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Decentralized Democracy

House Hansard - 254

44th Parl. 1st Sess.
November 23, 2023 10:00AM
Context: House Hansard - 254 - Nov/23/23
Mrs. Tracy Gray (Kelowna—Lake Country, CPC)
  • Nov/23/23 4:13:55 p.m.
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Madam Speaker, the hon. member is a colleague from British Columbia, and we know that in British Columbia we have some of the highest housing prices in the country. We know that rent has doubled, and housing costs have doubled. In this legislation that we are debating today, two of the biggest issues that we are dealing with are inflation and the cost of housing. Inflation has caused interest rates to increase which has then caused interest rate payments to be higher for people. Could the member tell us if this legislation would address inflation or interest rates?
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Context: House Hansard - 254 - Nov/23/23
Mr. Alistair MacGregor
  • Nov/23/23 6:37:30 p.m.
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  • Re: Bill C-56 
Madam Speaker, Bill C-56 has a fairly narrow focus, but that is why we were hoping, not only through the fall economic statement but in the budget next year, to start to see measures that would address this. I will remind the member that we got to the rates we are at today precisely because of the corporate profits that have been driving inflation. If Canadians want to understand why rates are so high, it is because we are trying to cool down a market that was caused by corporate greed. It was caused by oil and gas companies having net profits go up by over 1,000% in three years. It was caused by grocery CEOs digging in their greedy hands, off the backs of working families. If we want to truly calm inflation down, we have to stop the policies that are championed by both the Conservatives and the Liberals. We need to swing the pendulum back in favour of working families, and stop the corporate deference that both of these parties love to champion whenever they are in government.
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