backs of hardworking Canadians,” Poilievre retorted, while Trudeau claimed that Poilievre quickly “pivoted away” from the “disastrous byelection results” of last night.

For more info, please go to https://globalnews.ca/news/9779220/canada-june-byelections-results-2023/

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