44th Parl. 1st Sess.
September 19, 2023 10:00AM
- Sep/19/23 2:34:28 p.m.
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Mr. Speaker, mortgage costs for Canadians are going up because of the Liberal-NDP government's spending and deficits. Even the current finance minister said that spending and deficits are like pouring fuel on the inflationary fire. John Manley said that it is like pressing on the gas pedal while the Bank of Canada is pressing on the brake with higher interest rates.
Canadians are realizing that the current Prime Minister is not worth the cost. When will the government stop its inflationary deficits so that Canadians can keep a roof over their heads?
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- Sep/19/23 2:36:49 p.m.
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Mr. Speaker, Canadians faced another blow this morning with the news that inflation in Canada increased to 4%. This has a direct impact on all Canadian families.
However, as recently as July, just two months ago, the Deputy Prime Minister and Minister of Finance said, “Canada’s plan to bring down inflation is working”. No, minister, it is not working.
After eight years of this Liberal government, is the Deputy Prime Minister aware that her reckless spending has a direct impact on the 151% increase in mortgage payments for Canadians?
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- Sep/19/23 2:38:11 p.m.
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Mr. Speaker, the Minister of Finance has a short memory, to say the least. She does not remember that, a mere two months ago, she said her plan was working. Today, it is clear that it is not.
I happen to have a quick question for her. Does she remember who said that deficits “pour fuel on the fire of inflation”? Does anyone know who said that? It was the Minister of Finance and Deputy Prime Minister of Canada. She is the one who said that.
My question is for the Minister of Industry. Does he agree with his colleague that, if the government does not control spending, it is pouring fuel on the fire of inflation? Does he agree with his colleague?
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- Sep/19/23 2:43:22 p.m.
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Mr. Speaker, just two months ago the finance minister said, “Canada's plan to bring down inflation is working.” Clearly, the Liberals are experiencing inflation differently, because it is not going down; it is up again today. After eight years of the current Prime Minister, mortgage payments are up 151%, and Canadians are suffering. He is not worth the cost.
When will he admit that his inflationary spending is leaving Canadians homeless?
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- Sep/19/23 2:45:53 p.m.
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Mr. Speaker, these are failed plans. After eight years of the Prime Minister, finding an affordable place to live is a crisis. Under the NDP-Liberal government and its out-of-control spending, inflation and interest rates are both skyrocketing.
Rents have doubled, mortgages have doubled and people are becoming homeless. Will the Prime Minister stop his inflationary spending so Canadians can keep a roof over their heads?
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- Sep/19/23 3:02:10 p.m.
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Mr. Speaker, the finance minister said that she would not pour fuel on the fire of inflation. She added $44 billion in new spending in the 2023 budget, throwing a return to balanced budgets out the window.
Now we have the Bloc Québécois trying to convince people that the carbon tax does not apply in Quebec. They should have a word with our farmers, who receive bills on which the words “carbon tax” are right there in black and white. I could table one if they agree.
On this side, everyone understands that axing the carbon tax is the right thing to do for our farmers.
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Madam Speaker, the hon. member mentions the need for spending and partnership with the oil and gas industry in order to make the transition. I do agree that the oil and gas industry invests greatly, generally speaking, in green technologies.
I think the member for Lakeland mentioned yesterday the amount of spending that goes on in green technologies by the industry. Recently the oil sands companies have been on track for their second-highest profits in a decade, yet they have made no new investments to reduce emissions.
I would like to know if the member believes this kind of voluntary approach has promise.
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