44th Parl. 1st Sess.
April 29, 2022 10:00AM
- Apr/29/22 11:36:13 a.m.
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Madam Speaker, the Liberal-NDP government is pricing Canadians out of their own lives. Instead of coming up with solutions, it likes to refer to other countries’ inflation levels. I have some numbers for it. France is at 4.4% and Japan is at 1.2%. However, comparison does not help a millennial afford a home or give hope to Canadians who are one paycheque away from bankruptcy. It is Liberal spending that is leaving a debt load for future generations.
When will the government take responsibility for the position it has put Canadians in and cut its spending?
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- Apr/29/22 11:38:51 a.m.
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Madam Speaker, before the Liberals even presented their NDP budget, they were proudly bragging about how inflated tax revenues, from tax increases and inflation, would let them spend even more than before. They proudly announced the billions added to the national debt, yet for all that spending, they cannot explain to my constituents why food and house prices will only continue to rise. The Liberals point their fingers away from themselves.
Is the government ever going to connect the dots and see that its continued high spending means higher costs of basic necessities for hard-working Canadians?
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- Apr/29/22 11:40:14 a.m.
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Madam Speaker, aggressive rate hikes are coming and that is because the government continues to spend recklessly. Here is what that means for an average Canadian. If they are lucky enough to buy a house for the $800,000 that it costs, with a 2% mortgage they are paying about $3,400 a month for mortgage payments. The potential of a 3% rate hike means $3,400 turns into $5,200.
Why is the government drowning Canadian homeowners in the debt of tomorrow to pay for the pet projects of today?
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- Apr/29/22 11:40:50 a.m.
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Madam Speaker, we just recently had an election where the Conservatives committed to spending more than what we proposed. They pretend to be good fiscal managers, but this is impossible if they are not committed to evidence-based decision-making.
Our government will lower our debt-to-GDP ratio every single year for the next five years. Unlike the Conservatives, we will do this while fighting climate change, investing in housing affordability and building a Canadian economy of the future alongside our indigenous partners.
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- Apr/29/22 11:47:07 a.m.
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Madam Speaker, before the pandemic, it took only two Conservative governments to accrue more than 70% of Canada's prepandemic debt. That is because their fiscal ideology is to cut taxes for the wealthy and to cut services for everyone else.
In stark contrast, our last Liberal government paid down our national debt significantly. We have demonstrated that one can be a good fiscal manager while investing in Canadians, growing the economy and continuing to fight poverty and climate change.
Budget 2022 lowers our debt-to-GDP ratio and will help build a Canada where no one is left behind.
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- Apr/29/22 12:49:37 p.m.
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- Re: Bill C-8
Madam Speaker, it is always a pleasure to hear my colleague from Louis‑Saint‑Laurent speak in the House.
One thing we would have liked to see in this bill is a bit more recognition of the issues facing small businesses.
My numbers are from October 31, 2021, and the situation may have gotten worse since then, but the Canadian Federation of Independent Business, or CFIB, states that more than one-quarter of SMEs in Quebec may not make it through 2022. Recovery is not a given, and it is not easy.
Does my colleague agree that the criteria for partial loan forgiveness under the Canada emergency business account could be made more flexible, based on certain conditions that would be determined down the road? That would be a big help to businesses that are having a hard time getting out of pandemic-related debt, including these loans.
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