44th Parl. 1st Sess.
October 17, 2023 10:00AM
- Oct/17/23 2:37:32 p.m.
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Mr. Speaker, I would remind my colleague opposite that Canada continues to have the lowest deficit among all G7 countries. I would also advise her, in case she missed the news this morning, that Statistics Canada announced inflation has come down in Canada. That is because our plan is working.
However, we know that Canadians still need support, which is why, before this House at this very moment, we have legislation that would help to reduce grocery store prices for Canadians. Why are the Conservatives playing partisan games with the interests of Canadians and of the middle class?
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- Oct/17/23 2:49:08 p.m.
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Mr. Speaker, every day I hear from Canadians that after eight years of the Liberal-NDP government, they are unable to pay their bills. Recently, Rob wrote to me, telling me that he can barely afford his mortgage payments, so he and his wife have started selling off their personal possessions to pay their monthly bills. He realizes that the Prime Minister is just not worth the cost.
When will the Prime Minister stop his irresponsible spending, which is driving up inflation and driving up interest rates, so Canadians can afford their homes again?
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- Oct/17/23 2:51:55 p.m.
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Mr. Speaker, after years years of irresponsible Liberal governance, inflation rates are rising, and so are mortgage rates.
However, let us remember that almost a year ago today, the Minister of Finance very proudly said that her government would balance the budget in 2028.
Six months ago, when the budget was tabled, that promise was scrapped. It was just not kept. Just last week, the Parliamentary Budget Officer determined that the next deficit will be 16% higher than expected.
Are the Liberals aware that their completely irresponsible management is hurting all Canadians?
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- Oct/17/23 2:52:36 p.m.
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Mr. Speaker, I have a great deal of respect for my Conservative colleague, so I would like to correct him. Statistics Canada confirmed today that inflation in Canada has dropped.
With regard to his questions, I would also like to mention that our government will, of course, update the House on our revenues in this fall's economic statement. That is coming soon, as members know. My colleague will, of course, have access to the numbers and will be able to analyze them. I would be pleased to answer his questions after that.
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- Oct/17/23 2:53:15 p.m.
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Mr. Speaker, that is precisely the problem. This time last year, they said they were going to eliminate the deficit. That is not true at all. That is why we are very skeptical when they announce such things.
Anxiety is a growing reality among young Canadians. Today's Journal de Québec and Journal de Montréal report that 61% of young people fear they will never be homeowners. Claude Pinard, the head of Centraide of Greater Montreal, has said that many young people are realizing that they will never be able to buy a home, so they are giving up on their dream.
To be young and have your dreams crushed is very un-Canadian. Will this government finally understand that in order to curb inflation, the government must at the very least control its spending?
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- Oct/17/23 2:59:07 p.m.
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Mr. Speaker, after eight years, the minister of industry has just admitted that 40 million Canadians are struggling to put food on the table. Eight years of out-of-control spending by the NDP-Liberal government has caused that inflation. This harmful inflation has pushed up interest rates, doubling and tripling mortgage payments and rent. Ninety per cent of Maritimers are having to make tough choices between eating, heating and paying the rent.
When will the Prime Minister stop harming Canadians with his inflationary deficits and balance the budget to lower costs on Canadians?
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- Oct/17/23 3:10:20 p.m.
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Mr. Speaker, after eight long years, one would hope that the government would figure out that sound, responsible, economic and monetary policy is key to keeping inflation low. Instead, inflation is nearly double what it should be, resulting in massive increases in food, heating, rent and mortgages. Canadians living paycheque to paycheque recognize that the Prime Minister is not worth the cost. To make matters even worse, we have the NDP supporting the government's fiscal incompetence.
Will this NDP-Liberal Prime Minister start listening to Canadians, stop inflationary spending and cancel the carbon tax?
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- Oct/17/23 3:11:55 p.m.
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Mr. Speaker, grocery inflation is up this year over $1,100 for families. Emissions are up 2.1%, making Canada 58 out of 63 in its commitments. The job-killing, no-more-pipelines Bill C-69, coupled with the carbon tax, now quadrupled, comes precisely at a time when our energy would secure the world, lower emissions and guarantee Canadians could eat, heat and house themselves.
Will this Prime Minister admit that, after eight years, his NDP-Liberal government is not worth the cost?
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- Oct/17/23 4:02:35 p.m.
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Mr. Speaker, I only caught the last three minutes of the member's speech, but I heard him touch on some things, and he has presented to the House that he is indeed fiscally responsible and looking for some cost recovery in some of the programs and services. However, when he speaks of balance, I have never heard that particular member talk about the out-of-control compensation for CEOs and the profiteering of big corporations.
It seems that much of the discussion around inflation is centred on the Bank of Canada, where we have Conservatives blaming the government and the Liberal government blaming workers.
