44th Parl. 1st Sess.
October 27, 2022 10:00AM
- Oct/27/22 2:57:10 p.m.
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Mr. Speaker, I thank my hon. colleague for his question. This is an issue that affects all Canadians, and I understand the situation.
I have the utmost respect for my colleague, and he knows that that is why I have asked the presidents of several large corporations and businesses across the country to do their part. In a situation like this, we must all do our part to lower prices for consumers.
I have also asked the Competition Bureau to investigate to make sure that there are no unfair practices happening in this country.
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Madam Speaker, this bill is $10 billion in new spending. There is a $500 one-time payment in it. I was reading an article about mortgage rates, and from October 2021 to May 2022 the average mortgage price per month went up $800. I cannot even imagine how much it has gone up since then as interest rates have continued to go up. I am just wondering what my hon. colleague thinks prices would be like now.
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