44th Parl. 1st Sess.
February 14, 2023 10:00AM
- Feb/14/23 11:27:46 a.m.
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Madam Speaker, I thank my colleague from Terrebonne for her excellent speech. I also thank the members of the Conservative Party for giving me the opportunity to speak in the House about the difficult conditions in which thousands of people find themselves and to examine some possible solutions that ultimately do not seem to fix much.
Inflation is real, galloping and impacts the cost of everything, from gas, to housing, to food, to cars. It requires far more comprehensive measures than today's populist proposals. I am not surprised by any of the general statements at the beginning of the motion. It is true that inflation can wreak havoc on families' budgets and that it is currently causing the cost of goods and services to skyrocket.
Social housing is a topic that speaks to me. I was just at a meeting this morning with people from the Coop d'habitation Boréale, a housing co-operative in Rouyn-Noranda. As an aside, I would like to say hello to my friend Jean-Philippe. It is his birthday today, and I wish him a happy birthday.
This co-op's model is adapted to our region's reality, with a total of eight entrances. These are duplexes with backyards. This model provides for affordable housing for families. However, it is incredibly difficult to obtain financing for the necessary renovations, both from the Canada Mortgage and Housing Corporation, or CMHC, and lenders.
In order to get this money, the co-op is being asked to increase rents to match market pricing. So much for affordability. The government's maze of red tape makes it hard for volunteers, and it takes far too long to get answers. Not so long ago, CMHC employees were able to guide these volunteers. They no longer have the time to provide the same support.
The co-op housing model is a viable option for tackling the housing shortage. It addresses inflation and rising rents. However, this model should not be seen as mere apartment buildings. It should also be seen as the possibility of having duplexes, triplexes and other types of residences that will better suit families. Having a backyard and parking is also a way to improve the quality of life for younger families with less income.
It is important to ensure that co-operative housing developments like these remain in place to continue to provide affordable and accessible housing. CMHC needs to ensure that the co-op model remains an option and adapt its programs to help small co-op models make the necessary repairs.
If the Conservatives really want the government to help people deal with the rising cost of living, we invite them to support the solutions put forward by the Bloc Québécois. These are more equitable solutions to help ensure that prosperity is more equally shared.
Immediate relief must be provided to those hardest hit by inflation. This must be done by increasing the purchasing power of seniors living on essentially fixed incomes, by providing direct financial support to low-income earners, and by creating a program to support those most affected by a sudden spike in fuel prices, to the point of threatening their livelihoods. This includes farmers, taxi drivers and truckers.
We have to make the economy more resilient by tackling the structural weaknesses that cause inflation; reducing our dependence on fossil fuels, whose chronic instability causes price shocks; restoring essential links in the supply chain; and tackling the labour shortage that prevents businesses from offsetting supply shortages by increasing local production. We also have to take care of health, our children's education, and the environment.
The Conservatives' stubborn refusal to think about things, to ground their choices in this new industrial revolution, will cause a rift. In this motion, the Conservatives are repeating previous motions that were all rejected by the House. When they talk about inflationary taxes, they mean cancelling the carbon tax, reducing EI premiums and reducing Quebec pension plan contributions. They talk about cutting spending, but they do not specify what spending. These proposals would help briefly, but they are not real solutions. They will probably just exacerbate our problems.
Let us come up with solutions to deal with the labour shortage. One good way to do that would be to increase people's income. Another would be to encourage older workers to keep working by not clawing back their guaranteed income supplement. Still another would be to make it easier to hire temporary foreign workers in high-demand occupations by transferring responsibility for that to the Government of Quebec, which is already doing the impact studies the federal government requires of business owners. The Standing Committee on Industry and Technology actually just completed a study on this and will be releasing its report in the coming days.
We need to do a better job of protecting what has taken us all these years to build: our expertise in green mining, our hydroelectric capacity, our expertise in heavy-duty electric transportation, and our battery and electric vehicle supply chain. We need to leverage our expertise in quantum technologies and artificial intelligence. We can do even more with centres of excellence on advanced materials and the accelerated commercialization of micro-electronic components.
I could talk at length about Quebec’s capabilities, but my colleagues will be joining the debate shortly to highlight these aspects.
These are the steps that the government could take to address the source and effects of inflation. It is important to understand our approach.
Our monetary policy ensures a balance between supply and demand to keep price increases within a range around 2%. This policy is the responsibility of the Bank of Canada, which makes decisions independently.
The government also has a role to play. Its challenge is threefold: to protect the poorest, especially annuitants and those on fixed incomes, from the effects of inflation; to try to ensure that the inflation we have today, which is essentially due to current circumstances, does not become structural or long-term; and to work to make the economy more resilient and less vulnerable to inflation shocks by addressing its structural weaknesses.
The Bloc Québécois proposes a balanced and responsible approach, namely, targeting support programs for individuals and businesses to help those who need it, without exacerbating the upward pressure on prices, and clearly identifying the drivers of inflation so that we can address it directly.
In terms of solutions, we need to help those who are hardest hit, specifically seniors who live on fixed incomes and their savings, which are losing value at an alarming rate. They are the most affected by the rising cost of living. Before the surge of inflation, Canada was one of the industrialized countries where retirement income replaced the lowest percentage of working income.
