SoVote

Mr. Darrell Samson (Sackville—Preston—Chezzetcook, Lib.)

May/9/24 2:05:07 p.m.
Watch

Mr. Speaker, to continue to invest in Canadians, we need a strong economy. In Canada, we have an inflation rate that has fallen to 3%, we have a AAA credit rating, and we have an unemployment rate that is staying very low. In addition, the International Monetary Fund and the Organisation for Economic Co‑operation and Development predict Canada will have the strongest economic growth in the G7. All this is why I am so proud of our government, because we have rolled out programs like the new program for persons with disabilities, the new dental care program, the new pharmacare program, the new national school food program, the new apprenticeship program for young people and, lastly, the new Canada pension plan. That is why Canada is the best country in the world.

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Context: House Hansard - 312 - May/9/24

Hon. Sean Fraser

May/9/24 6:32:48 p.m.
Watch

Madam Speaker, I want to draw attention to the efforts of my colleague, not only for his question today, but also for his extraordinary work when it comes to leveraging opportunities in the clean economy, particularly when it comes to social finance. We have decided to move forward with a unique approach, introducing investment tax credits to generate economic activity that will help provide climate solutions. We have already seen clean-tech opportunities coming to Canada as a result, including the recent announcement by Honda that it will make one of the largest private sector investments in Canada's history. I believe it is the largest in the auto sector. The opportunity to generate new economic opportunities, not only in auto manufacturing but also in carbon capture, utilization and storage and other clean tech, is extraordinary. I think about some of the opportunities for companies in my home province that are leading the way. CarbonCure Technologies is sequestering carbon and strengthening concrete to provide solutions. RJ MacIsaac has developed opportunities to generate clean steel by recycling scrap metal from ships at the end of their life. It recently received one of the highest certifications globally and became the second port in North America to be able to provide these services. Opportunities abound; we just have to seize the moment to take them.

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Context: House Hansard - 312 - May/9/24

Hon. Sean Fraser

May/9/24 6:51:05 p.m.
Watch

Madam Speaker, there are a number of pieces of misinformation included in my colleague's question. First, I do not know if he appreciates this, but this is actually a minority Parliament and he seems to have described it differently. Second, the member talks about the investments that we have been making, which are helping communities across Canada, as a negative thing. The reality is that, if he wants to examine the fiscal position of the Government of Canada, he will see that the federal government actually has the healthiest balance sheet in the G7. He will see that we are the third-largest economy in the world that maintains a AAA credit rating, and Moody's recently demonstrated that we have a stable outlook, stronger than the United States. The International Monetary Fund is projecting Canada to be the fastest growing economy in the G7, and we continue to see, time after time, compared to other advanced economies in the world, that Canada is among the healthiest, or the healthiest, when it comes to the fiscal projections for the Government of Canada. It is essential that we continue to move forward with a downward trending debt-to-GDP ratio, and we have seen the impact of the responsible fiscal management with the rate of inflation coming down now to within the target range, despite the extraordinary headwinds we have faced as a global economy. Canada is leading the charge when it comes to fiscal responsibility and economic growth projections.

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Context: House Hansard - 312 - May/9/24

Ms. Bonita Zarrillo (Port Moody—Coquitlam, NDP)

May/9/24 9:07:51 p.m.
Watch

Madam Speaker, I know there has been a lot of rhetoric in this House from the Conservatives about declining productivity. That is of no surprise when the oil and gas industry in Canada, one of the largest contributors to the economy, is not reinvesting in R and D, is not reinvesting in innovation, but instead is skimming profits and redistributing them to wealthy shareholders. I am wondering what the member thinks about that.

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Context: House Hansard - 312 - May/9/24

Ms. Marilyn Gladu (Sarnia—Lambton, CPC)

May/9/24 9:22:42 p.m.
Watch

Madam Speaker, the fall economic statement is supposed to build an economy that works for all Canadians, but I can tell from the member's comments that clearly it is not working for the economy in Quebec. I wonder what the member thinks the government should have put forward in order to promote the economy in Quebec.

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Context: House Hansard - 312 - May/9/24

Mr. Warren Steinley (Regina—Lewvan, CPC)

May/9/24 10:38:25 p.m.
Watch

Mr. Speaker, I would like to ask a two-part question. The first part is that Ford just announced that, in its first quarter, its EV department lost $1.3 billion. It has delayed a bunch of its EV products. The second part, and we have not talked about this near enough when we talk about the economy, is that Mexico has surpassed Canada as the largest trading partner to the U.S.A. Could the member reflect on those two things?

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Context: House Hansard - 312 - May/9/24

Mr. Colin Carrie

May/9/24 10:39:00 p.m.
Watch

Mr. Speaker, the member brings up something extremely serious. Ford and the other automakers are having challenges because of how these mandates are being forced upon the auto companies. My big concern, as I stated in my speech, is that these battery and electric vehicle mandates are supporting the Chinese economy. With the announcements the Liberals are making, again, the batteries will not be coming out of these plants for a long period of time. Yes, I want us to have a successful auto sector. The auto action plan that we put in as a Conservative government did help that, but what is in the statement and the budget does absolutely nothing. With respect to what the member brought forward in regard to Mexico, Mexico has been investing in productivity and competitiveness. It has outstripped us. We were ahead of it in 2015. Now we are 45 points behind Mexico and 81 points behind the Americans, because the current government is not investing in productivity in Canada. That is what we need: We need to unleash Canada. Our best days are ahead of us; we just need to get rid of this tired old Liberal government.

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