44th Parl. 1st Sess.
January 30, 2024 10:00AM
Mr. Speaker, I thank the member opposite for her condolences.
At every opportunity, and I think the member's constituents ought to know this, she supports the Liberal government, and it is at every single stage of the game and in every single confidence vote, to raise taxes, to put forward a photo op plan for building more houses. There is innumerable waste on that side.
This is what a Conservative government would look like. It would be a government that takes care of people and does not line the pockets of its own friends.
I like that the member opposite asks what the future government will look like. I think she should get used to saying that. We will certainly put forward a plan when that time comes.
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- Jan/30/24 5:58:36 p.m.
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We are out of time but before moving on to the next member, I believe the hon. member for Battle River—Crowfoot has a point of order to speak to.
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Mr. Speaker, I apologize to the Chair.
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- Jan/30/24 5:58:54 p.m.
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I thank the hon. member for that apology.
Continuing debate, the hon. member for Scarborough—Guildwood.
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Mr. Speaker, this is my first opportunity to speak in the year of Our Lord 2024.
Some hon. members: Oh, oh!
Hon. John McKay: Mr. Speaker, I hope members sort out among themselves just what the apology is for, given that memories seem to be somewhat short here.
I am rather hoping that I can bring a bit more light than heat to this debate. I propose to divide my remarks into three parts. The first part is to actually refer to the fall economic statement. I know that is a novel idea. The second part is to canvass why Canadians are pessimistic about the economy. Then, in an aside, I will compare that to why Americans are pessimistic about their economy.
With that, there is no doubt a disconnect between the economic metrics and how Canadians are feeling about their general state of welfare. If we open the fall economic statement, the first chart shows that Canada is number one in the G7 for real GDP growth. If I said that at the front door of some member of my constituency, they would probably close the door on me. Maybe they would be polite, and maybe they would not. Nevertheless, those are the facts. Our peer nations are not experiencing economic growth at the rate that Canada is experiencing economic growth, and I would contrast that to the concerns Canadians have about their economic welfare and ask them if they would prefer to be at the bottom of the G7 growth spectrum.
The second chart has to do with foreign investment. It appears that foreign investors have a great deal of confidence in Canada's prospects, as we are third in the world, and probably second, since the United States necessarily attracts by far the most investment.
The third chart is with respect to the budgetary balance projections for G7 nations. As Sir John A. Macdonald used to say, “Don't compare me to the Almighty. Compare me to the alternative.” The alternatives are Germany, Japan, the U.K., Italy, France and the U.S. We are number one in terms of budgetary projections. For all the harping, whining and complaining we hear in this chamber about the management of the fiscal framework, Canada is number one, and dramatically ahead of our neighbour to the south.
The fourth chart is on consumer price inflation, which has fallen over the course of the last 12 months by about four points, a significant drop in inflation.
Only economists could possibly be interested in some of these other charts. They are very difficult to convey to folks. I sometimes wonder why they put these charts into these economic statements, but they do.
In real GDP growth in G7 economies from Q1 of 2022 to Q2 of 2023, Canada is again number one in economic growth.
On employment and the change in employment, again, Canada is number one, way ahead of all the other nations. In fact, Japan and the U.K. have experienced negative employment growth since 2020.
I appreciate that trying to convince people, based on charts, about Canada's management of the fiscal framework, the monetary policy and the economy generally is somewhat of a challenge, and I have probably already lost the chamber. Having said that, it is a necessary setting in order to address the concerns Canadians have about their own economic well-being. I would just make the point over again about whether Canadians would prefer this government and this Parliament to address their concerns from a different position in the charts I have just mentioned. Would they like to be last in economic growth? Would they like to have challenges with employment? This is the environment in which we operate, and I think it is a necessary corrective to some of the conversation I have heard today.
If we ask what the concerns of Canadians are, economic uncertainty is their number one concern, along with income inequality, housing affordability, job market challenges, high household debts, climate change and environmental concerns, and global economic trends.
