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House Hansard - 227

44th Parl. 1st Sess.
September 29, 2023 10:00AM
Context: House Hansard - 227 - Sep/29/23
Mr. Dane Lloyd (Sturgeon River—Parkland, CPC)
  • Sep/29/23 12:34:18 p.m.
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  • Re: Bill C-50 
Madam Speaker, in all this debate about the sustainable jobs act, what I have not heard is an explanation from the Liberal-NDP government of a credible plan to replace over 25% of Canada's exports. Petroleum and petroleum products account for over $100 billion, over 25% of Canada's annual exports. These exports are absolutely necessary for the protection of the value of the Canada dollar. If the sustainable jobs act achieves what it intends to achieve, it would cripple our exports and cripple the Canadian dollar, which would lead to a massive increase in inflation, which we are already dealing with. This massive increase in inflation would necessarily be countered by further radical interest rate hikes from the Bank of Canada. Therefore, can my hon. colleague explain the deep economic consequences of this policy that the government simply does not have a credible plan to deal with?
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