44th Parl. 1st Sess.
May 2, 2022 11:00AM
- May/2/22 2:45:29 p.m.
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Mr. Speaker, I thank the hon. member for his question.
I am glad the Conservatives are finally admitting that inflation is really a global phenomenon. Canadians understand that very well. The latest inflation rate reported for Canada was 6.7%. In the United States, it is 8.5%. For the OECD, it is 7.7% and for the eurozone, it is 7.3%.
Putin and COVID-19 caused inflation.
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- May/2/22 3:05:20 p.m.
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Mr. Speaker, as we announced in last year's budget, we will be providing more than $100 million to support wineries in adapting to ongoing and emerging challenges. The program is expected to open for application intake this summer.
As I am sure the hon. member knows, Canada had a WTO dispute with Australia. We settled that dispute in July 2020, and our settlement required the repeal of our exemption by June 30, 2022.
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