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Decentralized Democracy

House Hansard - 39

44th Parl. 1st Sess.
March 2, 2022 02:00PM
  • Mar/2/22 2:49:19 p.m.
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Mr. Speaker, the Bank of Canada has announced an increase in interest rates to deal with inflation. That is not going to help people who are struggling to buy groceries or help families who are struggling to find a home to call their own. When will the Prime Minister put forward a plan to help families who are struggling with the rising costs of living and to help families who are struggling to find a home or put food on the table?
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  • Mar/2/22 2:49:46 p.m.
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Mr. Speaker, inflation caused by this pandemic is happening around the world, but just like we did through this pandemic, we will keep having Canadians' backs. We have and we will continue to make life more affordable for families, seniors and the middle class with increases to the Canada child benefit that match the cost of living; with $10-a-day child care for families, which Conservative politicians voted against; with boosts to the GIS for vulnerable seniors; with more supports for students; and with investments in affordable housing. These are the things that we will continue to do to have Canadians' backs.
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  • Mar/2/22 2:50:23 p.m.
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Mr. Speaker, the Bank of Canada announced an interest rate hike to address inflation, but this will not help families who are struggling to make ends meet or families who are struggling to find affordable housing. Will the Prime Minister present a real plan to help families who are struggling to make ends meet?
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  • Mar/2/22 3:00:12 p.m.
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Mr. Speaker, today the Bank of Canada began to raise interest rates. I know the Prime Minister might be surprised, because it was he who famously once said that he does not think about monetary policy. Millions of Canadians will begin to see their mortgage and credit card interest rates go up, making life even more unaffordable for them. With inflation rising and interest rates going up, what is the Prime Minister's plan to address this inflation and affordability crisis in Canada?
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  • Mar/2/22 3:00:51 p.m.
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Mr. Speaker, we have been focused on having Canadians' backs for many years now. During this inflation crisis, which is caused by the pandemic and present all around the world, we are doing exactly that. We committed to lowering Canadians' cellphone bills by 25%. We did that. We committed to working with provinces and territories to cut child care fees in half this year. Families are already seeing real savings as a result. We committed to raising the federal minimum wage. It is now $15 an hour. By delivering on an enhanced Canada worker benefit, more families will benefit from that support. These are real supports that support Canadians. We will continue to deliver. Some hon. members: Oh, oh!
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  • Mar/2/22 3:01:47 p.m.
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Mr. Speaker, it is very clear that the Prime Minister still is not interested in monetary policy, but he has a keen interest in spending taxpayers' dollars. His out-of-control borrowing has left future generations with a massive debt, raging inflation and rising interest rates. Canadian families with mortgages and credit card bills are being left behind as life becomes more unaffordable. When will this Prime Minister take an interest in monetary policy, and when will he finally turn his mind to solving Canada's affordability crisis?
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  • Mar/2/22 3:02:26 p.m.
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Mr. Speaker, the Conservatives are once again caught in a terrible contradiction. They deplore the fact that the cost of living is going up for Canadians because of this global inflation crisis, yet they want us to do even less to help them out. We will choose to have Canadians' backs. We will choose to invest in child care. We will choose to invest in workers. We will choose to invest in supporting Canadians, because we know, as we saw through this pandemic, that the right kinds of investments in families now leave them better off years into the future.
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  • Mar/2/22 3:03:04 p.m.
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Mr. Speaker, that is just my point. This Prime Minister has spent more and achieved less than any prime minister in our history. He has forced our central bank to jack up interest rates and created a cost-of-living crisis that has put unbelievable pressure on Canadians. With skyrocketing house prices and rising interest rates, the dream of home ownership has become a pipe dream for Canadians. Inflation is rising, the cost of everything has gone through the roof, and now interest rates are on their way up. When will the Prime Minister take this crisis seriously and begin to take an interest in monetary policy?
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