I put the economic uncertainties in the context of global events. We have had a Ukrainian war, the Middle Eastern war and instability in Asia-Pacific. These concerns are of great significance to Canada, particularly as Canada is a trading nation; a great deal of our GDP depends on trade. We have yet to see how the rerouting of ships in the Suez Canal area is going to affect Canadian prospects; it is necessarily going to be an added cost to the cost of goods and services in this country. We have yet to see that play through, but it is a dispute that Canadians are internalizing and recognizing, and I expect that the result will be an increase in commodity prices.
Income inequality is a serious concern, and I have to say that, over the course of this government, there have been a number of really innovative initiatives on addressing income inequality. The first, and one of the most significant in my riding, is the Canada child benefit. Because I have a relatively impoverished riding with quite a number of children, that means something in the order of $100 million a year into my riding alone. If it is not the number one riding in Canada, then I think it is one of the higher-ranked ridings for the receipt of the Canada child benefit. It is similar with the Canada workers benefit and the child care initiative. These are all concerns that have been internalized by Canadians and create anxiety, but the address by the government is well placed in terms of addressing issues of income inequality.
Finally, before you open the trap door and make me disappear, Mr. Speaker, I thought it would be interesting to compare what Americans' concerns are as opposed to ours. A number of the concerns are clearly shared: income inequality, stagnant wages, job insecurity and cost of living. One is student loan debt. We recollect that President Biden tried to do something about it, but Congress has defeated him on that. Furthermore, Americans are deeply disturbed by their health care costs, even with Obamacare. There is also political polarization and policy uncertainty. We cannot turn on a television without commentary on the almost intractable policy and partisan contrast. Those last three things are not challenges that this country faces thus far, thank goodness, but they do cause a level of anxiety. Moreover, we somewhat reflect the concerns of Americans here with respect to our own economic uncertainty.
The reconciliation between the metrics of this economy and how people are feeling about their own personal economy is the challenge of this government and this Parliament, and it will continue to vex us all. The government has taken a number of initiatives, such as the housing initiatives, that can ameliorate the immediate effects.
Therefore, I encourage colleagues to support this bill, recognizing fully that they are hearing the same thing that we are hearing at the door: Canadians are concerned about their own personal situation.
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- Jan/30/24 6:09:19 p.m.
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I want to assure the hon. member that I have no trap door anywhere in this chamber, even though there are times that I do wish I had one.
With questions and comments, we have the hon. member for Beauport—Limoilou.
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Mr. Speaker, there is a difference between affordable housing and social housing. One is barely 10% below market value. The other offers services and ongoing support, which is something older people in particular need. Speaking of older people, some people aged 65 to 74 are in good shape, others not so much. Creating two classes of seniors is a problem, especially for women, who were not able to put as much away for retirement because they were looking after children and being family caregivers.
Here is what I want to ask my colleague. Recent budgets and the latest economic update did not put an end to this discrimination against seniors. When will the government take care of that?
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Mr. Speaker, on the category of seniors, of which I am a proud member, I too share the concern of the hon. member. I take note of the irony that, when there was a boost for post-75 seniors, there was not a boost for those 65 to 75. The point being that, from a policy standpoint, the older one gets, the less able one is to adjust to economic uncertainty. I am sure that the hon. member would agree with me that our senior seniors are the people we should address first. I think the government has done an admirable job in that area.
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Mr. Speaker, it was an interesting presentation. I am sure that the Canadians out there who are $200 away from insolvency every month were absolutely riveted by that information, telling them how great their lives are, when we know that violent crime in and around Toronto is up around 15%.
We know that Toronto has one of the worst housing bubbles in the entire world. We know that rent has gone up, doubled. We know that mortgages have doubled and that it is almost unaffordable for anybody to live in Toronto, certainly for newcomers to Canada wanting to move there.
I would like the member to rectify for all of us here, and for all of the Canadians watching, the incredibly boring and non-enlightening way the rosy picture of Canada was presented, when Canadians know that, every month, two million of them are visiting a food bank. As I said at the start, they are $200 away from insolvency.
Could the member tell us how this equates to this great job that his government is doing?
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Mr. Speaker, generally my colleagues do not describe my speeches as boring in public. They may privately say that my speeches are boring. I feel badly for the hon. gentleman, who missed the central point of the speech.