The Bloc Québécois proposes to immediately stop reducing the guaranteed income supplement for the poorest seniors who are seeing cuts this year because they received the Canada emergency response benefit or the Canada recovery benefit last year and to increase old age security to protect the purchasing power of seniors who are faced with the rising cost of living.
We need to build more social and community housing. After growing by 6.8% in March, housing costs increased by 7.4% in April over the previous year. This is the steepest increase since June 1983. The housing shortage was already a serious problem, but it was aggravated by pandemic-related factors. Low-income households, which spend a larger share of their earnings on housing, are particularly affected.
Building social housing takes time and requires permanent and predictable programs rather than ad hoc programs, like far too many of the ones we have now. In Quebec, federal intervention has been particularly problematic. Quebec is the only province that provides ongoing funding for the construction of social housing through its AccèsLogis program. Quebec needed an asymmetrical agreement that gave it full control, which the federal government blocked for two years.
The Bloc Québécois proposes to boost the construction of social and community housing. The federal government should permanently allocate 1% of its revenues to Quebec through flexible and predictable transfers, which could provide additional funds for its programs.
We need to safeguard the independence of the central banks and tackle the labour shortage. The Bloc Québécois proposes establishing a tax credit for young graduates in the regions, as well as for immigrants, calling on experienced workers, transferring the temporary foreign worker program, establishing a productivity policy that includes measures such as research and development support based on productivity and support for investments in the empowerment and digital transformation of businesses.
We need to make supply chains stronger and more resilient, which would enable our SMEs to identify weak points in their supply chains, help them connect with domestic suppliers and propose new ways of managing inventory, to make them less vulnerable.
We need to strengthen our competition system through the Competition Act to limit the concentration of corporate ownership and major companies’ ability to abuse their dominant position, which makes prices rise.
We need to limit our dependence on oil. We know that the price of oil rose by 33% between December 2020 and December 2021. We need to accelerate the energy transition to shelter the economy from sudden spikes in the price of fossil fuels. This can be done through the electrification of transportation, energy retrofitting, support for businesses that want to move away from fossil fuels and toward renewable energy and redirecting financial flows toward green economic development.
In Ottawa, however, the Liberals downplay the problem and propose waiting for it to resolve itself, while the Conservatives want a more restrictive monetary policy and question the independence of the Bank of Canada.
Then there is the NDP, which is proposing an all-out spending spree that could further fuel inflation.
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- Feb/14/23 11:38:29 a.m.
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Madam Speaker, it will be very refreshing to have our own national government in Quebec. Our economy will be based on the needs of Quebec and Quebec alone.
It is clear that Ottawa is hurting Quebec's development in all sectors. They are focusing their energies and centralizing, concentrating, health expenditures without taking into account what Quebeckers need. I find that problematic.
Ottawa is also causing a systemic slowdown, particularly in terms of housing, by signing agreements with Quebec two or three years after signing with Ontario. That, in my opinion, is the heart of the problem. A Quebec government by and for Quebeckers would be a magical solution.
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- Feb/14/23 11:39:52 a.m.
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Madam Speaker, I thank my colleague for his excellent question and the strength of his values and convictions.
In the current context, I think that we need to make realistic suggestions, but there are some things that we cannot compromise on, such as helping those in need. Not everyone is in need right now. In that sense, the next budget should set out robust measures to support economic development. There are some important things that need to be addressed, such as the construction of housing. With regard to the labour shortage, one of the biggest problems back home is that people are unable to find housing. We need to find solutions to those problems.
I am also thinking of seniors. In my opinion, it is very important to implement a fixed and recurring income increase for them because right now they are not able to earn any additional income. We will approve this type of measure, but we will be expressing our concerns about others.
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- Feb/14/23 11:41:24 a.m.
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Absolutely, Madam Speaker. I look forward to no longer being treated like a poor province because of equalization. Quebec systematically receives less than its fair share because of the way the federal government works.
Rather than constantly trampling all over the provinces, the federal government should be making real health transfers to them, like the ones that should have been made through an agreement with the provinces. The federal government created an imbalance by backing out of funding for health care, which dropped from 50% to 22%. We are talking about billions of dollars a year. Honestly, we can do without the equalization money.
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- Feb/14/23 11:42:36 a.m.
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Madam Speaker, that is food for thought. Competition will absolutely need to be fostered, and I think that the Competition Act may permit that. I believe that the Standing Committee on Industry and Technology would like to examine this issue next. That is my answer, given the time at my disposal.
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- Feb/14/23 11:57:55 a.m.
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Madam Speaker, I thank my colleague from New Westminster—Burnaby for his speech and his humanism.
We are talking about the cost of living and inflation. In my opinion, the most vulnerable people are seniors who do not necessarily have the means to re-enter the workforce and earn a higher income.
Would my colleague agree that OAS should be increased by at least 110% for seniors aged 65 and over?
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- Feb/14/23 12:13:23 p.m.
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Mr. Speaker, when inflation and the cost of living go up, housing becomes a key issue.
Does my colleague see boosting funding to buy properties and support affordable and community housing as a solution? If the number of units goes up, would that not bring prices down because of supply and demand?
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