So V ote

May/29/23 7:18:35 p.m.
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Madam Chair, if the minister does not believe me, maybe she will believe the Liberal premier of Newfoundland and Labrador who said: As the July 1 implementation date of the federal...Regulations approaches, Atlantic Premiers remain concerned about the detrimental and disproportionate impact they will have on Atlantic Canadians. Together with the carbon tax increase also scheduled for July 1, an increase in the cost of gasoline and diesel is anticipated. These increases will further add to inflationary pressures that will increase the costs of other goods imported to the region. That is not me. That is the Liberal premier of Newfoundland and Labrador. Is he wrong?

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Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)

May/29/23 7:56:49 p.m.
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Mr. Chair, one of the things we have paid a lot of attention to in the budget, and in all of our budgets, is making investments that increase Canada's economic capacity, and we believe that investments that do that can actually be anti-inflationary.

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May/29/23 7:57:12 p.m.
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Mr. Chair, for instance, does the minister believe that the GST rebate, which is targeted at low-income Canadians, was an inflationary spending item?

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May/29/23 7:57:37 p.m.
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Mr. Chair, I will take the minister to be saying that she does not believe that investing in child care is inflationary. Does she believe that doubling the GST rebate two times was an inflationary spend by government?

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May/29/23 7:58:16 p.m.
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Mr. Chair, does the finance minister believe that the GST rebate was an inflationary spend or not?

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May/29/23 7:58:39 p.m.
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Mr. Chair, does the minister believe that pharmacare, which is a program that would lower the amount Canadians spend on prescription drugs against the current amount they spend, would be inflationary?

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Hon. Chrystia Freeland

May/29/23 7:58:51 p.m.
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Mr. Chair, whether spending is inflationary depends obviously on the macroeconomic conditions of the moment and on how the programs are designed and delivered.

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May/29/23 7:59:04 p.m.
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Mr. Chair, how can lowering prices be inflationary?

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Hon. Chrystia Freeland

May/29/23 7:59:09 p.m.
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Mr. Chair, again, as I know the member for Elmwood—Transcona knows, everything depends on how programs are designed, and everything depends also on the macroeconomic conditions of the moment. If I talk to someone from Japan, they are keen to have inflationary spending, because they have been in a deflationary spiral for a long time.

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May/29/23 7:59:28 p.m.
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Mr. Chair, does over $30 billion in infrastructure spending risk being inflationary?

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May/29/23 7:59:55 p.m.
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Mr. Chair, infrastructure investments are important, but they can also be inflationary. Does the minister recognize that infrastructure spending can be inflationary?

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Hon. Chrystia Freeland

May/29/23 8:00:04 p.m.
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Mr. Chair, sure, I absolutely recognize that very many different types of spending can be inflationary or not, depending on the overall macroenvironment in a country and in the world and depending on how that spending is structured.

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Mr. Jasraj Singh Hallan

May/29/23 8:29:03 p.m.
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Mr. Chair, the minister does not admit her own words, and she will not recognize that she broke her own promises to Canadians when she poured fuel on the inflationary fire. The minister loves to quote the Governor of the Bank of Canada, so will she agree with him that inflation in Canada increasingly reflects what is happening in Canada?

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May/29/23 9:11:40 p.m.
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Mr. Chair, if the minister went door to door, she would know exactly how I ran my campaign. She would have heard about the misery and disrespect for the people of Atlantic Canada I encountered. I would ask the minister if she agrees with her Liberal counterpart, Premier Furey, that a carbon tax is inflationary.

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May/29/23 9:12:31 p.m.
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Mr. Chair, I will ask the minister this again. Does she agree with Premier Furey that a carbon tax is inflationary?

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May/29/23 9:13:03 p.m.
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Mr. Chair, I take offence to the minister telling me how I ran my campaign, but I will ask her this again. Does the minister agree with Premier Furey that a carbon tax is inflationary?

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