The central point of the speech is that the metrics of the country are very good. Would he prefer, in Nova Scotia, to have 10% unemployment, or would he prefer to have 4% unemployment? Would he prefer to be dealing with the challenges of his constituents with 4% unemployment or 10% unemployment?
I regret that the hon. member finds my remarks boring, but maybe, if he had paid a little bit more attention, he would have been able to articulate the central dilemma I was speaking to.
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Mr. Speaker, he mentioned how proud this government is. The Liberals are proud of the child care program they put forward, which, of course, New Democrats worked very hard to push this government on, and we are happy to see it. There is value there for his constituents, and certainly mine, in ensuring that especially women can come into the workplace and participate in greater levels.
That is very necessary for the growth of our economy. However, one thing the Liberals have not done is to ensure that those who work within child care are paid adequately. Potentially, could the hon. member explain the future plans of the Liberal government to do so, so that we could ensure that those who are taking care of children while we are at work, and we know that we need that excellent care, those in that sector, are being provided with livable wages?
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- Jan/30/24 6:14:41 p.m.
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We are out of time.
The hon. member for Scarborough—Guildwood with a quick answer.
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Mr. Speaker, we are out of time but you are not going to pull the trap door. Thanks.
The hon. member raises an interesting issue, and this is where the $10-a-day day care comes in. This is largely a program that is funded by the Government of Canada for, in our case, the Government of Ontario. The provision of the quality of the day care worker and the wages he or she receives and the quality of the workplace are largely dependent upon the Province of Ontario.
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Mr. Speaker, it is a pleasure to rise in the House this evening and speak for a few minutes about the fall economic statement and Bill C-59. Of course fall has turned to winter, and yet the topics we have been debating in this piece of legislation are as relevant as ever, particularly the topic of housing. That is where I will focus my remarks this evening.
The need for affordable housing is an issue in every single community in northwest B.C. I know many members in this House are familiar with what is going on in northwest B.C., particularly the level of investment in industrial development. That has brought opportunity for many people. There are many people making good incomes in various industrial industries, but not everyone.
I remember, months ago, talking to a fellow on his doorstep in the city of Terrace. He was a carpenter. He was working on the construction of the new hospital in the city, a much-needed and much-awaited project. He told me about his struggles affording rental housing. He was renting what I believe was a modest two-bedroom townhouse. He had two kids with a third on the way. He said that he and his partner needed more space but they just could not afford it.
There are many people in that situation and people who are earning even less. When we think about people working in the service industry, there are many people who are struggling to make ends meet and struggling with the cost of housing. What we have heard in this debate is that both the Liberals and the Conservatives are relying almost solely on the market to provide housing solutions. As for the ideas that they have presented, whether it is the idea of browbeating what they are calling municipal gatekeepers or building density near transit hubs, northwest B.C. does not have transit hubs. It barely has public transit. These are not ideas that translate to rural British Columbia.
We need different ideas. We need a government that is committed, in particular, to building the infrastructure that our communities need. In cities like Prince Rupert, that means a major investment in water infrastructure. In the city of Terrace, in the town of Smithers, in the small community of Port Clements, people are struggling, and communities are struggling with the cost of infrastructure, like waste water and drinking water. That is what is needed in order to facilitate the expansion of housing development. These communities would welcome private sector development, public sector development, but they cannot do it without the infrastructure.
I will leave it there, and look forward to continuing my remarks at a future date.
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- Jan/30/24 6:18:15 p.m.
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It being 6:18 p.m., the House will now proceed to the consideration of Private Members' Business as listed on today's Order Paper.
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- Jan/30/24 6:18:30 p.m.
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There being no motions at report stage, the House will now proceed, without debate, to the putting of the question on the motion to concur in the bill at report stage.
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moved that the bill, as amended, be concurred in.
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- Jan/30/24 6:18:49 p.m.
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If a member participating in person wishes that the motion be carried or carried on division, or if a member of a recognized party participating in person wishes to request a recorded division, I would invite them to rise and indicate it to the Chair.
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- Jan/30/24 6:19:35 p.m.
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Mr. Speaker, I would request a recorded division.
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Pursuant to Standing Order 98, the division stands deferred until Wednesday, January 31, at the expiry of the time provided for Oral Questions.
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