44th Parl. 1st Sess.
December 6, 2021 11:00AM
- Dec/6/21 2:23:04 p.m.
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Mr. Speaker, let me thank the deputy leader of the Conservative Party for that very important question, and while we disagree about many things in the House I hope that on this very sombre anniversary we can all agree that violence against women is simply unacceptable.
Today, it is very important that we remember the 14 young women from Montreal's École Polytechnique who were killed just because they were women.
Our budget made unprecedented investments in fighting violence against women.
We have just had a moment of silence in the House, but I wonder if people would think it appropriate, and if you, Mr. Speaker, would think it appropriate, for all the women MPs to rise for one moment now to remember them.
[A moment of silence observed]
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- Dec/6/21 2:24:59 p.m.
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Mr. Speaker, the renewal of the mandate of the Bank of Canada, which happens every five years, is indeed a serious and important moment for our economy. The Bank of Canada has undertaken an extensive process to consider this decision, and there have been very good discussions between the government and the bank. We look forward to announcing our agreement with the bank on the mandate in due course.
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- Dec/6/21 2:26:03 p.m.
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Mr. Speaker, our government has every confidence in the Bank of Canada and we respect its independence. We also happen to know, on this side of the House, the difference between fiscal and monetary policy. We would never cast aspersions on the Bank of Canada such as those we have heard from the Conservatives, who have described it, for example, as an ATM.
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- Dec/6/21 2:27:13 p.m.
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Mr. Speaker, we understand quite well that affordability is an important issue for Canadian families. We also understand, as does Stephen Poloz, the former governor of the Bank of Canada appointed by Stephen Harper, that inflation is a global phenomenon. Here are some numbers to back that up: In October, the inflation rate was 4.7% in Canada and 6.2% in the U.S. Germany, in turn, just announced a 6% inflation rate.
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- Dec/6/21 2:28:42 p.m.
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Mr. Speaker, while the Conservatives continue with their irresponsible fearmongering and attempts to talk down the Canadian economy, Canadians are smart and know the facts.
Our GDP grew 5.4% in the third quarter, exceeding market expectations and the performance of the U.S., Japan, the U.K. and Australia. In addition, Canada has now recovered 106% of the jobs lost during the COVID-19 recession.
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- Dec/6/21 2:38:55 p.m.
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Mr. Speaker, once upon a time, the Conservatives liked to cast themselves as the party of sound economic management, but now they have a finance critic who, as one columnist recently put it, “has breezily bent facts past the breaking point, notably by asserting that Canada has run the largest budget deficit in the Group of 20, and that Canada's inflation rate is far higher than all its peers except the United States.”
Neither assertion is true, of course, so why should we listen to anything the member for Carleton has to say?
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- Dec/6/21 2:40:23 p.m.
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Mr. Speaker, maybe the Conservatives' truth problem starts at the top. After all, a recent press conference by the Leader of the Opposition was littered with misleading statements about the economy. I will not get through all of them, but I will start.
He said that Canada has the lowest growth. The truth is that Q3 GDP numbers show our economy is growing faster than those of the U.S., U.K., Japan and Australia.
He said that Canada has the worst record on employment. The truth is that we have recovered over 106% of jobs lost since the pandemic, compared to just 83% in the U.S.
I could go on, but I have run out of time.
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- Dec/6/21 2:41:49 p.m.
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Mr. Speaker, it turns out it is not just the member for Carleton or the Leader of the Opposition who have a truth problem. Last week, the member for Kootenay—Columbia claimed that we are experiencing hyperinflation, but hyperinflation happens when inflation gets to 50% a month. The member for Lambton—Kent—Middlesex claimed that we are experiencing stagnation, but in the third quarter, our economy grew by 5.4% a month.
The Conservatives are yet again showing Canadians that they just cannot be taken seriously.
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- Dec/6/21 3:07:15 p.m.
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Yes, I will, Mr. Speaker, and any suggestion otherwise is absolutely false.
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