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House Hansard - 314

44th Parl. 1st Sess.
May 21, 2024 10:00AM
Context: House Hansard - 314 - May/21/24
Mr. Mark Gerretsen (Kingston and the Islands, Lib.)
  • May/21/24 10:59:50 p.m.
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Madam Speaker, I rise today to speak to the very important piece of legislation before us. It is what we call the fall economic statement, which was, yes, introduced in the fall. Unfortunately, because of Conservative delay tactics and their continuing to put forward amendments and having multiple people speak to it, we still have not even gotten to the place where we can pass the fall economic statement. However, I will say that a lot has happened since then, particularly with respect to inflation. Members may recall that this particular piece of legislation came in at a time when inflation was still working its way downward but had not yet gotten into the range that the Bank of Canada dictates in its policy, which is within a range of 2% to 3%. We were seeing higher inflation. When I think back to when we were having these discussions in the fall, one of the things I think about is what Conservatives were saying about our budgetary measures at the time. They were saying that they were inflationary budgets. The Conservatives were saying to stop spending money because when the government spends money it is just adding to inflation. They said it over and over. All the experts came out and said that actually the particular programs that the government was running in order to support Canadians were providing money to some of the most vulnerable people, the people who would be utilizing the money for basic necessities, and this was not going to contribute to impacting inflation. However, that did not matter to Conservatives because it was not feeding their narrative, so they continued on, marching along and talking about the supports that we were making for Canadians as something that was going to affect inflation and continue to drive it up. We see today that the year-over-year inflationary rate is at 2.7%. This is the lowest it has been in three years. It has been within the range of 2% to 3% despite the fact that I know Conservatives were rooting for inflation to continue to rise because that would fit their political narrative, and they do not worry about the impact it has on Canadians. The Conservatives always just want the government to fail in any possible way it can, just so they can get a little political gain out of it, even if it means it comes at the expense of Canadians. We have seen inflation now, for four straight months in a row, within the target that the Bank of Canada sets, which is between 2% and 3%. Conservatives were wrong. They were wrong when they said that investing in Canadians contributed to inflation, and they were wrong in predicting an outcome where those investments would actually drive inflation up. We knew that was going to be the case, because all the experts were saying it at the time, but what the Conservatives were doing is something that the member for Fredericton was talking about earlier. The Conservatives intentionally used and continue to use against Canadians the anxieties that Canadians feel. The Conservatives use those anxieties and turn them into a weapon against the very people that they are impacting, and they are doing it just for political gain. That is the only reason. It is the exact same reason that Conservatives say over and over that inflation is caused by the Prime Minister and the current government. An hon. member: Yes, you got it. Mr. Mark Gerretsen: Madam Speaker, in reality, we know that inflation is something that is going on throughout the entire globe. I know that the member for Saskatoon—University just ran back in here and sat down so he could heckle me. I challenge him to ask me a question, to actually think about a question that he can ask me when it comes time to do so, because I am looking forward to hearing what he has to say about what I am saying right now. I will, of course, respond to that question. What we heard is not only Conservatives being wrong—
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