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House Hansard - 5

44th Parl. 1st Sess.
November 26, 2021 10:00AM
Context: House Hansard - 5 - Nov/26/21
Mr. Kelly McCauley (Edmonton West, CPC)
  • Nov/26/21 12:29:11 p.m.
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  • Re: Bill C-2 
Mr. Speaker, congratulations on your election as Deputy Speaker. I want to thank my colleague for Carleton for drawing the direct correlation between the massive spending and our out-of-control inflation. The government likes to pretend that it is a global issue, but I would point out that we have the second-highest inflation rate in the G7 and we are third highest for food inflation, so I do not think it is just a global issue but a made-in-Canada one. One of my colleagues from the Liberal Party asked where we would cut. However, in the previous Parliament, we heard that the $80-billion wage subsidy did not go through Treasury Board scrutiny as required under legislation. We saw that money went to wealthy hedge fund managers, Air Canada bonuses and Lululemon, whose market cap at the same time was growing by $9 billion. I wonder if my colleague for Carleton would like to comment on this wage subsidy going out of control without any oversight from the government.
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Context: House Hansard - 5 - Nov/26/21
Mr. Kelly McCauley (Edmonton West, CPC)
  • Nov/26/21 1:50:36 p.m.
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  • Re: Bill C-2 
Mr. Speaker, my colleague and I have had the pleasure of serving together on the government operations committee for six years. I hope to see both of us again on OGGO, despite what he may wish. My colleague probably knows that the last time around with the wage subsidy, we had a lot of criticism, as it was going to wealthy hedge fund managers, big corporations and Chinese communist state-owned companies. We asked the previous Treasury Board president if the $80 billion of new spending went through the required Treasury Board approval process, and the minister stunned us all by saying it had not. I am wondering if my colleague could assure us that the new spending in Bill C-2 has gone through the Treasury Board approval process, as required by the Treasury Board framework.
137 words
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