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House Hansard - 58

44th Parl. 1st Sess.
April 26, 2022 10:00AM
Context: House Hansard - 58 - Apr/26/22
Mr. Garnett Genuis (Sherwood Park—Fort Saskatchewan, CPC)
  • Apr/26/22 3:47:00 p.m.
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Madam Speaker, I have a brief follow-up to my earlier exchange with the member. I think it is clear there are a variety of government policies at the fiscal level that are impacting inflation, and that impact is especially strong at this point as we are seeing the highest level of inflation in decades. This is at a point when we have very much come out of the depths of the pandemic. There is also a question of the target the federal government sets and how seriously it sets that target, because the Bank of Canada operates within the target that has been set by the federal government. It is ultimately the government that establishes the policy framework that governs the way the Bank of Canada, which is an independent but Crown corporation, operates. To re-emphasize my previous question, does the member acknowledge that the policy choices of the current government are driving inflation and making things more expensive, and that it could be making different policy choices that would address this problem of inflation and the rising prices of goods that people are seeing?
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