44th Parl. 1st Sess.
March 29, 2023 02:00PM
- Mar/29/23 2:25:15 p.m.
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Mr. Speaker, during a challenging time in the world, this budget will ensure that Canadians can continue to count on their government being there for them. We are meeting the challenges of today and tomorrow by introducing a new grocery rebate that will deliver targeted support to 11 million Canadians, lowering credit card transaction fees for small businesses, increasing investments in our public health care system, making transformative investments in our economy.
This is a budget of hope and ambition. We are putting in place the building blocks today so that we can realize today's dreams tomorrow.
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- Mar/29/23 2:26:37 p.m.
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Mr. Speaker, we are going to take no lessons from a Leader of the Opposition who tells Canadians to hedge on inflation by putting money into crypto.
Let us look at fiscal responsibility. Canada will have the lowest deficit and the lowest net debt-to-GDP ratio in the G7. The deficit is projected to decline every year. Public debt charges, as a share of the economy, will remain historically low. We have the strongest economic growth in the G7, with 830,000 jobs created since the beginning of the pandemic, and a record 85.7% participation of Canadian women in the labour force.
The future is bright for Canada, and this budget delivers that future.
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- Mar/29/23 2:28:01 p.m.
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Mr. Speaker, Canadians who are watching us from home today saw a disconnected Leader of the Opposition.
We listened carefully to Canadians. They asked us to do three things: take action to tackle the cost of living and, of course, the cost of food; invest in health care and dental care; and invest in the green economy to create the jobs of the future.
That is exactly what Canadians said. That is exactly what we are doing. We are building the future with Canadians to be a leader in the economy of the 21st century.
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- Mar/29/23 2:46:48 p.m.
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Mr. Speaker, Conservatives can lack ambition for this country, but the Liberals know that we have a golden opportunity to build the economy for the future, to have hundreds of thousands of jobs in hydrogen, clean tech and green tech to feed and fuel the world. That is why our budget puts in the building blocks for the economy of the future, puts a marker down to help Canadians struggling with inflation and reinforces our health care system for the next 10 years.
The Conservatives do not like it. Canadians asked us to do it and that is our job. We are going to continue to deliver for Canadians.
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- Mar/29/23 2:50:29 p.m.
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Mr. Speaker, during these difficult times around the world, the budget tells Canadians they can continue to count on the government being at their side.
We will meet the challenge posed today and in the future by introducing a new grocery rebate that will benefit 11 million Canadians. We will increase payments for the health system.
We will invest in the future of our economy. We will lay the cornerstone for a strong economy and a strong future. It is our duty, and we will do it for and with Canadians.
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- Mar/29/23 3:13:39 p.m.
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Mr. Speaker, yesterday the Deputy Prime Minister and Minister of Finance presented budget 2023, “A Made-in-Canada Plan”. Unlike the empty rhetoric of the Conservative Party, this is a real plan to deliver results for Canadians and one I am proud to share with my constituents of Hamilton Mountain.
Can the Minister of Tourism and Associate Minister of Finance explain what this budget means for a strong middle class, an affordable economy and a healthy future for Canadians?
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- Mar/29/23 7:02:51 p.m.
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Madam Speaker, I always appreciate the hon. member's questions and enjoy working with her on the environment committee of Parliament.
To start, the Government of Canada is taking action to reduce greenhouse gas emissions from the oil and gas sector. We are not giving it a free pass, as is implied in the question. We have committed to cap and cut oil and gas emissions at a pace and scale necessary to achieve Canada's 2030 and 2050 climate targets. We are doing this in a way that allows the sector to compete in a global economy that is transitioning to net zero, and of course, keeps good, green jobs growing here in Canada. This policy will send a clear, long-term signal to invest in clean technology, low-emissions energy assets and supporting infrastructure while avoiding investments in oil and gas production that do not incorporate best-in-class technologies and infrastructure.
We are working closely with industries, provinces, territories, indigenous partners and civil society to design this approach. Putting a price on carbon pollution creates a financial incentive throughout the economy to reduce emissions and invest in clean innovation. Heavy industries across Canada, including oil and gas activities, are subject to carbon pricing under the federal output-based pricing system, or OBPS for short, or equivalent provincial systems.
We are taking action to reduce methane emissions from the oil and gas sector. Current federal regulations require the oil and gas sector to reduce methane emissions by 40% to 45% below 2012 levels by 2025. In 2021, Canada joined the Global Methane Pledge, which aims to reduce global methane emissions by 30% below 2020 levels by 2030. As part of this pledge, Canada committed to develop regulations to reduce methane emissions from the oil and gas sector by at least 75% below 2012 levels by 2030.
Implicit in some of the member's questions is that the government is not doing enough. I would emphasize for the hon. member, and I know she has heard this from me before, that I think we would agree on this side of the House that we need to do more. However, we are working very hard to cap oil and gas sector emissions; we are implementing a clean fuel standard; we are investing in carbon capture and storage, which is going to be very important, as pointed out by the IPCC; and indeed, we should be phasing out inefficient fossil fuel subsidies by 2023. That is this year, and it is two years in advance of the G7 target that was set some years ago.
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- Mar/29/23 7:17:02 p.m.
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Madam Speaker, this government will continue to support the middle class and people who need support when they need it most.
Canada Post has been keeping us connected during the pandemic and this government will continue to work with the corporation to ensure that it remains self-sustaining while serving every address in Canada.
Although there is economic uncertainty around the world, the Government of Canada will continue to be there for people with measures to improve their cost of living and put more money back in their pockets when they need it.
This will help us build an economy that works for all Canadians.
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