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Decentralized Democracy

House Hansard - 267

44th Parl. 1st Sess.
December 13, 2023 02:00PM
  • Dec/13/23 3:09:11 p.m.
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Mr. Speaker, he is doing the same thing he has done for eight years. He spent $87 billion on housing affordability to double housing costs. We have fewer homes per capita than we did when he took office, the fewest homes of any country in the G7. He doubled the rent, doubled mortgage payments and doubled the needed down payment to the point where the Bank of Canada reports this week that Canada has the worst housing affordability in 41 years, and rentals.ca reveals that it is now more expensive to rent one room in a shared apartment than it was eight years ago to rent the entire apartment for oneself. When will he realize that ballooning inflation and the bureaucracy does not build homes?
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  • Dec/13/23 4:50:14 p.m.
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Mr. Speaker, my colleague will be aware that, earlier this week, Dr. Jim Stanford was one of our witnesses. He provided our committee with a brief that derives its information from publicly available data. On page five of that brief he noted that, from the beginning of 2021 to the spring of 2022, “the world price of oil tripled” from $40 a barrel to $120 a barrel and that, in that period, “the jump in the price of oil [which was] driven by a combination of geopolitics and speculation...increased fossil fuel prices by 30 times as much as the $10 carbon price increase in the same period.” We also know from previous briefs that, in the last three years, oil and gas companies have seen their net profits go up by over 1,000%. Why, when Conservatives are talking about the carbon tax, do they conveniently ignore these facts and ignore their very real role in driving up food price inflation? One cannot argue with the facts. This is clear data that is available for all members, and oil profits have had a huge impact on world food prices, far more than the carbon tax has. Will my colleague acknowledge that?
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  • Dec/13/23 5:15:21 p.m.
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Mr. Speaker, I do not know if the member heard that the Governor of the Bank of Canada says that the price on pollution, or the carbon tax which is what the Conservatives like to put on bumper stickers, actually is going to cost 0.15%. That is 0.15 of 1%. That is a far cry from what the Conservative Party of Canada is trying to spread throughout the country, which is exceptionally misleading. Canadians want a government that actually has a climate plan. Unlike the Conservative Party of Canada, most Canadians recognize that climate change is real. There is an expectation of leadership. They are seeing it with this government in terms of a number of policy points that we have annunciated in order to be able to ensure a higher sense of affordability. If we want to talk about inflation rates overall, I will get to that point in my next question.
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  • Dec/13/23 5:41:54 p.m.
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Madam Speaker, as I do every time I am given this great opportunity, I want to say that Quebec is less familiar with the carbon tax because that is not how we do things. We participate in the carbon exchange with California. However, according to the numbers I have seen, the carbon tax is responsible for 0.15% of the inflation we are currently experiencing. Most of the inflation that we are seeing right now is caused by big businesses that are operating within an oligopoly and that are making exorbitant profits. That includes grocery stores, but also, and especially, oil companies. Of course, there is also the international context. If the government is collecting money, then I think it is also important to invest that money and to make it available to improve our technologies. The point of these taxes is not to make money or drive up the cost of living. It is to improve our environmental performance.
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