44th Parl. 1st Sess.
September 21, 2023 10:00AM
- Sep/21/23 2:18:44 p.m.
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Mr. Speaker, documents released today show that the Bank of Canada's governing council is worried about creating false expectations regarding interest rates.
The Minister of Finance created those false hopes two months ago when she said that we had won the battle against inflation. Since then, inflation has gone up by 43%. It is higher here than in the United States. This could force another interest rate hike for Canadians, who are the most indebted in the G7.
Will the government eliminate its inflationary deficit at last so we can lower interest rates and save Canadians' homes?
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- Sep/21/23 2:20:04 p.m.
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Mr. Speaker, when the cat is away, the mice will play. How many others are going to be auditioning for the Prime Minister's job out there? It is okay, they will not be there long regardless.
In the meantime, we have a forthcoming crisis the government helped create. Its inflationary deficits mean that the cost of living is rising faster here than it is in the United States. Inflation is up 43% in two months; this after the finance minister said it was gone.
Why will the Liberals not get rid of their inflationary deficits and taxes so Canadians can eat, heat and house themselves?
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- Sep/21/23 2:21:21 p.m.
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Mr. Speaker, judging by the applause level, it looks as though the fellow from Shawinigan has a bit of a lead in the leadership race right now.
Unfortunately, Canada has a lead in having higher inflation than the United States of America does. Even the Bank of Canada's governing council expressed concern that it was giving false hope about interest rates. The recent inflation report that came out shows that the bank may have to raise rates again on the Canadian people, who are the most indebted in all of the G7.
Will the government reverse its inflationary deficits before rates rise and bankrupt Canadians?
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- Sep/21/23 2:22:44 p.m.
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Mr. Speaker, I do tell the occasional joke, but none of my humour meets with the joke that is the government's economic plan. It is a joke that has given us the worst inflation in 40 years, doubled the national debt, doubled rent, doubled mortgage payments and doubled the needed down payment for Canadians to get into a home. A Torontonian has to save 25 years for a down payment; they used to be able to pay off a mortgage in that time.
Will the Liberals reverse their disastrous inflationary policies so that Canadians can finally eat, heat and house themselves?
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- Sep/21/23 2:24:05 p.m.
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Mr. Speaker, what my plan on GST would do is make sure we do not give tax breaks for $10 million penthouse apartments, as that member is proposing to do.
We want the builders who qualify for it to have affordable apartment rentals so that Canadians could actually live in them. God forbid, the limousine Liberals want all the money to go to the penthouse apartments.
As for the minister's program, $4 billion and a year and a half later, it has not built a single, solitary house, and it has only promised 2,000 homes; he would need 1,500 of those announcements to get to the number we need.
Why will the Liberals not get out of the way so that we can—
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- Sep/21/23 2:30:51 p.m.
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Mr. Speaker, after doubling the cost of housing in this country, the Prime Minister thought he would appoint someone to fix the mess he made who was in charge of immigration when they put refugees on the streets and under bridges and when they had international students sold into prostitution and human trafficking. He says that I need glasses. This is the same minister who lost a million people. He literally lost track of a million people who came into the country.
Can the minister please tell us, glasses, binoculars or otherwise, how one loses a million people?
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- Sep/21/23 2:32:40 p.m.
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Mr. Speaker, the question was how one loses a million people. How is it that the Prime Minister scoured his entire front bench, and hopefully he even gave a little attention to his beleaguered back bench when he was shuffling the cabinet, and the one guy he could find to fix the doubling of housing costs that he incurred as Prime Minister was the guy who lost a million people, the guy who who will go down in history in the Guinness Book of World Records as having lost more people than have ever been lost in the history of the world? How is it possible they could not find anyone better than that to put in charge of housing?
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