Whether it is regarding this particular matter, the fall economic statement or the budget he has proposed, we have a scenario where, in 2021, the highest-paid CEOs made $14.3 million or collectively brought in $1.4 billion, while the good hard-working people I know in Wolfville are still struggling to get by on their average salaries for everyday Canadians. What does he have to say about that?
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Mr. Speaker, the member started off by being critical of the amount of debt that the Government of Canada has acquired. They understand very clearly that most of the debt that was accrued was during the pandemic. Billions and billions of dollars were spent to support small businesses, individual Canadians, seniors, people with disabilities and so forth; the Conservative Party supported a lot of that. With hindsight, the Conservatives are saying we should not have spent the billions of dollars that they supported at the time. That is one issue.
Actions speak louder than words. The member says he is concerned about inflation. The government is also concerned about inflation; that is the reason we brought forward Bill C-56, which would provide literally hundreds of thousands of new homes in the years ahead for rental properties. The Conservatives' response is to filibuster the legislation. They will not even let the legislation pass. Why is the Conservative Party so out of touch with the reality of what Canadians are facing today?
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Mr. Speaker, the Conservatives, at times, just want to put their heads in the sand and stick with their slogans and bumper stickers, quite frankly. The member talks about inflation. Back in June of 2022, inflation in Canada was at around 8%. In the United States, it was at 9%. Today it is 4% and 3%, or just under 4%. Let us put it that way.
The Conservatives will go around Canada and say that Canada is broken. Does that mean the whole world is broken? The Conservatives are so extreme. They like to get those slogans on the bumper stickers.
Does the member not believe she is misleading Canadians when she tries to give this false impression? Yes, inflation is hurting. That is the reason we bring forward good legislation, such as Bill C-56, which is legislation the Conservatives is filibustering. Why?
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- Oct/17/23 4:34:58 p.m.
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Mr. Speaker, I am always happy to see when members of the House from other parties are able to come together with the Conservatives and agree on something. That is always a pleasure.
With respect to timelines, the government has had eight years to get this right. It certainly has been many years that we have been telling the government that the way it is going about things, with its unnecessary flagrant spending, is going to result in inflation, and what we have now is rampant inflation. The PBO agreed with us that 40% of its spending during COVID was not COVID related. The government also drove up debt before COVID even happened. It cannot run with that cover anymore.
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- Oct/17/23 4:38:22 p.m.
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Mr. Speaker, it gives me great pleasure to rise in the House on behalf of the people of Sackville—Preston—Chezzetcook to speak to the opposition motion. I would like to point out that my voice is not very strong today, so it is going to be much quieter.
The Conservatives, in their motion, are making reference to the fall economic statement. Of course, they know that every November the fall economic statement comes forward. Our government will move forward with much of the legislation, but I am very happy that, as a result of the opposition motion, we will hear all of the good things they have to suggest. We will see if any of them work, and then we can fine-tune them if there is something valuable for us to use to support Canadians.
However, let us talk about the framework of our Canadian economy today. Members must keep in mind that the economy just a year ago was at 8.1% inflation. Today, as we speak, it is down to 3.8%. Already we have seen a quick drop in inflation. Now it is about keeping it going downward.
Canada's economy is strong. We have the lowest deficit in the G7 and the lowest debt-to-GDP ratio in the G7 as well. Last week, it was once again confirmed that we have maintained a AAA rating, which is extremely important. That shows our strength to the world as well. Both the OECD and the International Monetary Fund have clearly indicated that Canada will have the strongest economy in the G7 in 2024.
As we are trying to cool the economy, it is obvious that the economy is extremely strong. Over the month of September, over 64,000 jobs were created. The unemployment rate is down to 5.5%, which is exceptional for our country. The lowest was 5.2% a couple of years ago, before the pandemic. We have not only recaptured the million jobs Canadians created prior to the pandemic, but also created another million since the pandemic. Those are impressive numbers.
That is why we are able to support the most vulnerable Canadians. That is why we are able to support and invest even more in the public health care system. We know the Conservatives believe in the private sector in that section. As well, we have invested in the future prosperity of the country. It is a two-way street. It is a balance between supporting and investing in Canadians long term and investing in capturing more revenue.
Affordability is an issue. There is no question about that. There is no denying that. My kids, going to the grocery store, send me a text or a picture, saying, “Look at the price of this.” We could use the example, as has been used in the House, of the price of lettuce. We understand that.
That is why our government has come forward with many initiatives, and more initiatives are being spoken about and brought in through bills as we speak. The child care benefit brings $5 million a month to families in Sackville—Preston—Chezzetcook, which is $60 million a year. The same thing is happening in the riding of my colleague who is speaking across the floor. In his riding, young families are benefiting from the $60 million in support from the child care benefit.
