44th Parl. 1st Sess.
April 21, 2023 10:00AM
Mr. Speaker, as I mentioned in my speech, inflation is the result of many things that are outside the control of government and indeed Canada. The pandemic, the illegal Russian war on Ukraine, the supply shortages, the pent-up demand, and the governments across the world investing, including Canada investing in Canadians, all resulted in inflation. It was quite high. It affected my constituents, and indeed all Canadians.
Inflation rose to 8.1% in September 2022, but during the last nine months, it has trended downwards. It is now at 4.3%. The interest rates introduced by the Bank of Canada to combat inflation have already started taking effect, and the Bank of Canada expects the inflation rate to go down to 3% soon. Hopefully, this will happen in the next 12 to 24 months; this would provide relief to all Canadians, including the hon. member's constituents and my own.
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Mr. Speaker, history is an interesting teacher for us.
I want to point out to the hon. member that when Brian Mulroney took over as prime minister, the national debt was $200 billion. By the time he left, it was $514 billion, and that was without a pandemic. That was without an invasion of Ukraine. It seems that the Conservatives are following the same pattern of loving money more than people, looking at the price of everything but the value of nothing.
Where is the factoring in of the pandemic? Our inflation rate is coming down to pretty low levels compared with the rest of the world. However, where is the factoring in of the difficulties with supply chains and the external influences on our inflation rate?
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- Apr/21/23 11:52:07 a.m.
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Mr. Speaker, perhaps the member should listen to his Minister of Finance who, on Wednesday, said that competing with the subsidies of the Biden inflation act is a “race to the bottom”. Liberals surely would not give away $14 billion in taxpayer money without a contract on the exact commitments of jobs in the plant.
I will ask again: How many jobs in the plant will this $14-billion subsidy buy?
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- Apr/21/23 12:03:49 p.m.
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Mr. Speaker, at a time when inflation is eating away at more and more taxpayers' paycheques, families are being forced to pay $1,000 more each year to put food on the table, and mortgage payments are doubling, causing untold stress for Canadians, the Prime Minister sees nothing wrong with taking a luxury vacation to Jamaica.
Can he at least tell us how much he paid out of his own pocket for his luxury hotel?
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- Apr/21/23 12:04:19 p.m.
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Mr. Speaker, for nine consecutive months, inflation has been going down in Canada. On Monday, we saw inflation drop significantly.
The priority of our Liberal government has been and continues to be the economy and the cost of living. The priority of the Conservatives, especially the leader of the Conservative Party, is to attack the Prime Minister or to join forces with Elon Musk on Twitter to denigrate our Canadian institutions, such as the CBC.
This morning, we saw that all those efforts were for naught, because Elon Musk himself backed down.
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- Apr/21/23 12:05:02 p.m.
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Mr. Speaker, 24% of Canadians say that they cannot take a vacation this summer because of inflation.
They are definitely not impressed when they see their Prime Minister vacationing in a Jamaican paradise at taxpayers' expense. The average Canadian dares not even dream of such luxury.
This Prime Minister is so used to living on another planet that he does not even realize how this is perceived by Canadians and the entire world.
I will repeat my question: Will he pay for his luxury hotel out of his own pocket?
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Mr. Speaker, first, I would like to address the Bloc member's concern regarding the issue of Bill C-47 versus Bill C-46. The member is quite right. We need to recognize that it has been a priority of this government to provide inflation relief in the form of a grocery rebate. That is why it was incorporated into Bill C-46. It is also the government's priority to try to get hundreds of millions of dollars to the provinces with respect to health care. That was also incorporated into Bill C-46.
As the member pointed out, it is also in the budget implementation bill. This is because we could not get agreement for the quick passage of Bill C-46 through the House. We only recently got the agreement to pass it. Following this logic, the member will recall how long it can take to get a budget implementation bill through the House from the last time we had one.
As a good example of that, today, there has already been an amendment to the budget implementation bill moved by the Conservative Party. The Conservative Party is going to hold up the budget implementation bill. Recognizing the importance of getting that grocery rebate to Canadians and getting the transfers of hundreds of millions of dollars to the provinces for our health care system, the government had to come up with Bill C-46 after we got agreement that we could get it passed in the House. That is the reason for this.
I know the member appreciates the explanation. I would even encourage the member to move the amendment so we can rectify the situation once we get to the committee stage. If I could, I would be the seconder.
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