44th Parl. 1st Sess.
June 20, 2023 10:00AM
- Jun/20/23 2:15:10 p.m.
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Mr. Speaker, food bank usage in Canada has reached record highs. According to Second Harvest, a not-for-profit organization, food banks are expected to serve 60% more people per month this year in comparison to 2022.
It is not only low-income people who are struggling. Many of those accessing the food banks are employed. Dalhousie University's “Canada Food Price Report 2023” stated that food inflation exceeded 10.3% in 2022. Unfortunately, halfway through 2023, it does not look any better, as the prices for fruits and vegetables are continuing to rise 7% with no end in sight. Consequently, it is harder for Canadians to meet their nutritional goals and properly nourish their families.
Whether people are buying for their own table or donating to the food banks for the millions of Canadians who rely on them, it is getting more difficult to keep up to the cost of groceries. These Liberal policies have evidently made life harder for everyone, regardless of income. It is imperative that the government reverse the inflationary spending and give Canadian families a break.
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- Jun/20/23 2:21:28 p.m.
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Mr. Speaker, either people gain control of their money or their money will control them. Thanks to the wasteful spending of the Prime Minister, Canadians' debt is controlling them with crippling interest rate highs. It is a broken promise, an empty promise that said the government would balance the budget or have Canadians' backs.
However, since COVID-19, the Prime Minister has spent $205 billion of taxpayer money on debt, apart from on COVID-19 problems, like how he spent $27 million on bonuses for CMHC executives during the worst housing crisis in Canadian history, and $8.6 million to renovate his taxpayer-funded cottage at Harrington Lake. In addition, $210 million went to the corrupt and Communist Beijing-controlled Asian Infrastructure Investment Bank.
Inflation makes Canadians' money worthless. It is theft and it is the direct result of a reckless government that spent $100 billion before COVID-19. A promise made is a debt unpaid, and empty promises by the government are leaving Canadians with empty wallets.
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- Jun/20/23 2:26:25 p.m.
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Mr. Speaker, the Prime Minister claimed that the government would take on debt so Canadians would not have to, forgetting, of course, that it is Canadians who pay all of that debt through their taxes, and now they are paying it because they have the biggest household debt of any country in the G7. In fact, family debt in Canada is bigger than our entire economy, prompting our banking regulator, today, to force banks to take on more of a rainy day fund to face down future defaults that they expect will rise as a result of growing interest rates.
The Prime Minister's inflationary policies are driving up interest rates on Canadian mortgage holders. Will he balance the budget to bring down inflation and interest rates so Canadians can keep their homes?
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- Jun/20/23 2:27:51 p.m.
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Mr. Speaker, the Prime Minister, after eight years, is imposing austerity on Canadians.
I just told the story, in French, of a Quebec family that has seen its mortgage payments rise by 64%. The mother of that family is living austerity by having to cut back on her expenses and probably move into a tiny apartment as a result of the Prime Minister's inflationary spending. Even the finance minister admits that deficits drive inflation and that inflation drives higher interest rates for families just like this one.
Will the Prime Minister reverse his deficits and balance the budget to bring down inflation and interest rates, so Canadians can keep their homes?
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- Jun/20/23 2:47:54 p.m.
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Mr. Speaker, I believe two Conservatives were successful yesterday.
Increasingly, from across the country, we are hearing from Canadians who are hurting. Mortgages have doubled, rents have doubled and Canadians are visiting food banks in record numbers. One has to ask what the cause of this pain is. Experts agree that the cause is the Liberal government's inflationary spending.
My question for the minister is simple. Will he rein in the deficit spending that is causing inflation?
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- Jun/20/23 2:49:30 p.m.
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Mr. Speaker, after eight years, Liberal-driven inflation is costing Canadians. The Prime Minister's massive deficit spending has caused record inflation and resulted in repeated interest rate hikes. Canada's housing market is now the most at risk of any developed country. The latest rate hike is devastating for the nearly half of all homeowners who are already struggling to keep up with their mortgage payments.
Will the Prime Minister stop spending so that Canadians can keep a roof over their heads?
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- Jun/20/23 2:50:46 p.m.
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Mr. Speaker, even the Liberal finance minister has admitted that her government's deficit spending is fuelling inflation, but the Liberals just keep pouring fuel on the inflationary fire. After eight years, Canadians cannot afford it. The more that those Liberals spend, the more costs go up, and the more unaffordable it is for Canadians to feed and house their families.
Canadians need the Liberals to finally show some restraint. When will the Prime Minister end his inflationary spending so that Canadians can finally feel some relief?
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- Jun/20/23 2:56:30 p.m.
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Mr. Speaker, it is good to see that the minister is not denying that Canadian farmers are being punished with two carbon taxes. In fact, they are facing the highest inflation rates in 40 years. Nowhere is that more acute than with the price of food, which is already up 10%.
However, rather than offering support for Canadians, the Liberals are doubling down with a second carbon tax. What will that do? We are seeing forecasts that food prices will go up another 34% over the next two years, adding another $5,000 to the annual food costs of Canadians.
Again, when the government introduces a second carbon tax, how many farmers will go broke and how many Canadians will go hungry?
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Madam Speaker, I appreciate the opportunity to ask a question of the member for Winnipeg North.
He mentioned money laundering and the real estate market. We know, as reports are telling us, that the main factor causing disaster in the real estate market and inflation in the real estate market, besides government policies, is money laundering. There is a blind spot that launderers and criminals have found to break through the real estate market and make it unaffordable for the average Canadian to buy.
I believe it is too late now. Although this bill is a step in the right direction, it is too late to really solve such a fundamental problem in that area. Can the hon. member tell us where the government has failed? The government did fail, we have to admit, in protecting the real estate market from launderers.
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