44th Parl. 1st Sess.
October 19, 2023 10:00AM
Madam Speaker, the Conservatives are still accusing the government of inflationary spending, so I have a quick question for my colleague. According to the IMF, Canada invested $50 billion in the oil industry in 2022. I would note that the oil industry made $200 billion in profit in 2022.
Does my colleague think that that expenditure counts as inflationary spending?
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Madam Speaker, the reality is that when we invest in a business and the business generates more royalty and tax revenue for the government to support all of the social programs we want, that is an investment; it is not inflationary spending. When we spend money and it does not create a result, that is inflationary spending.
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- Oct/19/23 2:24:14 p.m.
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Mr. Speaker, none of the bills are affordable after eight years of the government. I asked why it is that one can buy a castle in France for a lower cost than a middle-class home in Ontario, and his response was basically “let them eat cake”. The fact is that people cannot even afford bread after eight years of inflationary policies.
Will the Liberals reverse their inflationary deficits and their tax hikes so Canadians can eat, heat and house themselves?
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- Oct/19/23 2:31:56 p.m.
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Mr. Speaker, after eight long years of the Liberal-NDP government doubling the national debt, mortgages and rental costs, Canadians can also see a 40% increase in their monthly mortgage costs. The Prime Minister is not worth the cost. Of variable rate mortgage holders, 85% believe they are worse off. Liberal inflation fuelled by Liberal deficits has made the most rapid interest rate hikes ever. Now Canada is most at risk in the G7 for a mortgage default crisis.
When will the Prime Minister rein in his inflationary spending so that interest rates can come down and Canadians can keep a roof over their heads?
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- Oct/19/23 2:34:31 p.m.
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Mr. Speaker, a survey released this morning by the financial firm Edward Jones Canada states that Canadians are stuck in a “chaotic whirlwind of personal finance stress”. It also states, “The poll clearly shows that Canadians are so preoccupied with just getting through the day, that the idea of paying debt feels like a distant dream.” It found that 88% of Canadians are saying that their personal financial situation is affecting their well-being.
The Prime Minister is just not worth the cost. When will he stop his inflationary spending so people can take back control of their lives?
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- Oct/19/23 2:35:52 p.m.
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Mr. Speaker, it has been eight years. What the Liberal member opposite is saying does not match the facts. The Liberal deficit spending has increased inflation, which has increased interest rates.
A resident from my community said that food prices had risen so quickly that she had been left to pray that her garden would be enough to supplement her household of four teenagers.
I used to hear from residents saying that they were hoping they could save for a home one day. Now I am hearing from residents saying that they are praying for a bountiful harvest to feed their family.
The Prime Minister is just not worth the cost. When will the NDP-Liberal government end its inflationary spending so people can feed their families?
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- Oct/19/23 2:37:13 p.m.
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Mr. Speaker, after eight years of Liberal inflationary deficits, the cost of living is going up everywhere, but it is worse in Quebec. At nearly 5%, Quebec's inflation rate is the highest in the country. Everything costs more. Interest rates are rising. Young people are giving up on the dream of owning a home.
The Bloc Québécois has a great idea for helping Quebeckers. It wants to drastically increase the carbon tax. A vote for the Bloc Québécois is costly.
Will the Liberal Bloc admit that it is time to stop piling more taxes on Canadians and Quebeckers?
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- Oct/19/23 2:54:17 p.m.
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Mr. Speaker, ironically, the Liberals set aside $300 million for ACOA, for farmers to deal with Fiona, but not a single dime has gone out the door. All parties of the House supported this legislation. Even the Greens understand how important farming is.
After eight years of higher interest rates and inflationary costs, and now not one but two carbon taxes, the Prime Minister is simply not worth the cost. The Prime Minister is fanning the flames of inflation with yet another carbon tax on Canadian farmers.
Why will the Prime Minister not respect the will of the House and axe his farm-killing carbon tax?
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