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Decentralized Democracy

House Hansard - 107

44th Parl. 1st Sess.
October 4, 2022 10:00AM
Context: House Hansard - 107 - Oct/4/22
Mr. Maxime Blanchette-Joncas
  • Oct/4/22 11:53:00 a.m.
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  • Re: Bill C-30 
Madam Speaker, it is good to have a targeted measure for people who are truly in need, low-income Canadians and the most vulnerable. My colleague mentioned the central bank. I think that it is also important to point out that we must reaffirm our confidence in our institutions. That is very important. We heard many things from a new party leader, in particular that he wanted to abolish Canada’s central bank. It is sensible and perfectly normal to criticize the role of Canada’s central bank. We need to understand that, as an institution, it has succeeded in containing and maintaining inflation at a rate of 1% to 3% since 1991. Right now, however, we are facing the unknown, in terms of both supply and demand. Obviously, there are a number of external factors beyond the Bank of Canada’s control that are driving the rise in inflation. In this respect, we need to implement targeted measures, and the Bloc Québécois agrees. I hope that the government will learn how to take action when faced with a particular situation rather than waking up five months later as it is doing now.
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Context: House Hansard - 107 - Oct/4/22
Mr. Kody Blois
  • Oct/4/22 12:33:58 p.m.
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  • Re: Bill C-30 
Mr. Speaker, the hon. member speaks on economic policy. I think he would know that with inflation no one has a perfect handle, exactly. Its root causes are driven by a lot of different factors. Whether they are demographic, supply chain or government spending, there is a whole lot in it. When the government tabled its budget in the spring, it would have been looking at the situation and wondering whether that inflationary period was going to continue. It is clear that it is still hanging on right now. Notwithstanding that the work of the Bank of Canada to help bring down demand and inflation, we felt it was necessary at this point to put support measures in place. We do not want to overplay our hand. We do not want to pour fuel on the fire. Notwithstanding that the member would have liked to see even more support at that time, we think it is important to hold back some of that support until such time that it is needed. The government feels that right now is an important time.
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