- Member of Parliament
- Member of Parliament
- NDP
- Rosemont—La Petite-Patrie
- Quebec
- Voting Attendance: 64%
- Expenses Last Quarter: $114,314.06
- Government Page
- Oct/3/23 3:34:54 p.m.
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Mr. Speaker, that is yet another answer that is completely disconnected from reality.
Families who have to renew their mortgage soon are headed for a cliff. Negligence by the Liberals and the Conservatives has resulted in the loss of one million affordable housing units in the country. In the meantime, the government has given the Bank of Canada the mandate to increase interest rates without any regard for how that will impact people. That is the Liberals' record: families worried about losing their home. It makes no sense.
Why did the Prime Minister not give the Bank of Canada a clearer mandate to avoid this crisis?
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Madam Speaker, I am pleased to have the opportunity to speak to this important bill today.
As a left-leaning progressive politician and union man, it is really important for me to be here in the House to support the initiative of the member who introduced this private member's bill. This initiative is completely in line with the values of the NDP, which has been the political party of workers since its foundation.
We have always been there to fight to give workers decent working conditions, decent work schedules, decent insurance, and adequate and decent wages so that they and their families and children can have a good quality of life.
With that perspective, the fight to protect people's retirement plans and pensions when a business goes bankrupt has always been a major concern for the NDP, as the working class party and the labour party. This is not the first time we have debated this issue. I must point out the work of NDP colleagues in the previous caucus who fought for this, who were pioneers and who worked very hard.
I am thinking of Chris Charlton, Wayne Marston and Scott Duvall, who, before retiring from political life, took up this cause. All the work done by my current colleagues in the NDP caucus and past colleagues has ensured that today we are about to arrive at solution that, although not perfect, is positive.
However, I cannot help but point out that when Chris Charlton, Wayne Marston and Scott Duvall introduced similar bills to protect the rights of pensioners, the Conservative Party systematically voted against them.
Today, we find ourselves in a new situation. I am pleased to note that the Conservative Party seems to have gone on the road to Damascus and seen the light. They have had a change of heart, and I hope that it is not being opportunistic in order to portray itself to voters as the friend of workers for the next election, but that it is something more deeply rooted and serious.
I always welcome spontaneous conversions, but I also remember that, when he was a minister in Stephen Harper's government, the Leader of the Opposition was one of the harshest critics of workers' rights. He levied sustained, systematic attacks against worker and union movements with bills such as C‑377 and C‑525, which would have weakened or even wiped out unions in Canada and Quebec. That is always on my mind, so I am always a little apprehensive, a little suspicious because, as a minister, he repeatedly attacked the union movement that stands up for workers' rights. I think people need to be aware and keep that in mind right now. Nevertheless, I applaud the work of the Conservative Party member who introduced this bill, which the NDP obviously supports because it is about time.
We have seen extremely tragic situations where people who dedicated their lives to a business, to a company, who set money aside, wound up in extremely difficult, trying situations when their company went bankrupt.
For example, when Sears went bankrupt, people in Quebec, Ontario and western Canada saw their pensions drop by 20%, 25% or 30% per month. These people lost hundreds of dollars because they were not priority creditors under the law. Bankers and investors took precedence over the workers who had, in some cases, devoted their entire lives to these companies and counted on them. This is not a question of charity, a gift to these workers. It is their money. They set aside wages for years, decades, to cover their golden years. It is their money.
It is good that today, as parliamentarians in the House of Commons, we can act soon to help these people, to protect them and to avoid dramatic situations like those we have seen with Sears and many other companies.
I will tell a quick personal story. I was a teenager when my grandfather died. I am from Saint-Jean-sur-Richelieu, and my grandfather Urgel worked at Singer for 44 years. Singer was the big factory that drew people to the town for work. It employed thousands of people. My grandfather worked there for 44 years and then he retired. A few years later, Singer went bankrupt. Not only did it go bankrupt, but its executives took off with the pension fund. Those folks just took the money and ran.
The Singer pensioners had to fight in court for years. They had to hire lawyers to get some of their money back. Unfortunately, by the end of the long legal proceedings, my grandfather, like many of his co-workers, had died. My grandmother did finally receive a small portion of the pension that Singer had stolen from them. This is just a family example, not a personal one, because it did not affect me. However, I was told this story, and it really did affect my family. The fact that no one had any protection at the time, the fact that the workers were not considered priority creditors ahead of the investors and bankers, really affected my family.
