44th Parl. 1st Sess.
November 15, 2022 10:00AM
Madam Speaker, it is truly a privilege to rise in this place and have the opportunity to speak to the fall economic statement. Before I begin, I note that I will be splitting my time with the member for Mégantic—L'Érable.
I listened with interest to the interventions made during the debate, both yesterday and this morning, and I just want to thank my colleagues on this side of the House for speaking up for Canadians. Canadians are finding it harder and harder to make ends meet, as there is more month left at the end of the money, and they are having to make really tough choices because the Prime Minister and the government did not.
This piece of legislation comes at a critical time for Canadians. There is a severe cost of living crisis, which the Liberal government has done nothing to address in this statement. Instead, it continues to spend more, which continues to push the inflation rate higher, causing the fastest rise in interest rates in decades. This has had devastating consequences for Canadians. In the fall economic statement, the Liberals are predicting that economic growth will be 0.7% lower next year and that Canada's national debt will reach $1.177 trillion.
Home prices have doubled since 2015. The increase in the housing prices and skyrocketing inflation and interest rates have put the dream of home ownership out of reach for millions of Canadians. Paycheques no longer go as far due to just inflation. Nearly 50% of Canadians are $200 away from insolvency, and the price of groceries, gas and home heating just keeps going up.
While the Deputy Prime Minister made the difficult decision to cut Disney+, too many Canadians are being forced to cut their diets. Food bank usage is at an all-time high. With the price of groceries up by almost 11%, moms are adding water to their children's milk, and seniors cannot afford to heat their homes. Canadians are getting closer to the edge, and the Liberal government just keeps pushing them further. The government does not understand how to assist Canadians.
Over the past seven years under the government, it has only gone from bad to worse. While believing that budgets will balance themselves and promising to budget from the heart out with no more than $10 billion in deficits, the Prime Minister has spent more than all previous prime ministers combined, running the most expensive government in Canadian history.
Now I know the government likes to use the pandemic for cover on spending issues, but 40% of all new government spending measures have nothing to do with COVID. That is over $200 billion. By next year, the cost to pay just the interest rate on our national debt will be equal to the amount being spent on the Canada health transfer.
Canadians need relief now, not more empty promises from the Liberal government. With over $170,000 being added to the deficit every minute, every minute counts.
That is why we called on the government to do two things: stop the taxes and stop the spending. The government could have, and indeed should have, committed to cancelling any planned tax hikes, including the tripling of the carbon tax. This would keep more money in the pockets of Canadians as they plan for their futures. Additionally, the government should have cut its wasteful spending and required ministers to find an equivalent savings to any new spending put forward. These are two simple initiatives that would have an immediate impact on helping Canadians.
Businesses are also feeling the impacts and struggling. While at home in my riding this past week, I had the pleasure of meeting with representatives from the Prairie Sky, Rosetown and Humboldt chambers of commerce. It was the first time that we were able to meet face to face. I would like to thank the executive directors and chamber boards for taking the time to meet with me.
While our conversations covered a wide range of topics, a common theme was how difficult the past two and a half years have been for local businesses, especially independent retailers. As I mentioned yesterday, I also heard about how lockdowns have driven customers to larger retailers and online shopping sites like Amazon. I heard how lockdowns have had not only a devastating impact on independent retailers, but a negative impact on supply chains.
The impact of inflation was top of mind for most, whether they were business owners or municipal representatives. For business owners, not only is inflation cutting into the bottom line of their customers, but it is also increasing costs for businesses, making it difficult for them to survive let alone thrive. In addition to the federal-government caused inflation, the recent hike in interest rates by the Bank of Canada is having a big impact on individuals and businesses alike. The likelihood of renewing loans and mortgages at rates more than double what they are currently paying is bringing solvency into doubt for both.
Added to this is the mess the government has made of the Department of Immigration, Refugees and Citizenship. Many business owners have told me that they are desperate for workers in certain industries but that it takes far too long for qualified people to get through the system. While the government loves to make grand announcements, citizens, business owners and newly arrived immigrants are telling me the system is broken.
The Liberals' mismanagement knows no bounds. The pattern of the government over the years has been to completely disregard the needs of Canadians and a consistent inability to manage Canada's finances.
Inflation is not just hurting individuals and businesses. One mayor told me that inflation is causing municipal projects to run 25% to 40% over budget, forcing municipalities to make cuts and raise taxes in order to balance their budgets. I have also heard from many municipal leaders in recent weeks that they may be forced to cover the back pay for the RCMP following the conclusion of the force's collective bargaining agreement with the federal government. If municipalities are forced to cover the back pay of an agreement they had no say in negotiating, this will put more pressure on municipal budgets. This means individuals and businesses would have to pay more for less from their municipal governments.
Canadians, small and medium-sized business owners and municipalities need a Conservative government that will put an end to the Prime Minister's inflationary spending, which is driving up the cost of everything. Under the leadership of the member for Carleton, our Conservative caucus has been working to develop policies that will address the issues facing our country.
The Conservatives have a plan to make life more affordable for Canadians. Instead of printing more cash and fuelling the inflation crisis, we will create more of what cash buys: more homes, more gas, more food and more resources here at home. By increasing the supply of goods, we can fight the rising cost of living. We will make energy more affordable by repealing the anti-energy legislation of the Liberal government, and we will cut corporate welfare and get rid of the carbon tax.
To fight climate change, we will make alternative energy cheaper rather than making Canadian energy more expensive. We will ensure that paycheques go further. We will reform the tax and benefits system to make sure that when a Canadian works an extra hour, takes an extra shift or earns an extra bonus, they are better off and will keep more of their dollars in their pockets.
The Conservatives will continue to fight for Canadians across the country. We will continue to hold the government to account for its inflationary spending, and we will continue to put forward policies that put Canadians first before Liberal insiders and their friends.
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Madam Speaker, I do not take my hon. colleague's word for anything. All he needs to do is talk to the past governor of the Bank of Canada or the current one to know they are starting to recognize that this inflation is becoming more and more Canadian made. The Prime Minister has spent more than all previous prime ministers combined, running the most expensive government in Canadian history. As I said, Canada's national debt will reach over $1 trillion next year, and the Liberals are adding $170,000 to the national debt every minute. We cannot afford—
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Madam Speaker, I think if the pandemic has highlighted anything, it certainly shone a light on the health care system across the country. We know the federal government must respect the jurisdiction of the provinces when it comes to health care, and we now know that the cost of servicing the government's debt is going to equal the health transfer payments. That is staggering and astounding. What we need to do right now here in this place is focus on holding the government to account in getting its financial house in order.
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Madam Speaker, I would point out to the member that the Conservatives did support the NDP's opposition day motion to study possible price gouging by grocery chains and other major retailers during the pandemic. We are definitely concerned with the allegations, and we want to ensure that Canadians are not being taken advantage of. We recognize that the motion called for a study, but what is really grievous is knowing that the member and her party are supporting the government in taking away resources from committees that would probably be tasked with doing the very study they asked for.
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- Nov/15/22 3:46:35 p.m.
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- Nov/15/22 6:43:01 p.m.
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Mr. Speaker, I appreciate the opportunity to ask my colleague a question. I think she made some excellent points.
I wonder if the member would agree with this. The bottom line here is that because the government's coalition partner does not like voting for time allocation or closure, this is the draconian measure the New Democrats are left with, and that they are doing it under the guise of giving members more time to speak. Would she agree with that assessment?
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- Nov/15/22 7:00:57 p.m.
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Madam Speaker, I do not believe we have quorum.
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