44th Parl. 1st Sess.
September 20, 2023 02:00PM
- Sep/20/23 2:08:01 p.m.
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Mr. Speaker, after eight years of this government, our country is broken. Inflation is already hurting families, and food prices are expected to rise by 34% over the next two years. Repeated interest rate hikes have doubled mortgage payments. One in two Canadians lives paycheque to paycheque.
What is the government's response? It is adamant about going ahead with its plan to increase the carbon tax.
Worse still, the Bloc members are blindly supporting it. They say they want to drastically increase the carbon tax. What does “drastic” mean? It means “extreme”, “radical”. That is what the Bloc-Liberal coalition wants: to make everything drastically, radically more expensive. Could a government be more out of touch? I think not. I want all families in Quebec and Canada to know that a vote for the Bloc Québécois in the next election will cost them dearly.
I want everyone to remember this: A Conservative government will bring back common sense by abolishing the Bloc-Liberal tax and bringing home lower prices.
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- Sep/20/23 2:13:24 p.m.
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Mr. Speaker, in June, the finance minister said, “Canada’s plan to bring down inflation is working.” She called it a “milestone moment”, taking credit for the reduction.
Yesterday, we learned inflation has gone up to 4%, an increase of 43% since she made those comments. Now inflation is higher here than it is in the United States. Mortgage payments are up 151%, to $3,560. Rent has doubled.
Before the Prime Minister took office, it took 25 years to pay off a mortgage. Now it takes 25 years just to save for a down payment. The NDP-Liberal government wants to blow the bank. The Prime Minister has added more debt than all previous prime ministers combined.
Common-sense Conservatives would bring homes people can afford by reducing inflationary deficits and taxes to bring lower interest rates. After eight years, the Prime Minister is just not worth the cost.
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- Sep/20/23 2:21:42 p.m.
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Mr. Speaker, after eight years, the Prime Minister has said that times are tough for politicians. At his retreat in Charlottetown, he said that inflation would go down. We learned yesterday that it has actually gone up.
In fact, since the Minister of Finance declared victory over inflation, it has increased 43%. This could force the Bank of Canada to raise interest rates on Canadians, who are already carrying the highest debt levels in the G7.
Will the government finally reverse its inflationary taxes and deficits so we can cut interest rates before we have a mortgage crisis on our hands?
Some hon. members: Oh, oh!
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- Sep/20/23 2:25:27 p.m.
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Mr. Speaker, at his recent retreat in Charlottetown, the Prime Minister said that life is really tough for politicians. Today he is off on another trip to New York for three days to give a couple of speeches and burn a whole lot of fuel, at the same time as he raises carbon taxes on Canadians for the crime of driving to work and feeding their families.
Yesterday, inflation was way up. It is accelerating. It is higher than in the States and in Japan, which could drive up interest rates.
Will the Prime Minister balance the budget and axe the tax to bring inflation and interest rates down?
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- Sep/20/23 2:28:58 p.m.
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Mr. Speaker, our plan is to axe the tax and use technology, not taxes.
It is really incredible that this high-flying, high-carbon hypocrite is jetting around the world at the expense of Canadian taxpayers at the same time as he raises fuel taxes on everyday Canadians. The NDP supports him 100% in the 61¢-a-litre carbon tax they want to impose. That and the inflationary deficits have driven inflation back up.
Will the government finally end the inflationary taxes and deficits so we can bring down rates before Canadians go bankrupt?
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- Sep/20/23 2:35:52 p.m.
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Mr. Speaker, I would like to know what the minister thinks of a former Liberal finance minister, John Manley, who said that the Prime Minister's deficits are like stepping on the gas when it comes to inflation. This forces the Bank of Canada to step harder on the brakes by increasing interest rates.
Here is an example of completely ridiculous spending. The government spent $284 million to redo Canadian passports. That is a third of a billion dollars, and it was $123 million over budget. That is an outrageous waste.
Will the Prime Minister promise to stop burning Canadians' money?
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- Sep/20/23 2:37:08 p.m.
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Mr. Speaker, eight years of the Prime Minister has punished Canadians with an NDP-Liberal government that spent billions of dollars to double the price of a home, to double the rent and double the mortgage payment, all because of the Liberals' inflationary spending. They are building fewer homes this month than they did last month. Inflation is up; homebuilding is down.
When will the housing minister stand up and admit that the Prime Minister is just not worth the cost?
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- Sep/20/23 2:38:10 p.m.
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Mr. Speaker, the cost of a home has doubled in this country. The minister who made international students sleep on the streets and lost track of a million people is now in charge of building homes in this country. How does one lose a million people? He is recycling broken campaign promises from eight years ago that will not fix the fact that buying a castle in Europe is now cheaper than buying a family home in Kitchener.
Are Canadians supposed to trust the guy who broke immigration to fix housing, or anyone over there to fix inflation?
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- Sep/20/23 2:39:39 p.m.
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Mr. Speaker, they lost track of a million people.
After eight years of the Prime Minister, housing prices are at an all-time high, and many Canadians have lost hope of ever owning their own home. This is a direct result of the NDP-Liberal government's reckless deficit spending that has poured countless cash into the economy, driving up inflation, which has driven up interest rates, which has doubled mortgage rates.