The NDP chooses to put people first and stand up for them ahead of the banks, and we are not afraid that people are going to stop investing in Canada and that the sky is going to fall because of it. In fact, I think we can go even further. When the rules of the game are known and they are the same for everyone, then investors can make informed investments, knowing what the rules are, what the consequences of bankruptcy will be and who will be paid first because it is their money first and foremost.
The bill could have been improved. My NDP colleague, the member for Elmwood—Transcona, tried to do so by proposing an amendment in committee to protect not only pensions and retirement plans, but also severance pay. Oddly enough, the committee chair ruled that the amendment was out of order, that it fell outside the scope of the bill. However, this friendly amendment had been welcomed by the member of Parliament who is is responsible for this bill. It is therefore rather odd that the Liberal chair of the committee would reject a friendly amendment, which seemed to me to be perfectly in order since it concerned the rights of workers in the event of a company's bankruptcy. It was done in exactly the same spirit, and the majority of the committee members agreed with the amendment.
That decision was upheld by a Speaker's ruling. The NDP tried to pass a unanimous consent motion to undo the Speaker's ruling, which is something that can be done and is well within the rules. Unfortunately, some Liberal members refused to overturn the Speaker's ruling, refused to respect the will of the committee, and refused to protect the rights of workers when it comes to severance pay. Usually, in the House, we do not know who said no. However, oddly enough, the member for Winnipeg North said he was not the only person who said “no”. In saying that, he himself admitted, as the member for Winnipeg North, that he had said no to this request from the NDP for unanimous consent to respect the will of the majority of committee members. However, he never explained why he, as the member for Winnipeg North, or why the Liberal Party members were against protecting severance pay in the event of bankruptcy.
For a party that claims to be a friend of unions and a friend of workers, that is rather odd and contradictory. I look forward to hearing the member for Winnipeg North explain to us why he opposed this measure when he is a democrat and respects the will of the committee. While the three opposition parties agreed on this amendment, he said no in the House and opposed workers' rights. I look forward to hearing the member for Winnipeg North explain why.
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That is very kind.
I will take the next few minutes to review the purpose of this new bill introduced by the former Conservative leader. It is essentially designed to give more work to the Office of the Auditor General of Canada, but to do what? To investigate the Bank of Canada? Why?
As my colleague before me already said, the Bank of Canada is already accountable to Parliament for its own administration, its work, its monetary policies and its decisions through House and Senate committees.
It seems that the reason behind this is to hype up the bill introduced by the member for Carleton, who is pointing the finger at Canada's central bank, accusing it of creating all our inflation woes and blaming it for the current decrease in purchasing power that Quebeckers and Canadians are unfortunately experiencing. As we said earlier, the Bank of Canada is not perfect and we have a duty to criticize it and to demand accountability.
This bill is a thinly veiled threat, an attempt by the Conservatives to intrude on and interfere with the Bank of Canada, an independent body. They are doing this for partisan and political purposes. They want to use the Office of the Auditor General for partisan purposes, in a thinly veiled threat to Canada's central bank.
This bill reeks of populism. I think it is pathetic that they are taking up hours of our time in Parliament to help give a Conservative Party leadership candidate some credibility on this issue.
Of course, from a libertarian or far-right economic perspective, the likes of which can be found in the ranks of the Conservative Party, no one blames anything on big business and the massive profits these companies are making. They think it is perfectly normal for the big oil companies and big grocery chains to profit off the pandemic, the crisis and the supply chain issues by unreasonably increasing prices at the expense of workers, the least fortunate and families that are struggling.
The Conservatives are leaning into right-wing populism and will never explain why billionaires should exist or why companies make billions of dollars at Canadians' expense. Instead, they blame the Bank of Canada.
I do not necessarily agree with dramatically raising interest rates as a way to fight inflation. It has tragic consequences for people who, for example, are already having trouble paying their mortgages and bills. That is one way to do it, but it is really not in the best interests of the poor, workers and the middle class. I will come back to that later if I have time.
They want to discredit Canada's central bank in order to give more credit to cryptocurrencies. I do not know whether anyone has been following what has been happening lately with the collapse of cryptocurrencies. They are not governed or controlled by anyone, and no one is accountable to anyone else.
