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Decentralized Democracy

Member of Parliament

Francis Scarpaleggia

  • Member of Parliament
  • Liberal
  • Lac-Saint-Louis
  • Quebec
  • Voting Attendance: 67%
  • Expenses Last Quarter: $123,581.21

  • Government Page
Context: House Hansard - 218 - Jun/21/23
Mr. Francis Scarpaleggia (Lac-Saint-Louis, Lib.)
  • Jun/21/23 9:39:54 p.m.
  • Watch
Mr. Speaker, we often hear from the other side that the price on carbon is fuelling inflation. However, I look at reports of the Bank of Canada Governor Tiff Macklem's appearance before the finance committee in February. I will quote a newspaper article. In terms of the impact of the price on carbon on inflation, he said that, “prescribed annual increases to the price on carbon add about 0.1 percentage points to headline inflation.” That is not very much. Also, “He added later that scrapping the carbon tax completely would reduce inflation by half a percentage point in the year that it was done, but would not have any impact on inflation in future years.” The idea of always coming back to the price on carbon as the culprit contributing to inflation is a bit misleading, really. It does not reflect the thoughts of the Bank of Canada's governor.
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Context: House Hansard - 218 - Jun/21/23
Mr. Francis Scarpaleggia (Lac-Saint-Louis, Lib.)
  • Jun/21/23 8:37:52 p.m.
  • Watch
Madam Speaker, the whole notion of productivity can be a little slippery. It is GDP per inhabitant, but especially in a country with a strong oil and gas sector like Canada, if the price of oil and gas goes up, then the productivity numbers will go up. The member was citing 2018 figures when the price of oil was rather low, so naturally Canada's productivity, using that simple measure of GDP per person, would have been low. The other thing about productivity is this. To ensure long-term productivity, we need innovation. Just having our productivity go up because the price of oil goes up does not mean we are innovating. To innovate, we need to invest in technology, especially green technology. To invest, we need money, and sometimes we need government money, so we are spending in the budget to invest in a clean technology revolution that is going to increase Canadian productivity in the long term in a sustainable way. That is what is important.
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