SoVote

Decentralized Democracy

House Hansard - 337

44th Parl. 1st Sess.
September 17, 2024 10:00AM
Context: House Hansard - 337 - Sep/17/24
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Sep/17/24 2:20:25 p.m.
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Mr. Speaker, I am so glad I get to answer a question about Canada's economy because it gives me the chance to celebrate the good news that we got this morning. Inflation was at 2% in August. It is back down to where it was before the pandemic. That is real progress for our country, and the Conservatives should be celebrating that.
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Context: House Hansard - 337 - Sep/17/24
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Sep/17/24 2:21:05 p.m.
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Mr. Speaker, I am sure that people wait-listed for food banks or living in tents and homeless camps will be celebrating today. However, the government is trying to take credit for the fact that, after inflation reached a 40-year high, prices are still going up, not down. My question is this. Why is the Bloc Québécois supporting the most centralizing and costly government ever, which has no respect for Quebec's jurisdictions or Quebeckers?
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Context: House Hansard - 337 - Sep/17/24
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Sep/17/24 2:21:52 p.m.
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Mr. Speaker, once again, the Conservative leader is displaying his incompetence as far as the economy is concerned. In reality, 2% is where Canada was before the pandemic. In reality, inflation has been within the Bank of Canada's target range since the start of this year. In reality, wages have been rising faster than inflation for 19 months now. The Conservatives are not happy, however. They wish we had bad news for Canadians.
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Context: House Hansard - 337 - Sep/17/24
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Sep/17/24 2:23:25 p.m.
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Mr. Speaker, I am so glad to have the chance to talk about the economy. That is because today we had good news for Canadians. Inflation is back down to where it was before COVID hit. Inflation has been within the Bank of Canada's target range this whole year. Wages have outpaced inflation for 19 months in a row. However, Conservatives do not want to talk about it. They are so weak and spiteful that, for them, good news for Canadians is bad news they want to ignore.
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Context: House Hansard - 337 - Sep/17/24
Mr. Jagmeet Singh (Burnaby South, NDP)
  • Sep/17/24 2:30:21 p.m.
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Mr. Speaker, the Liberals have let people down again and again, and they are done. That is clear from the results of the elections last night. The Liberals are done. Maybe it is because they keep teaming up with the Conservatives to let greedy CEOs continue to rip off Canadians. In fact, inflation numbers show that grocery greed has driven up food prices more than 21% in the past three years. Why did the Liberals team up with the Conservatives to protect greedy CEOs from a price cap on food essentials?
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Context: House Hansard - 337 - Sep/17/24
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Sep/17/24 2:31:00 p.m.
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Mr. Speaker, I hope the NDP and indeed all members of the House will set partisanship aside for one moment to congratulate Canadians on the light at the end of the tunnel, on the fact that after an extremely challenging time with COVID and its economic aftermath, inflation is back to where it was before COVID first hit. When it comes to taxes, we believe that those who have the most capacity should pay their fair share. We have acted on that.
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Context: House Hansard - 337 - Sep/17/24
Mrs. Tracy Gray (Kelowna—Lake Country, CPC)
  • Sep/17/24 6:37:33 p.m.
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Madam Speaker, I am wondering if the member can speak to this. During his entire speech, he did not reference any of the causes of food prices going up. For example, there is the inflationary deficit spending that caused inflation to increase for food in double digits. There are the tax increases caused when we tax the farmer who grows the food, those who transport the food, those who warehouse the food and those who retail the food; we actually tax the end user of the food. I am wondering if the Liberal member can speak to the actual causes behind why food prices have gone up so much.
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Context: House Hansard - 337 - Sep/17/24
Ms. Rachel Bendayan
  • Sep/17/24 7:47:30 p.m.
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No, Madam Speaker, I do not include provincial debt in the federal debt. Since I only have one minute and my colleague raises several points, I thought I would take the opportunity, given the news of today, to remind Canadians that inflation has fallen from its high, at over 8%, to just 2% in Canada. That is a reduction of over three-quarters, beating all forecasts, and is now perfectly in line with our target rate set by the Bank of Canada. Canada was actually the first among all of our peers to cut interest rates, and then cut them again and then cut them again, bringing relief to homeowners today and tomorrow. That will help not only homeowners right now in our country but prospective homeowners. I have many more numbers on my sheet, but I see that my time is coming to a close. I would be happy to respond to additional finance questions from my Conservative colleague in the future.
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