Of course, cryptocurrencies are an unbridled capitalist's dream. I am not sure that this is the kind of society that we want to live in. I am not sure that we should be telling people to trust this virtual currency and that this is how the country's currency is going to be run from now on, because some shadowy forces are controlling the evil Bank of Canada and that this is not in everyone's best interests.
This is really a bill that is being used for partisan purposes, for the leadership race that is going on right now.
If we want to point the finger at those largely responsible for the current price increases, then we must not be afraid to look at the facts and see who exactly is lining their pockets right now at the expense of the average citizen.
The Association des distributeurs d'énergie du Québec recently published a chart to make comparisons between the number of cents in the price at the pump between 2008 and 2022, that is attributable to different factors. In 2008, the price of oil was 84¢, while it is at 91¢ this month, May 2022.
That is not a huge increase. Pollution pricing rose from 1¢ to 9¢. Taxes have gone up, but not that much, just from 45¢ to 60¢. The refining margin, in contrast, has gone up from 9¢ to 48¢. That is the biggest contributor to rising pump prices over the last 15 years, and it is profit for big corporations like Suncor and Imperial Oil, which made billions in profits in the first quarter of this year.
We have to be able to tell people the truth. We have to be able to tell them that there are solutions other than raising interest rates. The NDP has solutions to help people get through this crisis. Increase the GST tax credit, which helps hundreds of thousands of people in Quebec and across Canada, and increase the Canada child benefit, which is a good way to redistribute wealth.
We need to be able to tax these companies that are making billions of dollars in profits so that we can redistribute that money to the people who really need it, people who are suffering right now and struggling to pay their rent and buy groceries.
There are other solutions. I would point out that, in this morning's edition of Le Devoir, a dozen economists went over different ways we could be helping people, including regulating Airbnb rentals, lowering the cost of public transit, building massive numbers of social housing units and bringing in rent control. Not all of these measures would come from the federal government, but there are some excellent ideas and solutions.
What is currently before us is not only unnecessary, but also dangerous for our democratic institutions.
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- Apr/26/22 11:04:41 a.m.
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Madam Speaker, I thank my colleague for his question.
The NDP calls the Canada Infrastructure Bank the privatization bank, because it is governed by a market-based logic in which investors get guaranteed profits and returns. As a result, projects are selected mainly based on returns, not public usefulness.
That is what the NDP has a problem with. We would like to see the Canada Infrastructure Bank become a real public bank that serves the public interest, not a bank that gives guaranteed returns to private investors. If the bank is operating from a perspective of guaranteed returns, then the choices that are made will not necessarily be good for the energy transition or the well-being of the population in general. They will only be good for shareholders.
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- Apr/4/22 1:53:00 p.m.
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- Re: Bill C-8
Mr. Speaker, I thank my colleague for his speech.
I am a bit surprised to hear him argue against dental care. I would imagine that getting reimbursed for dental care would save people in his riding a lot of money.
However, I would also suggest to him that, if we want to pay for new services, then we need to go and get the money where it can be found.
What does my colleague think about a special tax on the indecent profits being made by the big banks? They made $60 billion in profit last year, which represents an increase of 40% in just one year.
Why not tax the super-rich and corporations like banks that make outrageous profits?
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- Apr/4/22 12:39:43 p.m.
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- Re: Bill C-8
Madam Speaker, I have a question for my Conservative colleague, who gave a good analysis of how Canadians are struggling these days, since housing is so expensive and groceries are getting increasingly expensive.
Why not look at where the money is, in order to help people? The banks made record profits last year, totalling $60 billion, an increase of nearly 40%. While so many are struggling, we have CEOs earning $8 million, $10 million or even $16 million a year.
Why not be bold and courageous, and find some money by going after the superwealthy and the big corporations, like the banks, which are making obscene profits?
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- Feb/21/22 4:51:29 p.m.
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Madam Speaker, my colleague from Louis-Hébert raised some very relevant points.
He touched on the issue of freezing the bank accounts of individuals or businesses involved in the organization of these illegal occupations, who often have ties to the far right. Does he not find that cutting off the funding of all those who want to destabilize our democratic institutions is an extremely effective measure?
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