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Decentralized Democracy

House Hansard - 93

44th Parl. 1st Sess.
June 21, 2022 10:00AM
  • Jun/21/22 2:31:59 p.m.
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Mr. Speaker, the Minister of Finance has continually gotten inflation wrong. First she said deflation was the concern. Then she said inflation was transitory—wrong and wronger. Now she says she is considering cutting taxes at the pumps. Good. When Alberta did this, it reduced its inflation rate as higher energy prices drive inflation. Every G7 country is doing something on gas prices. When will she start fighting inflation and give Canadians a break at the pumps, or is she that content to be the wrongest person in the room at the next G7?
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  • Jun/21/22 2:33:17 p.m.
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Mr. Speaker, these speNDP-Liberals love warning labels so much, there should have been a mandatory “this product causes inflation and will be harmful to your economy” sticker on the last budget. This Minister of Finance is fond of saying that her government “can walk and chew gum at the same time”. Okay, then, could she explain to the House how she can inject a post-COVID-19 stimulus of $100 billion into the economy and fight inflation at the same time?
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  • Jun/21/22 2:35:53 p.m.
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Mr. Speaker, the Liberals racked up more debt than every other government before it, combined. That puts all Canadians on the hook and they are worried whether they can make it. Scotiabank says the Liberals “are doing nothing of any significance to slow inflation at the moment” and “missed their chance to nip it in the bud”, the inflation they caused. RBC and BMO predict tomorrow’s inflation to be 7.4%, over double from May last year. Liberal spending caused this skyrocketing inflation and is forcing Canadians to choose between heating and eating. Why do the NDP-Liberals always make things so much worse for working everyday Canadians?
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  • Jun/21/22 2:36:32 p.m.
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Mr. Speaker, let me take another opportunity to point out to Canadians listening to us that Canada is tied with the United States in the G7 for the fastest rate of fiscal consolidation and the fastest rate of bringing down our deficit. Canadians know inflation is a global phenomenon. It is driven by Putin's war in Ukraine. It is driven by China's COVID-zero policies. I will give some numbers to back that up. Our latest inflation number is 6.8% in Canada. That is lower than the U.S., which is at 8.6%; Germany at 7.4%; the U.K. at 9.0%; and the OECD average of 9.2%.
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  • Jun/21/22 2:41:58 p.m.
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Mr. Speaker, last week, the Minister of Finance once again made an announcement about inflation without giving one cent to our farmers. She has been warned for months that agriculture is at risk. Inflation strikes farmers three times, not just once. The price of fuel, fertilizer and animal feed has skyrocketed and added $1.5 billion to their costs. If Ottawa does nothing, producers could go bankrupt and the price of food will continue to rise. Farmers submitted specific requests to the minister. When will she finally support them?
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