44th Parl. 1st Sess.
November 4, 2022 10:00AM
- Nov/4/22 11:22:02 a.m.
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Madam Speaker, global inflation is impacting the world's economy, but Canada's strong fiscal position is helping us make sure that life is more affordable and we are growing an economy that works for everyone. Today, 11 million Canadian households will be receiving hundreds of dollars in their bank accounts because of the doubling of the GST benefit. That is happening today. That includes over 50% of seniors, and students are going to save thousands of dollars because we are permanently eliminating interest on student loans. At the same time, Canada's workers are going to benefit from the investments we are making in clean technology, which is already creating sustainable, clean jobs for everyone.
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- Nov/4/22 11:23:51 a.m.
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Madam Speaker, Canada actually has the lowest projected growth of any advanced economy in the G7. That is on the 25th page of the last budget. The spending of the government is 30% higher. Does one think it is irresponsible that an inflation tax is eating into the paycheques of middle-class Canadians? One in five families are cutting down on their diets. The Prime Minister spent $6,000 a night on the most expensive hotel room in London, while Canadians cannot even pay their rent.
They know and they see the hypocrisy that every other Canadian sees. Why will the member not just finally condemn it?
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- Nov/4/22 11:24:32 a.m.
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Madam Speaker, I am happy to talk about the fall economic statement, because it puts forward a plan that grows our fiscal advantage by continuing to reduce our debt-to-GDP ratio, creating new and sustainable jobs through the Canada growth fund, reducing credit card transaction fees for small businesses, accelerating Canada clean's transition, commercializing Canada's world-class research and development, investing in youth employment and cutting taxes for small businesses. We are making life more affordable. We are growing an economy that works for everyone.
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- Nov/4/22 11:32:47 a.m.
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Madam Speaker, Canadian workers need and deserve a robust industrial policy that will deliver good, sustainable and clean jobs. The Canada growth fund will help deliver billions of dollars of new investment required to reduce our emissions, grow our economy and create high-paying jobs.
We are replacing inefficient fossil fuel subsidies with major investment credits for clean technologies and clean hydrogen. We are creating a sustainable jobs training centre to help Canada's unions ensure that our workforce is ready to prosper in our growing, clean economy.
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- Nov/4/22 11:41:56 a.m.
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Madam Speaker, the fall economic statement puts forward a plan that leverages our strong fiscal position while lowering our deficit by $16 billion. It also modernizes Canada's research facilities, strengthens Canada's anti-avoidance tax measures and makes life and housing more affordable, while eliminating inefficient fossil fuel subsidies.
Instead, we are investing in clean, sustainable jobs of the future that Canadian workers are going to help us all make happen. This is what it means to have a strong environment and a strong economy working hand in hand, and that is exactly what we are doing.
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- Nov/4/22 12:01:12 p.m.
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Madam Speaker, the Deputy Prime Minister and Minister of Finance presented the fall economic statement yesterday, outlining our plan to continue investing to grow our economy, make life more affordable for Canadians and build a Canada where no one is left behind.
As members know, Canada faces real challenges, but also real opportunities.
Can the hon. Parliamentary Secretary to the Minister of Tourism tell us about the concrete measures the government is taking—
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- Nov/4/22 12:06:12 p.m.
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Madam Speaker, the investments that we have made and continue to make through the fall economic statement will grow the Canadian economy. We are drawing investors through the Canada growth fund, and we are upscaling and training workers toward a low-carbon economy through a sustainable jobs plan.
The economic future for southern Ontario is solid. It will be inclusive, diversified and enable Canadians to reach their full potential. This is an economy that works for all Canadians.
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