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Decentralized Democracy

House Hansard - 101

44th Parl. 1st Sess.
September 23, 2022 10:00AM
Context: House Hansard - 101 - Sep/23/22
Mr. Matthew Green (Hamilton Centre, NDP)
  • Sep/23/22 11:29:57 a.m.
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Mr. Speaker, when the Canadian Labour Congress met with the Bank of Canada this week, the CLC warned them that with rapidly rising interest rates, everyday people pay the real cost of inflation, with job losses and mortgages and personal loan payments jumping hundreds of dollars overnight. What was the Bank of Canada's response? With the economy on the brink of a recession, it continues attacking workers by encouraging companies to drive their wages down. It is disgusting. Does the Liberal government agree with the Bank of Canada's call to drive up unemployment while pushing down people's wages, or will they join the New Democrats and the CLC by actually standing up for workers in Canada?
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Context: House Hansard - 101 - Sep/23/22
Mr. Terry Beech (Parliamentary Secretary to the Deputy Prime Minister and Minister of Finance, Lib.)
  • Sep/23/22 11:30:40 a.m.
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Mr. Speaker, we all know that the Bank of Canada is an independent institution. It has operated that way for more than a generation. We also know that it is a tough time for Canadians, which is why we have created a comprehensive affordability plan. Members of the House will have a real opportunity this fall to make life more affordable for Canadians by doubling the GST benefit for 11 million households, by providing a housing benefit for renters who need it the most and by providing dental care to young children so they can get their teeth fixed.
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Context: House Hansard - 101 - Sep/23/22
Ms. Julie Dabrusin
  • Sep/23/22 1:12:33 p.m.
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  • Re: Bill C-30 
Mr. Speaker, first of all, let us not underplay the role of the Bank of Canada in all of this. It has an important role in what it is doing, but I recognize that is not the only thing. We are working on other measures. For example, I mentioned at one point in my speech that we are working on things like helping to address labour shortages, which can be part of the challenge with supply chains. We see that with the supports that we have in skills development, but also in immigration. There are definitely places where government plays a role in tandem with the work that is being done independently by the Bank of Canada.
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