44th Parl. 1st Sess.
June 9, 2023 10:00AM
- Jun/9/23 11:20:33 a.m.
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Mr. Speaker, it is simple: Massive Liberal deficits cause inflation to rise, which forces interest rate hikes and mortgage defaults. The solution is clear: Stop the deficits, which slows inflation, prevents the interest rate hikes and saves people's homes. This week, the Bank of Canada increased interest rates to 19 times what they were last year.
Will the Prime Minister end his inflationary deficit spending and save Canadians' homes?
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- Jun/9/23 11:21:08 a.m.
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Mr. Speaker, since last year, the Canadian economy has grown by 3.1%. Canadians have created close to 900,000 jobs, and 2.7 million Canadians have been lifted out of poverty. Nine million Canadians are getting access to dental care, child care costs are coming down by 50%, and, guess what, Canada has the lowest deficit in the G7.
We have cut taxes for small businesses and we have cut taxes for the middle class. There is definitely more work to do, but we have the tools to make life more affordable for Canadians.
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- Jun/9/23 11:21:36 a.m.
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Mr. Speaker, that is cold comfort for Canadians who are skipping meals, for families who are cancelling their kids sports activities and for families who have no hope of having a summer holiday, even for a couple of days of camping. Young Canadians, an entire generation, have lost all hope of ever owning their own home. However, the Liberal solution is to spend more and drive up prices. Budget bill after budget bill, the Liberal Prime Minister and finance minister keep taking away more and more opportunities from hard-working Canadians.
Will the Liberals pull back on their budget bill and replace it with one that does not throw more fuel on the inflationary fire?
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- Jun/9/23 11:22:12 a.m.
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Mr. Speaker, I think it is really important to talk about families, because we are the party that introduced the CCB. We have lifted hundreds of thousands of children out of poverty, and when parents are trying to make ends meet, one of the most important things the government is doing is lowering the cost of child care.
I have had multiple parents complain to me, over the course of my parliamentary life, about the fact that the cost of child care was equivalent to a mortgage payment, but they do not say that anymore, and it is going to get better because we are going to continue to reduce it until it is $10 a day.
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- Jun/9/23 11:22:41 a.m.
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Mr. Speaker, what I hear from parents is that they are working two or three jobs and are working every hour of overtime they can, just to put food on the table. Rent has doubled under the Liberals. It is harder and harder for families to make ends meet at the end of each month.
Conservatives have offered to stay here as long as it takes to fix the Liberal budget bill. Will the Liberals stay here, fix their bill and eliminate wasteful spending so Canadians can finally get some relief from the Liberals' inflationary crisis, or will they just go on vacation?
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- Jun/9/23 11:23:14 a.m.
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Mr. Speaker, despite what the Conservatives are saying, Canada is working and Canadians are working. Canadians have created close to 900,000 jobs since the pandemic.
There was a time for the Conservatives to positively contribute their solutions to the budget implementation act. That started in April, but instead of doing that, they decided to filibuster the entire thing. They sent food banks home. They sent chambers of commerce home. They did not want to hear from Canadians on how we could make it better. Therefore, their suggestion that they are going to come back in the summer, when their homework was due two months ago, is quite hypocritical.
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- Jun/9/23 11:23:48 a.m.
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Mr. Speaker, let us talk about the reality currently facing all Canadians. After eight years of Liberal governance, with chronic deficits and out-of-control spending, this is the reality. Uncontrolled deficits lead to higher inflation. Higher inflation leads to higher interest rates. What happens when interest rates go up? People run the risk of losing their homes. This is the reality facing Canadians every day, and will be for the months and years to come.
Why does the government not do what it did last November, that is, come up with a plan to balance the budget?
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- Jun/9/23 11:24:26 a.m.
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Mr. Speaker, after peaking at 8.1% last year, the inflation rate now stands at 4.4%, and the Bank of Canada expects that to drop to less than 3% by the end of the fall. Canada delivered the strongest economic growth last year. The OECD predicts that Canada will once again have the strongest economic growth this year and next. Canadians can and should have confidence in the resilience of our economy.
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- Jun/9/23 11:25:04 a.m.
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Mr. Speaker, with all due respect for my colleague, the reality is that if he says that to people who are on the verge of losing their homes, they will laugh in his face or ask him whether he is prepared to take their keys because they can no longer pay for their home. That is the reality facing Canadian families.
If the member wants to quote studies, I could point out that the International Monetary Fund says that Canada is the country at the highest risk of mortgage defaults. This week, the Governor of the Bank of Canada said that mortgage payments could rise by 40%. This is the daily reality for Canadian families. Why does the government refuse to come up with a plan to balance the budget?
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- Jun/9/23 11:25:41 a.m.
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Mr. Speaker, as I just said, Canada is forecast to have the strongest economic growth among G7 countries this year and next.