The early learning initiative, which we brought in last year, was a big investment. Early learning is in 50% of the provinces, bringing the cost down to $10 a day. The rest will follow in the next two years. That is not only a very important investment for young families, but it also allows for more women in the workforce, as well as more flexibility for families.
We have doubled the GST payment for two quarterly payments, helping 11 million Canadians. There was a one-time grocery payment that helped 11 million Canadians. We brought forward the dental plan, and so far we have seen 350,000 children benefit from it. By 2025, we will have more.
Mr. Speaker, I thought I had already mentioned this, but I will be sharing my time with the member for Aurora—Oak Ridges—Richmond Hill.
I want to finish with another big, important framework bill that we brought forward for people with disabilities—
Some hon. members: Oh, oh!
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- Oct/17/23 4:52:37 p.m.
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Mr. Speaker, the problem I have with the motion that is being brought forward by the Conservatives today is that it ignores the real cause of inflation in Canada. We only need to look at publicly available figures to see that in the last three years, in whatever corporate sector we want to name, their profits have skyrocketed over the last three years. With the Bank of Canada, the old saying is that when the only tool one has is a hammer, every problem looks like a nail. In response to that corporate greed-driven inflation, the Bank of Canada raises interest rates, and that is why we are seeing the pain and suffering.
The Conservatives want to completely ignore corporate greed. That is okay. If they want to defend corporate Canada against the interests of their own constituents, I am fine with that, but the Liberals cannot be let off the hook here. There is an incredible amount of wealth being generated in Canada, but it is going to fewer and fewer people. I want to know why the Liberals are not doing more to tackle corporate greed, which is hurting too many Canadian families.
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- Oct/17/23 5:03:19 p.m.
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Mr. Speaker, this question would apply to any member of the House.
After eight years, we have seen that the Prime Minister has added more to the national debt than all prime ministers in the past. However, I would like to take us back to just over 40 years ago, when the Prime Minister's father was prime minister and was running out-of-control deficits and inflation was out of control. When he rolled through my town in North Okanagan—Shuswap, he gave the one-finger salute to a few previous Liberal supporters who were standing on the railway platform protesting his car when it stopped.
I would ask the member if she believes there is any difference between that prime minister, who rang up deficits and inflation so incredibly, and the current Prime Minister, or if this one really does not care and is simply not worth the cost.
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Mr. Speaker, at the end of her speech, my colleague mentioned how important it is to support people. We can all agree on the need for better control of the public purse, but we have to recognize that inflation affects some people more than others.
I am reaching out to my colleague. Tomorrow, there will be an important vote on Bill C-319, which would increase old age security for every senior 65 and older. Groups in Quebec have been asking for this. I visited them all this summer. I keep getting letters of support for this bill. Tomorrow, my colleague will have an opportunity. I do not want to hear any administrative arguments worthy of a banana republic. Last time, I heard someone argue that OAS could not be increased for everyone at age 65, that it was impossible because it had just been increased for people 75 and older, so technically, there would be no way to increase it for people starting at age 65. What kind of nonsense is that? OAS is available to every senior starting at age 65.
I hope my colleague will seize that opportunity tomorrow and vote for the bill.
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- Oct/17/23 5:05:49 p.m.
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Mr. Speaker, it is very important to support our seniors. I agree wholeheartedly.
I disagree with the opposition that we are causing inflation through government spending. These are investments in people. At the same time, we do need to watch government spending right now, because we have a AAA credit rating and the cost of debt has gone up. We need to be careful with spending, and we are doing that. We are being fiscally responsible.
While I agree with the member opposite, I am not sure this is the time to put in place that policy given the other policy we are putting in place to support seniors and all people. We are trying to be very selective and targeted with our supports at this time.
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- Oct/17/23 5:06:51 p.m.
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Mr. Speaker, I enjoy serving with my colleague on the Standing Committee on Agriculture and Agri-Food.
I would agree with her that the Conservatives have concocted a false narrative about the real causes of inflation. They are willfully ignoring what all of the evidence can show anyone who takes the time to look. The unfortunate thing is that the Liberals have been asleep at the switch and have allowed that false narrative to take root.
We have seen 22 months of rising food inflation and people are making difficult choices at the grocery store, yet the minister responsible for that file is only just now giving a stern talking to to grocery CEOs. Canadians are suffering and watching massive corporate profits, and what are those same corporations doing? They are laying off workers and using all of that profit to do stock buybacks and massive dividend payouts, which are often going to foreign investors and not benefiting people in Canada. We have all of this stuff happening.
Does my hon. friend across the way believe her government should be doing more, and what should those steps be? We have an incredible amount of wealth being generated in Canada, but it is going to fewer and fewer people. That is what needs to change for people to have confidence in the economy again.
