- Member of Parliament
- Member of Parliament
- Conservative
- Calgary Forest Lawn
- Alberta
- Voting Attendance: 64%
- Expenses Last Quarter: $131,041.76
- Government Page
- Apr/18/24 1:23:44 p.m.
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Madam Speaker, the first thing we need to do is get this anti-energy, anti-resource government out of the way and replace it with a common-sense Conservative government that will green-light green projects. When Germany, Greece and Japan recently came to Canada begging for our LNG, we should have been leaders and been able to provide that, not only to bring powerful paycheques to our Canadian people but to replace dirty dictator oil around the world.
Another great way to lower global emissions is to replace that dirty dictator oil with clean, green, low-carbon Canadian energy that we can be proud of and that brings powerful paycheques to our people and a better economy, which will help fix the productivity issue. After nine years of this government, Canada does not look like it is open for business anymore.
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- Feb/1/24 7:14:23 p.m.
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Madam Speaker, let me begin by thanking my good friend, the member for Bay of Quinte, for bringing this private member's bill forward that is going to help Canadians.
The fast and furious finance minister speeds through the streets of Alberta but is as slow as a snail when it comes to legislation that actually matters. I thank my good friend from the Bay of Quinte for waking up the Liberals and hopefully waking up the finance minister to pass this legislation to help many Canadians and hopefully get our economy back on track.
Canada has a problem. Our country is getting poorer and so are our people. Since September 2022, the GDP per person has been declining. In fact, the real GDP per person was lower in the third quarter of 2023 than it was in the second quarter of 2018. That means five years of Canadians' wealth has been completely wiped out and the economy is less productive. Why is this important to the debate this evening? Because, fundamentally, getting GDP per person back on track relies on getting Liberal red tape and regulations out of the way and making the economy more competitive.
Philip Cross, the former chief economic analyst of Statistics Canada, has raised concerns about Canada's lagging productivity growth, pointing out that Canada's GDP per person growth rate is the worst since the Great Depression. In the past decade, productivity has only grown 4.3%, as opposed to the U.S., which saw a 47.4% growth rate. In fact, according to the OECD, Canada is last among developed countries for GDP per person growth, a statistic that the Liberal government even included in budget 2022.
William Robson, CEO of the C.D. Howe Institute said just this past December that business investment in Canada has not been this bad since the Great Depression. He pointed out that since 2015, capital per worker has been dropping while our population continues to climb, a situation that will lead to an even less productive and less wealthy economy.
Compared to the U.S., from 2014 to 2021, the Fraser Institute found that business investment per worker in Canada declined by 20%, while in the same period, U.S. investment per worker increased almost 15%. This context is important to this debate because it once again highlights the desperate need Canada has for more competition in all sectors of the economy.
According to the competition commissioner, Canada's already concentrated industries, such as banking, airlines, railways, telecommunications and groceries are only getting more concentrated. He noted that the barriers to entry are too high and too expensive. The red tape, the gatekeepers and Liberal anti-competition, anti-innovation, anti-modernization policies have shut down companies from around the world coming to Canada and from the private sector restarting growth in the economy.
Ninety-three per cent of all banking assets in Canada are controlled by the six biggest banks: RBC, TD, BMO, Scotiabank, CIBC and National Bank, as well as HSBC, which is being bought out by RBC. This has resulted in cookie-cutter services being offered at virtually the same price at all major financial institutions. Businesses and people want financial services that are tailor-made to their needs and that are accessible, easy to use and affordable.
The Canadian Federation of Independent Business recently published a study that shows that overall satisfaction by businesses in banks varies by size. Smaller businesses tend to trust credit unions and smaller financial institutions more as there is better customer services and more connection to their own communities, while medium and bigger businesses rely on larger financial institutions for access to larger amounts of financing. The options that these businesses have in finding the right institutions with the best services are shrinking.
