44th Parl. 1st Sess.
November 15, 2022 10:00AM
- Nov/15/22 2:20:25 p.m.
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Mr. Speaker, our economic plan is both responsible and compassionate. I want to note some of the key elements of this plan. We have already doubled the GST, which will help 11 million Canadian households. We are sending $500 to Canadians who are having a hard time paying their rent. We are paying for dental care for Canadian children. We are getting rid of the interest rate for all Canadian students.
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- Nov/15/22 2:21:51 p.m.
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Mr. Speaker, let me start by saying I think I have probably driven more pickup trucks than the Leader of the Opposition.
Since he wants to talk about the advice he has for Canadians on the economy and fighting inflation, let us talk about the advice he gave, which was that they could opt out of inflation by investing in crypto. If people had listened to him, and I fear some probably did, they would have lost at least 65% of their money, or maybe all of it. It is time for him to apologize.
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- Nov/15/22 2:23:14 p.m.
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Mr. Speaker, we have already talked about the Conservative leader's reckless advice to Canadians to invest in crypto. It is time for him to apologize.
Let us talk about the other elements of his plan. He wants to eviscerate the EI system that so many Canadians depend on. He wants to endanger seniors' pensions. He wants to make polluting free again. He wants to claw back climate cheques from Canadian families. He wants to deprive Canadian children of dental care. He wants to deprive low-income renters of the supports they get—
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- Nov/15/22 2:24:36 p.m.
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Mr. Speaker, I want to take this opportunity to be sure Canadians understand the blocking and delaying tactics of the Conservatives in our Parliament that are preventing Canadians from getting what they need right now.
The Conservatives are blocking and delaying our efforts to make housing more affordable with measures such as an anti-flipping tax and a tax-free first homes savings account. Who would be opposed to that? They are blocking our plan to permanently eliminate interest on Canada student loans. Why are they blocking that?
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- Nov/15/22 2:25:59 p.m.
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Mr. Speaker, we do have a plan. We have a positive plan that is fiscally responsible and compassionate. It is a plan to create jobs and fight climate change at the same time.
Here are some key elements of our plan: We are going to permanently eliminate interest on Canada student and apprentice loans, and we are going to move the Canada workers benefit to advance payments. It supports people who work really hard but who are not being paid very much. A family can get up to $2,400.
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Mr. Speaker, obviously, I am an anglophone, but I want to assure my Bloc colleagues and all my francophone colleagues in our Liberal caucus that French is a priority for me and our government. We understand how difficult it is for the Quebec nation to continue speaking French in an anglophone continent. For that reason, our government will always support French.
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Mr. Speaker, our government has been very clear with Air Canada about the importance of the French language and the use of French within the company. I have personally been very clear about this. I really want to assure all Canadian francophones, and Quebeckers in particular, that we understand how hard it is to preserve French and to keep using this beautiful language. We will support all these efforts.
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- Nov/15/22 2:30:01 p.m.
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Mr. Speaker, I have no doubt that every one of us, every member of the House, understands how precious our Canadian children are. I want to assure all Canadian mothers and fathers that our children are a priority.
With regard to health care, I want to point out that federal support this year will amount to $45.2 billion, which is an increase of 4.8%.
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- Nov/15/22 2:31:25 p.m.
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Mr. Speaker, I would like to thank the leader of the NDP for raising that really important question.
I just want to start by saying I am absolutely sure that every single MP in the House cares so much about Canada's children. We know they are the most precious people we have in this country.
I also want to say that our government understands the challenges our health care system is facing. Our Minister of Health did some important work with his provincial and territorial colleagues last week. Let me just point out that the federal health transfer this year will be $45.2 billion—
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- Nov/15/22 2:32:40 p.m.
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Mr. Speaker, on this side of the House, we know what is really out of touch.
What is out of touch is to advise Canadians, Canadians who are legitimately concerned about inflation, and say to them, “I have a magic solution to your problems”, and advise those worried Canadians to invest in crypto. That is what the Leader of the Opposition did.
If a Canadian had listened to him, had listened to that advice, a $10,000 investment would be worth just $3,500 today. They should apologize.
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- Nov/15/22 2:33:58 p.m.
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Mr. Speaker, what Canadians need today is a government that is prepared to support them, is prepared to be compassionate and also fiscally responsible, and does not reach for easy populous advice, like investing in crypto. Canadians need a government that understands that people need real support today.
That is why we are going to stick with our plan. We are going to send those GST cheques to 11 million households. We are going to send the Canada workers benefit to hard-working Canadians. We are going to eliminate interest on Canada student loans.
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- Nov/15/22 2:36:46 p.m.
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Mr. Speaker, I want to spend a moment talking about inflation and our government's fiscally responsible approach.
I am going to quote The Globe and Mail. The Globe and Mail is not always that supportive of our government's policies, but here is what The Globe and Mail had to say—
Some hon. members: Oh, oh!
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- Nov/15/22 2:37:31 p.m.
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Mr. Speaker, here is what The Globe and Mail had to say about the fall economic statement: “It is, broadly speaking, the right approach.... Canada [has] the slimmest government shortfall in the G7. In inflation-fighting terms, that has Liberal fiscal policy looking pretty good”.
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- Nov/15/22 2:56:10 p.m.
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Mr. Speaker, I want to tell members what is cruel. What is cruel is saying to Canadians, who are genuinely anxious about inflation, “You know what, I have a magic idea that will let you opt out of that inflation” or saying to them “You know what, I think you should buy crypto”, and that is what the current leader of the Conservative Party said to Canadians. If Canadians had listened to him, a $10,000 investment would have shrunk by 65%. That is cruelty.
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- Nov/15/22 3:05:20 p.m.
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Mr. Speaker, as I said earlier, the Globe and Mail wrote “Liberal fiscal policy looking pretty good”, but let me give a few more proof points.
The day that I tabled our fall economic statement, Moody's, the rating agency, reaffirmed Canada's AAA credit rating with a stable outlook. It does not get better than that. Canada has the lowest deficit in the G7. We have the lowest debt in the G7. We are a very fiscally responsible government.
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- Nov/15/22 3:06:44 p.m.
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Mr. Speaker, it is a fact that the Conservatives are wrong. Our economic plan is fiscally responsible.
The day that the economic statement was tabled, Moody's reaffirmed Canada's AAA credit rating. Canada has the lowest deficit in the G7. Canada has the lowest debt in the G7. Our economy is strong and our plan is fiscally responsible.
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- Nov/15/22 3:09:14 p.m.
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Mr. Speaker, I just want to state the facts and talk about Canada's economic reality.
The reality is that our economic plan is fiscally responsible. Canada has the lowest deficit and the lowest debt-to-GDP ratio in the G7.
Canada's AAA credit rating was reaffirmed two weeks ago.
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