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Decentralized Democracy

House Hansard - 133

44th Parl. 1st Sess.
November 23, 2022 02:00PM
Context: House Hansard - 133 - Nov/23/22
Mr. Jagmeet Singh (Burnaby South, NDP)
  • Nov/23/22 2:33:40 p.m.
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Mr. Speaker, the Liberal government and the Bank of Canada continue to attack high wages as a cause of inflation, when in reality real wages have actually fallen. In fact, workers' share of GDP has also fallen. Do members know what has not fallen? The profits of large corporations. In fact, big grocery stores have seen profits increase by 118.3% since 2019. When will the Prime Minister tackle corporate greed and protect families?
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Context: House Hansard - 133 - Nov/23/22
Mr. Jagmeet Singh (Burnaby South, NDP)
  • Nov/23/22 2:34:55 p.m.
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Mr. Speaker, the Prime Minister cannot even say the word “profit”, let alone take on the corporate greed of rich corporations. The response of the Bank of Canada so far has been to increase interest rates. That is having a real impact on families, like Lauren Gilbert's family from B.C.. She shares that her mortgage has gone up by $1,000 a month. Many families like hers are hurting. We know the Bank of Canada sets the monetary policy, but the Government of Canada sets the fiscal policy. When will the government tackle inflation so it does not hurt people?
104 words
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