44th Parl. 1st Sess.
December 9, 2021 10:00AM
- Dec/9/21 2:21:16 p.m.
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Mr. Speaker, the hon. member across the way knows that the Bank of Canada mandate is reviewed every five years. This process is under review right now. The bank has undertaken an extensive process on this matter. There have been good conversations between the government and the Bank of Canada. We look forward to announcing the results of that review in due course.
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- Dec/9/21 2:22:21 p.m.
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Mr. Speaker, the hon. Leader of the Opposition knows that the Bank of Canada is independent and has been so since 1991, when monetary policy became its province. Canada was the second country in the world to establish an independent central bank, an approach that has become an international best practice.
Canadians quite rightly expect better from all MPs than taking cheap shots at the strong, independent institutions that have served the national interest with so much predictability and good service.
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- Dec/9/21 2:24:26 p.m.
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Mr. Speaker, we know that inflation and affordability are pressing issues for Canadians. We know these are global phenomena, not a problem unique to Canada.
I also want to reassure Canadians that we are working hard to make life more affordable for them. Our child care plan will reduce family expenses significantly. We are determined to make the cost of living more affordable.
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- Dec/9/21 2:27:44 p.m.
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Mr. Speaker, let us review some of the ways that we are making life more affordable for Canadians: A single mom with two kids will receive $13,600 from the Canada child benefit; the average family in Saskatchewan will get almost $1,000 back with the carbon price rebate; seniors received $500 this month; we are increasing OAS by 10%; and a student will save more than $3,000 with the changes we made to the program. That is how we are making life more affordable. We will continue to do so.
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- Dec/9/21 2:28:55 p.m.
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Mr. Speaker, our government is committed to asking those who prospered during the pandemic to help a little more for those who did not. Our platform committed to raise corporate income taxes on the largest, most profitable banks in the country, as well as insurance companies, and introduced a temporary Canada recovery dividend given that they have recovered faster. We are also working to implement a global minimum tax and 136 OECD/G20 inclusive framework members have signed up.
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- Dec/9/21 2:29:57 p.m.
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Mr. Speaker, since taking office, this government has been focused on making life more affordable for Canadians. The very first vote I took in this place was to lower taxes on the middle class. We introduced the Canada child benefit to support families. We increased supports for seniors, lowered small business taxes, increased the Canada workers benefit, increased the Canada student grant, all making life more affordable.
In Alberta, thanks to the child care deal, Albertans will save thousands of dollars a month starting January 1. Life will be more affordable for Canadians. That is what we will do.
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- Dec/9/21 2:31:08 p.m.
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- Re: Bill C-2
Mr. Speaker, we saw through the campaign that the Conservative Party was skilled at flip-flopping, but I find it particularly shocking that the flip-flopping is happening during the same question period.
Do they actually want us to invest more or less in Canadians, because if it is more, then they should vote for Bill C-2.
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- Dec/9/21 2:32:06 p.m.
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Mr. Speaker, our government has always been committed to making life more affordable for Canadians across the country. I would like to provide a few examples: A single mother with two children will receive $13,600 from the Canada child benefit; the average family in Saskatchewan will receive almost $1,000 from the carbon price rebate; seniors received $500 this summer; a student will save an additional $3,000. These are a few examples of how we are making Canadians' lives more affordable.
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- Dec/9/21 2:34:37 p.m.
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Mr. Speaker, the pressures created by the disruptions in the supply chain and the shift from purchasing services to purchasing goods are real, but they are also transitory.
In the meantime, other additional costs are making life unaffordable for Canadian families. That is why our government is so focused on reducing the cost of child care and the cost of housing.
We are here to make life more affordable, and that is what we are going to do.
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- Dec/9/21 2:35:48 p.m.
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Mr. Speaker, once again, the other side is trying to paint a story of doom and gloom for Canadians, but Canadians know better. Inflation in Canada in November was 4.5%. In the United States, it was 6.2%. It was 6.2% in Mexico. It was 4.9% in New Zealand. The experts agree that this is not a made-in-Canada phenomenon. The former governor of the Bank of Canada, Stephen Poloz, agreed and even the leader of the Conservative Party has agreed that this is a global phenomenon.
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