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Mr. Speaker, I hear the Conservatives' concern. I agree that we need firm control of our public finances. Obviously, predictability is a must.
However, we also need to recognize that some people require extra support because of inflation. Apart from the carbon tax, what seniors want, especially those who are affected by inflation, is a 10% increase in old age security benefits for all seniors starting at age 65. The Conservative critic for seniors said it was unfair not to provide the 10% increase to all seniors at age 65.
I am reaching out to my colleague and urging her to take the first step and provide a little extra help to seniors in need. I am asking her to vote for Bill C‑319 tomorrow.
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- Oct/17/23 5:28:13 p.m.
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Mr. Speaker, I thank my NDP colleague for his intervention.
I will continue to read from the written motion, which is an official House of Commons document. If my colleague would like to have the full version, he can ask the table clerks, who are very helpful.
. . . inflation driving deficits so that interest rates can be lowered, in order to avoid a mortgage default crisis, as warned by the International Monetary Fund, and to ensure Canadians do not lose their homes, the House call on the government to introduce a fiscal plan that includes a pathway back to balanced budgets, in order to decrease inflation and interest rates, and to introduce this in the House of Commons prior to the Bank of Canada’s next policy interest rate decision on October 25, 2023.
Yes, the timeline is short, but this government has been in power for eight years. I hope the government members see things the way we do. We are back in the House after a week in our ridings. I have to say that everyone I met in Portneuf—Jacques-Cartier told me that they are struggling to balance their budgets, that they do not know how they are going to put food on the table and heat their homes properly. Unfortunately, in Canada, and particularly in Quebec, winter is pretty harsh. We have to heat our homes, we have to eat and, yes, we have to put gas in the car. My riding covers a low-density area, which means that people need a vehicle. There is no public transit. Unfortunately, that is the reality. We cannot bury our heads in the sand. We cannot ignore the facts. That is a reality, and we have to take it into account.
The Prime Minister stated, with a completely straight face, that budgets balance themselves. I am a father, and there are probably many parents here who have responsibilities and have to manage a budget. I have some news for the Prime Minister. I do not know whether budgets balance themselves in his ivory tower, but down here on earth, on the ground, in our homes, we have to balance our budgets. If not, we will be headed for bankruptcy, so we need to be responsible.
What is worse, at a certain point, the Liberals also said that it was time to borrow money because rates were low and they would not go up. We can see that today's reality is drastically different. Yesterday, I met with representatives of the Quebec Professional Association of Real Estate Brokers. They travelled here to Ottawa, and I met with them. I think it is important that members of Parliament meet with people to find out what is happening on the ground. I think that the government members should adopt such a practice. According to what the association representatives told me, we are going to hit a wall. It will not be long until the banks will have to start collecting house keys because people cannot pay their mortgages. That is a reality.
Today I met representatives from Pets Canada, a network of manufacturers, retailers and pet enthusiasts. Many of us have pets like cats and dogs. These pets are part of our families. Customers who buy dog or cat food are worried, because they will have to forgo buying food for their pets so that they themselves can survive. We are in Canada in 2023. I think that is important.
I will read other quotes from the Prime Minister, just for the fun of it.
“You'll forgive me if I don't think about monetary policy.” That was from August 19, 2021.
Here is another one: “We took on debt so Canadians wouldn't have to.”
However, as my colleague mentioned, it is taxpayers' money we are talking about. Governments do not make money, they simply administer the taxes collected from Canadian taxpayers.
Here is another quote from the Prime Minister, this one from 2015: “We're proposing a strong and real plan, one that invests in the middle class, so we can grow the economy, not from the top down...but from the heart outwards. That's what Canada has always done well”.
Now I want to talk about the Prime Minister's broken promises. This Prime Minister said the government would run a small deficit in 2015, tiny, temporary, no more than $10 billion. That was a broken promise. Then he said it would never go over $30 billion. Another broken promise. The Prime Minister said he would return to balanced budgets in 2019 and that this commitment was set in stone. What does he take us for? Once again, another broken promise.
As I mentioned, after eight years, the Prime Minister has added more to the debt than all of our country's prime ministers combined. This is serious. During question period yesterday, the Deputy Prime Minister again stated that Canada has the lowest deficit and the lowest debt-to-GDP ratio. I would like to ask the Deputy Prime Minister to go for a walk in the streets with me to talk to people. What will they tell her? They will tell her they are struggling to get by. There needs to be an action plan, and soon, to get the budget back into balance. It is about being responsible.
Now, on the other side of the House, they do not understand that. It is the job of the official opposition to force them to do their job and do it as quickly as possible, because it has been eight years. I hope they are not just waking up today because of the motion we moved. I hope they woke up several months ago and are working on finding a solution to balance the budget as quickly as possible.
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