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Decentralized Democracy

House Hansard - 126

44th Parl. 1st Sess.
November 14, 2022 11:00AM
Context: House Hansard - 126 - Nov/14/22
Hon. Randy Boissonnault
  • Nov/14/22 3:41:00 p.m.
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  • Re: Bill C-32 
Mr. Speaker, we are clearly in an inflationary cycle. That is no secret. It is happening here in Canada, and it is happening in Germany, in France, in the United States and in the United Kingdom. It is important to note, however, that inflation here in Canada is among the lowest in the world, as are our interest rates. What we have done for seniors is make sure all the benefits and supports they get, such as old age security, are indexed. They get their payments quarterly, not annually. That means there is a quarterly adjustment for inflation. We will work with our counterparts the world over to slow inflation. In the meantime, we will invest in Canadians who need it most where they need it most.
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