House Hansard - 84

44th Parl. 1st Sess.

June 8, 2022 02:00PM

Jun/8/22 10:53:19 p.m.
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Re: Bill C-19

Madam Speaker, we are debating this evening, it is late, and I have the utmost respect for my other colleagues here in the House. I commend their dedication to democracy. We are here to debate the 2022 budget implementation bill. I would like to begin by thanking the interpreters for their service, especially when I am giving a speech in broken French. This is the second or third time I have spoken about the budget initiatives. As is typically the case when I rise in the House, I have chosen to focus my speech on certain topics. Tonight, those topics are Ukraine, affordability and the energy transition, new technologies and the importance of modernizing our regulatory system. First, though, I want to say that I am a member of the House of Commons soccer team, which was started by my hon. colleague from Parkdale—High Park. This evening, we played a game against the British High Commission. Unfortunately, our team lost, but I think it is very important to put the match on the record. We lost by a score of three to one, with our only goal scored by the member for Lac-Saint-Jean. The Bloc Québécois members were very proud of their member, who got an assist from a Liberal, the hon. member for Parkdale—High Park. Future historians will understand what happened on the grounds of the Supreme Court during that game, a little break from the serious activities taking place here. There have been many conversations here in the days and weeks following Russia's invasion of Ukraine. In this bill, I am very proud of the assistance our government is providing in the form of an estimated $1‑billion loan. This is an important loan, of course, but so is military equipment and humanitarian aid. I think that it is very important for this government and all parliamentarians to continue supporting Ukraine, because Ukraine is fighting for us right now and for international order based on respect for western values. I am very proud of this reality. The Standing Committee on Agriculture and Agri‑Food studied the issue of global food insecurity. I think it is very important for all parliamentarians and all Canadians to understand that Russian soldiers targeted infrastructure in Ukraine that is crucial for the agricultural system. The consequences of this destruction represent a threat for many people around the world, whether in Canada, in countries with weak systems such as Egypt, or various countries in Africa and Asia. With respect to our diplomatic efforts around the world and our capabilities and expertise in the agriculture and agri-food sector, I had the idea that the Minister of Foreign Affairs could appoint a special envoy to work with our allies and coordinate efforts in this area. With respect to affordability, we currently have a strong economy, our GDP growth is impressive and, with the current economic recovery, the hardships we faced during the pandemic are well behind us. I believe that this budget strikes a good balance between the importance of bringing forward different projects and measures to meet the needs of Canadians and the importance of keeping the fiscal framework intact. The budget looks solid. Of course, inflation is a problem. Yesterday, on opposition day, the Conservatives proposed various measures to address inflation. However, inflation has multiple causes and is a global problem. First, there are supply chain issues. Second, there are major demographic changes across Canada and in other western countries. Baby boomers will soon retire. Some already retired during the pandemic. According to a Statistics Canada survey, there are approximately one million job vacancies. It is therefore important to facilitate immigration. Temporary foreign worker programs are also very important. The war in Ukraine, rising food prices and disruptions in trade exchanges have also exacerbated inflation. There are also problems with liquidity. At the height of the pandemic, governments around the world responded in a reasonable way to help their citizens. Naturally, injecting liquidity also drove up inflation. On some of the Conservative proposals we saw yesterday, it is important to raise the question of affordability but they were not very targeted. The Conservative Party certainly brands itself as being very fiscally mindful of the situation. What it proposed yesterday on the GST really was going to be rewarding individuals who do not need it. It would be rewarding individuals in this House who make, in some cases, four times the average Canadian salary. Why should we be eligible for that? Why should high-income Canadians be eligible? They are not the ones who need help right now. The government needs to look at addressing affordability as we move forward. Of course, the budget was introduced a number of months ago. We need to address situations as they evolve, but we need to be mindful of balancing the fiscal framework and being targeted at Canadians who really need the help and not have these broad tax relief measures for Canadians who do not necessarily need them. It is important we understand the Bank of Canada is responsible for helping control inflation. We will see increased interest rates in the days ahead. It is something we should all be mindful of, and frankly, be bracing for. There are some Canadians who hold a lot of private debt and that will be a challenge in the days ahead. The government should focus on the supply side. Part of the challenge right now is the fact that there is not enough supply for certain demand, which is also driving some of these different prices higher. I did not get much of a chance to talk about it, but let me just say how important the Atlantic Loop is. As a Nova Scotian MP, this is crucial for our energy future. It is great to see initiatives in the budget that will focus on grid transmission and upgrades. I am going to continue to talk about small modular reactors. We need to continue to drive that. I was pleased to see some initiative in the budget for it. Hydrogen, biofuels and natural gas are all going to be important elements as transition fuels and in the longer term to 2050. I am going to leave it at that. I cannot wait to hear from all of colleagues. I know they have been captivated by my remarks.

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House Hansard - 84