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House Hansard - 293

44th Parl. 1st Sess.
March 21, 2024 10:00AM
  • Mar/21/24 11:18:38 a.m.
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Madam Speaker, the inflation rate in February was 2.8%, way below 3.1% expected by the private sector economists. It is much below the 8.2% that we saw in mid-2022. The grocery rate, food inflation, is 2.4%, way below the 3.4% in January, and well below the 11% that we saw in 2022 and 2023. Could the member explain how this lowering inflation rate and the increase in the carbon rebate that low-income families are going get this year will help them cope with the rising cost of living?
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  • Mar/21/24 1:55:23 p.m.
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Madam Speaker, it is true that inflation poses a challenge to Canadians. Food inflation poses a challenge to Canadians. However, study after study, rigorous analysis after rigorous analysis, by competent economists has shown that the contribution of the price of carbon pollution to food inflation is negligible. One figure that I read was that it contributes 0.15% to food inflation; that is to the increase in the price of food. In fact, an interesting point was brought up at the environment committee the other day by the Parliamentary Secretary to the Minister of Environment, the member for Milton. He said that many food bank operators were quite worried about what would happen if the price on carbon were repealed, because the impact would be such that those who would go to the food banks would lose the Canada carbon rebate. They are quite worried. I have not heard of any food bank operator, quite frankly, calling for the repeal of the price on carbon. What is impacting food inflation? It is something called the war in Ukraine. The war in Ukraine caused the international energy crisis to spike. It caused grain prices to spike. What is Ukraine called? It is called the bread basket of Europe. The war has constrained its supply of grain, putting upward pressure on food prices. Why do the Conservatives never talk about that? I will tell members why. They are very sheepish when it comes to Ukraine because they are ashamed. They are ashamed that they did not support the Canada-Ukraine free trade act, an act that would permit Ukraine to enter into the European Union, the economic union. What the Conservatives also—
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  • Mar/21/24 4:27:34 p.m.
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Mr. Speaker, I consider the member for Calgary Forest Lawn a friend, and I understand where he is coming from, but I humbly disagree with him, of course. In the province of Ontario, an average family of four will receive $1,120. The rural top-up will be 20%. From the Statistics Canada material that I have seen, and from what I have heard from some fellow economists, on average, that would ensure that eight out of 10 families will be better off in my riding of Vaughan—Woodbridge and across Canada. We understand that we need to put in place effective measures to reduce greenhouse gas emissions while we build a strong and inclusive economy. As many individuals would state, putting a price on pollution is really the most effective way of doing it and will account for about one-third of the emissions reductions by 2030.
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