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Decentralized Democracy

House Hansard - 56

44th Parl. 1st Sess.
April 8, 2022 10:00AM
  • Apr/8/22 10:36:20 a.m.
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Mr. Speaker, that was an interesting speech. I will say that much. I would also add that it was a little devoid of reality at times. The bottom line is this. The member makes reference to it being serious, and it is a serious budget. It is a budget that reflects the interests of Canadians and truly cares about Canadians. We continue to support Canadians. Here are some basic facts. In 2019, our unemployment rate was at 5.4%. That was at a 50-year low. Today, the unemployment rate is at 5.5%. Canada is doing exceptionally well coming out of the pandemic from an unemployment perspective. The member spent so much time on inflation. What he does not tell us is that, with respect to world inflation, Canada is at 5.7%, the U.S. is at 7.5% and the average of the G20 countries is 6.1%. Again, Canada is doing exceptionally well. This is a budget for Canadians. It is a budget that is going to make a difference. It is a budget that is going to continue to show that this is a government that cares and has a vision going into the future. I wonder if my colleague can provide his thoughts as to why he believes Canada continues to make historic gains with respect to unemployment levels, especially following a pandemic.
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  • Apr/8/22 11:21:04 a.m.
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Mr. Speaker, I would like to thank my colleague for asking a question about the results we are delivering. This morning, Statistics Canada announced that we have the lowest unemployment rate in nearly 50 years. We have recovered 115% of the jobs lost during the pandemic. I would like to thank the hard-working Canadians from coast to coast who are rolling up their sleeves, getting to work and creating growth for our country.
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  • Apr/8/22 11:23:34 a.m.
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Mr. Speaker, my colleague mentioned the Liberal record. Today, Statistics Canada reported that the unemployment rate has hit a 50-year low. We have recovered 115% of the jobs lost during the pandemic. That is our record. Our plan is working, and I thank my colleague for his question.
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  • Apr/8/22 11:33:07 a.m.
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Mr. Speaker, Canada has the strongest labour market recovery in the G7, having recouped 115% of the jobs lost during the pandemic. This includes 73,000 jobs in March, which has pushed Canada's unemployment rate to 5.3%. That is the lowest unemployment rate that Canada has seen in more than 50 years. Budget 2022 builds on this success by unwinding Canada's pandemic deficits and continuing to reduce our debt-to-GDP ratio, while working to fight climate change and, yes, investing in housing affordability.
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