SoVote

Decentralized Democracy

House Hansard - 338

44th Parl. 1st Sess.
September 18, 2024 02:00PM
Context: House Hansard - 338 - Sep/18/24
Right Hon. Justin Trudeau (Prime Minister, Lib.)
  • Sep/18/24 2:46:13 p.m.
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Mr. Speaker, the Leader of the Opposition talks about driving investment out of Canada. He must be remembering his own time as minister, because since 2016, foreign direct investment is up 60% in this country. Last year, we were third in the world after the U.S. and Brazil, which makes us number one for foreign investment in the G20 per capita. The reality is, we are continuing to show the world that it can have confidence in Canada and in Canadians. Why does he not have confidence in Canadians? Why will he not invest in Canada?
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Context: House Hansard - 338 - Sep/18/24
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Sep/18/24 2:47:00 p.m.
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Mr. Speaker, the deputy governor of the Bank of Canada said of Canada's investment problems, “In emergency, break glass”. Canadian workers get 55¢ of investment for every dollar American workers get and only 65¢ for every dollar that an OECD worker gets. The gap between the Canadian and U.S. economy is now at a 100-year high after nine years of the NDP-Liberals. I will ask this one last time. The Prime Minister's own documents show that his 61¢-a-litre carbon tax will blow a $40-billion hole in our economy. If that number is not right, what is the real number?
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Context: House Hansard - 338 - Sep/18/24
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Sep/18/24 2:51:07 p.m.
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Mr. Speaker, from 2000 to 2014, Canadians attracted $30 billion to $100 billion more in American investment than the reverse. In the last nine years of the NDP-Liberal government, 450 billion more Canadian dollars were invested in the U.S. than were returned. That is Canadian money building U.S. pipelines and U.S. mines, and U.S. businesses paying American workers with Canadian money. That is the consequence of a high carbon tax and a high energy price, which drive jobs away. When will the Prime Minister learn that his radical plan to hike the tax to 61¢ a litre will destroy our economy further?
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Context: House Hansard - 338 - Sep/18/24
Right Hon. Justin Trudeau (Prime Minister, Lib.)
  • Sep/18/24 2:51:50 p.m.
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Mr. Speaker, the problem with that argument is that the Leader of the Opposition does not understand that the International Monetary Fund and others have projected Canada to have stronger growth than the United States next year, despite the fact that we have a price on pollution, or perhaps because of the fact that we have a price on pollution. It is drawing in investment from around the world in the growing sectors of the economy to ensure good jobs in mining, in environmental research and in various industries, because we know the future is greener.
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Context: House Hansard - 338 - Sep/18/24
Right Hon. Justin Trudeau (Prime Minister, Lib.)
  • Sep/18/24 3:24:50 p.m.
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Mr. Speaker, indeed, this government has put record amounts of infrastructure investment on the table to support Canadians in building transit, in building the infrastructure they need to get to and from work, and to be able to afford better homes closer to work. These are the things we are continuing to invest in. We call on all premiers to step up in their investments, to work with us on investing, to not listen to their Conservative colleague in Ottawa who wants to cut and underinvest in infrastructure, and instead, to work with us to invest in a stronger future for all Canadians.
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Context: House Hansard - 338 - Sep/18/24
Mr. Brad Vis
  • Sep/18/24 7:01:55 p.m.
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Madam Speaker, I could not think of a more out-of-touch answer to the very real concerns that I raised, which were backed by Statistics Canada data. In fact, talking about middle-class Canadians, as I outlined in my remarks, the capital gains tax will often only be paid by 63% of Canadians once in their lifetime. Why is that significant? It is because of the 80-year-old farmer in Hatzik Valley, who does not have any children, who came to me. He wants to keep his family farm in his family, but if he and his wife were to sell the property today, which is worth a few million dollars, they would not be able to have enough money to retire to assisted living, where they should be, because the capital gains tax increase they are paying has completely thrown off their retirement investment. I think of the auto mechanic who invested in a property to start a business and employ people. The government is saying, no, that they need to give more. That is not sufficient—
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