44th Parl. 1st Sess.
December 8, 2021 02:00PM
- Dec/8/21 2:23:35 p.m.
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Mr. Speaker, the United States, the United Kingdom, Australia and New Zealand all announced that Huawei would have no place in their 5G infrastructure years ago. Our Prime Minister has still not made a decision. The Five Eyes all came out with a diplomatic boycott of the Olympics, and the Prime Minister was the last one to sign on.
When it comes to the international stage, why is the current Prime Minister always the last one to show up?
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- Dec/8/21 2:24:38 p.m.
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Mr. Speaker, more than a quarter of Canadians have mortgages with a variable rate. The number of high-leverage uninsured mortgages is more than 25% according to the Bank of Canada. The bank suggested today that it would raise interest rates soon. Some experts predict five interest rate increases next year.
How many thousands of families are at risk of losing their homes because the Prime Minister has ignored the inflation crisis?
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- Dec/8/21 2:25:48 p.m.
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Mr. Speaker, higher inflation means higher prices for families. Prices are 21% higher for apples, 22% higher for bacon and 33% higher for a house. The Prime Minister said he has a concrete plan, but the government has not committed to keeping the 2% inflation target as part of the bank's new mandate. Keeping the 2% inflation target is the bare minimum the Prime Minister could do to fight the cost of living crisis.
He talks about a plan and being there for Canadians. My question is simple. Will the government mandate the Bank of Canada to maintain its 2% target, yes or no?
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- Dec/8/21 2:27:11 p.m.
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Mr. Speaker, Canadians should be worried when the Prime Minister and the finance minister will not answer a simple question about fighting inflation by keeping the 2% target. What are they going to do for Canadians who are struggling? The Prime Minister does not think about monetary policy. He does not think about interest rates. He thinks budgets will balance themselves.
How bad does the cost of living crisis have to get before the Prime Minister gets a grip?
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- Dec/8/21 2:28:17 p.m.
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Mr. Speaker, inflation has never been as bad as it is now.
Inflation means that everything goes up, especially the cost of fruit, meat, housing and gas. The list is long, and Canadians are worried.
This government has not yet given the Bank of Canada a mandate to maintain the 2% inflation target.
Will the government maintain the 2% target, yes or no?
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- Dec/8/21 3:02:07 p.m.
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Mr. Speaker, there was a historic admission in the House of Commons today. The Prime Minister put aside his talking points about having people's backs and admitted that the rising cost of gas, food and essentials is just inflation.
With that admission out of the way, now knowing that inflation is gripping this country and the rising cost of living is worrying families and seniors on fixed incomes, will he take the next step and today tell Canadians that he will mandate the Bank of Canada to get inflation back down to 2%?
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- Dec/8/21 3:03:13 p.m.
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Mr. Speaker, Canadians have seen, just in the last few years, houses go up 33%. Rents in Victoria, B.C., in one year alone are up 20%. Families with children are using food banks more than ever before. Families are worried and they have a Prime Minister who said he does not think about monetary policy, a Prime Minister who does not seem to know about the rising cost of living, and a Prime Minister who said famously that “budgets balance themselves”.
Will the Prime Minister stand up in this House, say he will fight for Canadians and get inflation back down?
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- Dec/8/21 3:04:32 p.m.
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Mr. Speaker, this is a serious issue. This is not about the Prime Minister or the Leader of the Opposition. He suggests we are getting desperate. Canadian families are getting desperate.
There are single parents worried about Christmas gifts this year. There are seniors on fixed income who cannot afford to fill up their car. There are people worried about transient employment and driving Uber to save for a car over 15 years. He has a time to not say “I have their backs”. He has a time to say he will ask the Bank of Canada to get inflation back down to 2%.
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