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Decentralized Democracy

House Hansard - 100

44th Parl. 1st Sess.
September 22, 2022 10:00AM
Context: House Hansard - 100 - Sep/22/22
Hon. Randy Boissonnault
  • Sep/22/22 4:14:16 p.m.
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  • Re: Bill C-30 
Madam Speaker, the hon. member from the Conservative Party is completely wrong with his assertions. We are investing in the lives of 11 million Canadians and families, and we are doing so with $3.2 billion in new spending against a total size of our economy of $2.7 trillion. We are talking about just over 1/1,000th of the size of our economy. That will not keep inflation rising. Going from one economist to another, Trevor Tombe, who is one of the best economists the country has, said, “When you unpack the data to see what the drivers of inflation are, most of it, by a pretty wide margin, is tied to global factors...Canadian federal government spending or transfers or tax changes really wouldn't have a big effect.” We are doing the responsible thing by targeting measures, supports to those who need it the most, and making sure we are not increasing inflation to make the job of the Bank of Canada that much harder. We are focused on Canadians, with a real plan and real results.
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Context: House Hansard - 100 - Sep/22/22
Mr. Gabriel Ste-Marie
  • Sep/22/22 5:10:49 p.m.
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  • Re: Bill C-30 
Madam Speaker, I thank my colleague from Guelph for his comments and his question. I quite agree with the issues he raised. The global economic outlook is uncertain, especially considering the central banks' fight against inflation and the entire context that I referred to. Most economists expect there will be a recession in Europe, especially with the war in Ukraine, which is having serious consequences there. It will be very difficult to get out of. China is also experiencing a major economic slowdown. The unemployment rate among young people is especially high in the major cities. It is very concerning because China is still the workshop of the world, or at least a major production centre. Then there is Canada and the United States. What will happen? We expect a slowdown. The latest figures are less encouraging. In the meantime, I believe that the labour market is going through a transformation, and comparing current job market statistics with the ones from a few years ago is tough. We have to be very alert and careful for the next steps.
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