eCONOMIC RESILIENCE & PROSPERITY
The current approach of deficit spending is unsustainable. High debt loads, both sovereign and personal, become dangerous when an economic downturn occurs. According to a report by the Fraser Institute, upon completing his term in 2019, Justin Trudeau is projected to be the largest accumulator of federal debt per person. Per-person debt will increase by 5.2% to $32,589.
Deficit spending since 2015 has not delivered on the foundational change that will ensure a better Canada for tomorrow. Our GDP grew by just 0.1% in the fourth quarter of 2018, the worst quarterly performance in two and a half years. Housing fell by an annualized 14.7%, the biggest drop since 2009. The most alarming – business investment fell to an annualized 10.9% — the third straight quarterly decline.
Most experts expect an economic slowdown in the coming year. The current Liberal deficits are due to high spending at a time when national revenues have actually increased. That means Canada’s deficits will balloon further when revenue drops due to the coming downturn. Continuing on this path will jeopardize Canadian society’s ability to support vital programs and critical infrastructure, make interest payments and bring down the national debt.
I encourage you to click through the links below to see what I have been doing as the Member of Parliament to ensure this important federal priority is heard in the riding and in Ottawa.
January 7, 2020
Canada's Economic Health
Canada’s Economic Health
On December 16 the Liberal Government issued Canada’s Fiscal Update – the report card on the health of Canada’s economy. According to the Finance Minister, Canada’s economy is ”strong and growing with some challenges”. But the facts about Canada’s economy call into question the use of “strong and growing” as descriptors. However, what should be of greater concern to Canadians are the approaches that are being employed to address the “challenges”. They may leave Canada even more financially at risk in the long term. So, what can Canadians do? Perhaps, we must look past the rhetoric...
June 8, 2019
Defending Canada’s Arctic Sovereignty and Nation Building for the Future
In 1867, Canada embarked on a great nation building project. We united as a country and built a railway that connected the country from east to west, bringing security and opportunity to what has become a vital heartland of our nation. It wasn’t easy. It took great leadership, courage and sacrifice – but much of the economic success Canada enjoys today would not have been possible...
December 3, 2018
Member’s Statement on Canadian Jobs & Economic Security
November 29, 2018 – Mr. Speaker, the Prime Minister has arrived in Buenos Aires for the G20 summit, where leaders of the industrialized world will discuss international financial stability. The timing of this summit could not be more critical for Canadians, as our own economic security is increasingly at risk.
This week alone, we Conservatives led two emergency debates, one in response to the crushing job losses from the closure of the Oshawa General Motors plant and the other to demand immediate...
November 1, 2018
NAFTA to USMCA, Not Just the Loss of “Free” Trade
Recently the Liberal Government agreed to the next version of NAFTA, now called the USMCA. How should the success of this new trade agreement be measured? To adequately evaluate the new agreement, the following three issues should be considered:
Loss of Sovereignty vs. Trade Deal
The USMCA is not just a simple free trade agreement between states, it also contains clauses that constrain Canada’s freedom to set our own political and economic agenda; our sovereignty. Chapter 33 limits Canada’s independence...
July 19, 2018
Speech: NATO Association of Canada Summer Soiree 2018
TORONTO – I want to thank the NATO Association of Canada for inviting me here today. And for everything they do educate and engage Canadians about NATO and ensure that we have informed citizens who are able to contribute to our discussions on Canada’s defence and security and our role on the world stage! And thank you to the NATO Association of Canada interns – who I know were instrumental in organizing this incredible event. And thank you – to all of you here on this beautiful summer evening who have taken the time to discuss Canada’s security...
May 25, 2018
Young Leaders Poland Youth Forum
WARSAW – We are here today to exchange ideas and experiences from someone like me, a Canadian Member of Parliament, with all of you – the bright young minds and future leaders from across Poland.
I am in Warsaw because I am leading the Canadian delegation of the NATO Parliamentary Association, and we have bunch of meetings, but truth be told, I am more excited to be here with you today! One of my key priorities...
June 29, 2017
Leksand, Sweden Delegation Visit
AURORA – Good morning everyone!
It is a privilege to be here today as the other Federal Government of Canada representative for Aurora – yes, Aurora has two! – to welcome our municipal delegation from Leksand, Sweden on the occasion of your visit the Town of Aurora.
Canada and Sweden have much in common. We share similar values and passions, – not the least of which...