Is Canada poorer than Alabama? New article in 'The Economist' stirs fierce debate in Parliament
During question period in the House of Commons on Thursday, Conservative MP Michael Chong shared some recently published data from financial publication “The Economist” that according to Chong, stated that “Canada is poorer than Alabama.” “(From) this week's Economist: quote, ‘Were Canada's ten provinces and three territories an American state, they would have gone from being slightly richer than Montana — America's ninth poorest state — to being a bit worse off than Alabama, the fourth poorest,” Chong said. Liberal MP Terry Beech responded saying “The conservatives are very careful with the statistics they choose to share. If they want a comparison to the United States, we might start with health care or dental care or pharmacare or child care. But if they want to focus on the economy, then they might focus on the fact that we have a lower deficit, that we have lower debt servicing costs, that we pay lower interest rates than America does, that we have higher forecast economic growth” Chong responded saying “These statistics aren’t coming from Conservatives. They're coming from credible financial experts at the Financial Times of London and The Economist — two organizations for which the finance minister once worked and surely the government isn't suggesting these organizations are biased.” For more info, please go to https://globalnews.ca/news/10778314/canada-economy-gdp-july-2024/ Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Like Global News on Facebook HERE: http://bit.ly/255GMJQ Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB #GlobalNews
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Channel: Global News
During question period in the House of Commons on Thursday, Conservative MP Michael Chong shared some recently published data from financial publication “The Economist” that according to Chong, stated that “Canada is poorer than Alabama.”
“(From) this week's Economist: quote, ‘Were Canada's ten provinces and three territories an American state, they would have gone from being slightly richer than Montana — America's ninth poorest state — to being a bit worse off than Alabama, the fourth poorest,” Chong said.
Liberal MP Terry Beech responded saying “The conservatives are very careful with the statistics they choose to share. If they want a comparison to the United States, we might start with health care or dental care or pharmacare or child care. But if they want to focus on the economy, then they might focus on the fact that we have a lower deficit, that we have lower debt servicing costs, that we pay lower interest rates than America does, that we have higher forecast economic growth”
Chong responded saying “These statistics aren’t coming from Conservatives. They're coming from credible financial experts at the Financial Times of London and The Economist — two organizations for which the finance minister once worked and surely the government isn't suggesting these organizations are biased.”
For more info, please go to https://globalnews.ca/news/10778314/canada-economy-gdp-july-2024/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on X HERE: http://bit.ly/1Toz8mt
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Video length: 4:14
Category: News & Politics
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Channel: Global News
During question period in the House of Commons on Thursday, Conservative MP Michael Chong shared some recently published data from financial publication “The Economist” that according to Chong, stated that “Canada is poorer than Alabama.”
“(From) this week's Economist: quote, ‘Were Canada's ten provinces and three territories an American state, they would have gone from being slightly richer than Montana — America's ninth poorest state — to being a bit worse off than Alabama, the fourth poorest,” Chong said.
Liberal MP Terry Beech responded saying “The conservatives are very careful with the statistics they choose to share. If they want a comparison to the United States, we might start with health care or dental care or pharmacare or child care. But if they want to focus on the economy, then they might focus on the fact that we have a lower deficit, that we have lower debt servicing costs, that we pay lower interest rates than America does, that we have higher forecast economic growth”
Chong responded saying “These statistics aren’t coming from Conservatives. They're coming from credible financial experts at the Financial Times of London and The Economist — two organizations for which the finance minister once worked and surely the government isn't suggesting these organizations are biased.”
For more info, please go to https://globalnews.ca/news/10778314/canada-economy-gdp-july-2024/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on X HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews
Video length: 4:14
Category: News & Politics
85 comments