Will the Prime Minister finally stop his inflationary spending so Canadians can once again keep a roof over their heads?
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- Sep/20/23 2:40:56 p.m.
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Mr. Speaker, former Liberal finance minister John Manley said that the Liberal deficit spending is like pressing a gas pedal on inflation while the Bank of Canada is trying to press the brakes on it by raising interest rates. Eight years ago, Canadians could afford to pay off their mortgage in 25 years. Now it takes 25 years just to save for a down payment.
When will the Prime Minister stop his reckless spending so Canadians can once again afford to buy homes?
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- Sep/20/23 2:43:26 p.m.
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Mr. Speaker, the government is subsidizing rich oil companies that have absolutely no need of subsidies. At the same time, it is withholding money needed for social housing and refusing to adjust seniors' pensions, who are being hard hit by inflation. This inflation has been exacerbated by oil company profits.
Why does Ottawa not take the money it gives to oil companies and invest it in social housing and seniors' pensions instead?
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- Sep/20/23 2:47:09 p.m.
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Mr. Speaker, what Canadians want right now is for inflation to come down and for interest rates to fall, not to pour fuel on the fire of inflation. That was what the finance minister promised last year. Instead, mortgage interest rates are up 31%. Inflation is up 4% this month alone. After eight years, the Liberal-NDP government refuses to be the financial steward this country so desperately needs. The Prime Minister is not worth the cost.
Will the Prime Minister finally stop his inflationary spending so Canadians can keep a roof over their heads?
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- Sep/20/23 2:47:48 p.m.
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Mr. Speaker, let us be specific about what they are talking about when they are talking about cuts. When they are talking about dealing with global inflation, they want to do it on the backs of the most vulnerable, as if cutting from the most vulnerable people in Canada is going to somehow fix global inflation. That means, as an example, with the dental care program that we are rolling out, 3.5 million seniors would lose their dental care. That means 181,000 people with disabilities would lose their dental care. That means one million children would lose their dental care. That is what they are talking about. Let us be clear about what their real plan is.
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- Sep/20/23 3:02:37 p.m.
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Mr. Speaker, every member of the House receives emails, letters and phone calls explaining how unaffordable life has become due to the NDP-Liberal government's punishing carbon tax.
After eight years of the Liberal Prime Minister, everything costs more, and inflation on basic necessities such as food continues to rise. The price of lettuce is up. The price of carrots is up, and the price of potatoes is up, all by more than 70%. Quite frankly, Canadians are fed up.
Will the Liberal Prime Minister cancel his plans to increase his inflationary carbon tax?
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- Sep/20/23 3:03:56 p.m.
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Mr. Speaker, what the Liberal government would like to do is deflect from the things that are very important to Canadians, such as their inflationary carbon tax. Even the governor of the Bank of Canada has stated clearly that, with the carbon tax announcement that has it going up, inflation increases each year.
The ongoing punishment for Canadians simply trying to buy food, put a roof over their heads, for which the minister is failing again just as he did on immigration, and heat their homes, must stop.
After eight years, the Liberal Prime Minister is not worth the cost. When will he cancel his plans to increase his inflationary carbon tax?
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- Sep/20/23 3:05:13 p.m.
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Mr. Speaker, eight years of the NDP-Liberal government have depleted Canadians' savings, raised their taxes and increased the prices at their local grocery stores. Cutting his carbon tax could bring immediate relief for Canadians, but the Prime Minister refuses. Even the Bank of Canada governor is now warning that the Liberals' carbon tax increases are causing inflation.
The policies of the Prime Minister are not worth the cost, and Canadians know it. Will he finally side with Canadians and cancel his inflationary carbon tax increases?
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- Sep/20/23 3:07:40 p.m.
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Mr. Speaker, new documents show the Liberals billed Canadians more than a quarter of a million dollars for a three-day cabinet meeting supposedly focused on tackling inflation. Instead of coming up with any real plans to make life more affordable, the out-of-touch Prime Minister and his cabinet spent their time eating expensive meals at high-end restaurants. Inflation is out of control, but the Liberals will not stop living large.
Will the Prime Minister take the silver spoon out of his mouth, axe the carbon tax and show respect to Canadian taxpayers?
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- Sep/20/23 4:01:29 p.m.
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Mr. Speaker, I rise today to request an emergency debate, following yesterday's news that Canada's CPI inflation is once again on the rise. It has increased 43% in the last two months to reach 4%, double the Bank of Canada's target rate. This is at a time when Canadians are already suffering the cost of living crisis following two years of inflation brought on by the Liberal government's inflationary deficits. As former Liberal finance minister John Manley has said, that is like pushing on the gas while the Bank of Canada slams on the brakes as it raises interest rates to levels not seen in over 20 years.
Insolvencies, bankruptcies and mortgage delinquencies are on the rise. A quarter of mortgage holders say they are struggling to pay their monthly mortgage bill, and food banks estimate they will see a 60% increase in usage this year. Canadians can no longer afford basic necessities, the cost of rent or a mortgage. According to the IMF, our country is the most at risk in the G7 for a mortgage default crisis.
The pain felt by Canadians is real, and the risk for even more serious economic problems is very real. Therefore, I request an emergency debate to address this crisis.
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