One thing my hon. colleague did not mention is the fact that just today, almost 900,000 more Canadians have recovered the jobs they lost during the pandemic. There are 128% more jobs than there were before the pandemic.
Canadians can be confident about their future.
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- Jun/9/23 11:26:21 a.m.
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Mr. Speaker, let us talk about Chinese interference, or rather, let us talk about those who are the victims of it, those who the government refuses to talk about. Let us talk about the defenders of democracy from Hong Kong, Taiwan, the Solomon Islands. Let us talk about the Uyghurs and the Tibetans. Their representatives all rallied with the Bloc Québécois to demand a public and independent inquiry into Chinese interference, not because they are picking a side in a partisan dispute, but because they want to protect their community and they feel abandoned by this government.
When will the government stop ignoring their request for a public and independent inquiry?
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- Jun/9/23 11:27:01 a.m.
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Mr. Speaker, Canadians expect all parliamentarians in this place to take the issue of foreign interference extremely seriously. It is not a partisan issue. Part of that is actually doing the work that comes with Mr. Johnston's report. I note that the leader of the Bloc has decided to not actually look at the information that has been provided to him, which is the basis of Mr. Johnston's report.
If opposition members want to criticize the work of Mr. Johnston, they should first look at the documents included.
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- Jun/9/23 11:27:39 a.m.
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Mr. Speaker, the situation speaks for itself. No pro-democracy groups and no representatives of the victims of the Chinese regime support the government's initiative. None. The government would know that, had its special rapporteur taken the time to talk to them before publishing his report. They are all calling for a public inquiry led by an independent commissioner with the power to issue a summons. They want the government to finally get to the bottom of things, to deal with Beijing's interference tactics.
When will the government finally listen to them?
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- Jun/9/23 11:28:14 a.m.
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Mr. Speaker, protecting Canada's democracy is a responsibility that we take extremely seriously. While the opposition is playing politics, we are taking very serious measures.
We want to implement a transparency registry on foreign influence and strengthen oversight mechanisms because the protection of our institutions is our top priority.
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- Jun/9/23 11:28:42 a.m.
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Mr. Speaker, the Bank of Canada's ninth interest rate hike is hitting Quebeckers hard. Someone may have worked very hard for years to be able to realize their dream of purchasing a home and then a few years later is forced to sell it because their monthly payment has increased from $2,300 to $3,780, a 64% increase in one year. That is the harsh reality of families in Quebec and right across the country.
What will the Liberals do to help families that are about to lose their homes?
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- Jun/9/23 11:29:17 a.m.
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Mr. Speaker, I thank my colleague for his question.
We all agree that Canadians are grappling with higher rent prices and that times are tough when it comes to housing.
The federal government has put in place a national housing strategy as well as programs for municipalities, because everyone must be at the table to make decisions.
In budget 2023, we also proposed measures and guidelines to protect Canadians who took out mortgages in exceptional circumstances.
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- Jun/9/23 11:29:52 a.m.
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Mr. Speaker, every time the Bank of Canada raises the interest rates, workers pay the price. While bosses and CEOs cashed in on their quarterly profits, Canadians lost 17,000 jobs in one month alone. To Liberals and Conservatives, economic recovery just looks like somebody else's unemployment, but for everyday people, it looks like economic punishment.
At a time when there is deep despair, why does the Liberal government refuse to fix unemployment insurance while so many Canadians continue to lose their jobs?
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- Jun/9/23 11:30:27 a.m.
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Mr. Speaker, Canada's economy remains strong. We have experienced the strongest economic growth in the G7 over the last year. Our unemployment rate remains low, at 5.2%. We have recovered 128% of the jobs lost since the start of the pandemic. However, we are also working hard to make sure that we are looking after all workers, including those who have lost their jobs. We are making record investments in skills training and affordable housing. We are partnering with labour and industry on generational investment in the VW plant in St. Thomas and the Stellantis plant in Windsor, and we are modernizing the EI system to make sure that it is there for all workers when they need it.
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- Jun/9/23 11:31:13 a.m.
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Mr. Speaker, in a growing conflict of interest, the Prime Minister's rapporteur and one of the people he was supposed to be investigating were paying the same firm for advice. That person, of course, is the former Liberal member for Don Valley North. He left the Liberal caucus amid a foreign interference scandal, and Johnston did not even interview him. Canadians do not trust this process, and they cannot believe Johnston's report.
Will the Prime Minister finally call a public inquiry as, the House has called on him to do three times?
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- Jun/9/23 11:31:44 a.m.
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Mr. Speaker, unfortunately what we see is another Conservative taking a page out of the Trump playbook, where it is just personal attacks when they do not like the outcome. The Conservatives made the conclusion prior to Mr. Johnston's report. They were never going to accept it. They are pretending now that it is the process they are upset about, when it is all partisan games.
On this side of the House, we take the importance of our democratic institutions seriously. That is why we appointed someone with Mr. Johnston's credibility to this position.
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