Compared to the U.S., Canada has 34 domestic banks versus roughly 4,844 domestic American banks. That means there are roughly 121,000 Canadians for every bank, compared to just 66,000 Americans for every bank in the U.S.. In the U.S., there are almost 4,800 credit unions, while in Canada there are only 200.
Competition in any sector is vital to lowering the cost of the goods we buy and the services we use as consumers. More importantly, it also leads to innovation and modernization that will allow Canada's industries to compete globally. That is why consumer-led banking is key to the success of innovation in Canada's financial sector and for bringing home affordable banking solutions for all Canadians.
There are examples globally of this modernization actually working to bring home lower bank fees, better services and more economic growth. The prime example is the model of the U.K., where since 2017, the growth of consumer-led banking has been exceptional and, in fact, has saved businesses and individuals over 18 billion pounds, thanks to lower or no banking fees whatsoever.
The British government brought in consumer-led banking as a market-based fix for an overly uncompetitive financial sector, and between 2018 and 2023, the number of fintechs in the consumer-led banking space jumped from four to 295. There are more than seven million users of consumer-led banking in the U.K. and, as of 2022, they had made 68.2 million payments using this technology. For those users, banking and transaction fees are zero. This modernization has added billions of pounds to the U.K. economy, created thousands of jobs and created real competition in the financial sector.
Globally, the consumer-led banking market has grown to $128 billion as the U.K., most of the EU, Norway, India, Australia, South Korea, the Philippines, Brazil and Mexico bring consumer-led banking online. The U.S., Turkey, Israel, Saudi Arabia, Thailand, Malaysia, Indonesia, New Zealand, Japan and Taiwan are joining Canada in reviewing or setting up a consumer-led banking system. The success that the U.K. has had with this modernization, and the fact that major economies and trading partners with Canada are bringing consumer-led banking online, should be an indication that Canada needs to get the ball rolling.
However, more importantly than that, we see the benefits that consumer-led banking can have for people and businesses: the savings, the access to financial services and the freedom of choice. Fintechs in Canada are already building up the customer base, the technology and the services that will be important to making a modern banking system work. Questrade, Wealthsimple, Neo Financial, EQ Bank, Borrowell, Intuit and others are already building the components to offer competition, choice, and low-fee, tailor-made banking options to all Canadians.
In fact, credit unions are wanting to partner with fintechs to offer better services and products to their customers, but fintechs and credit unions need the government to get out of the way and let consumer-led banking go ahead. There are more companies that want to come to Canada, like KOHO, which just applied to the Office of the Superintendent of Bankruptcy to be considered a schedule 1 domestic bank and have access to the Canadian market.
After the Liberal-NDP government rammed through the RBC-HSBC merger without actually thinking of the Canadians who would be impacted by the decision, it is good to see that there are still fintechs and financial companies out there that want to do business in Canada. As common-sense Conservatives look to the future without the Liberal government and the fast and furious finance minister, our side is working with Canadians and businesses to develop real solutions that will bring home competition and productivity growth.
We need to focus on these common-sense solutions for Canadians and all newcomers. It benefits not only the people living here but also the many who will come here looking for a better future. When they come here, they get hit with Liberal-NDP high inflation, high taxes and a high cost of living. At least we can do this for them so they will have the freedom to move around their data and have more competition, which would lead to better products in the future.
It is clear; the common-sense Conservative team is going to axe the tax, build the homes, fix the budget and stop the crime. Let us bring it home.
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Madam Speaker, I agree with the member that the recovery after the pandemic was harder than what people thought. The Conservatives have been saying all along that when there are too many dollars chasing too few goods that is exactly why a lot of the businesses are suffering today, let alone everyday Canadians. The government continues to spend.
Let us remind everyone that 40% of the pandemic spending had nothing to do with the pandemic in the first place. Money went to organized crime through the government. Money went to people who literally were dead, to people who did not live in Canada and to public servants. The government is spending more and more money, yet it is not helping small businesses. It is raising their taxes. It slammed on a second carbon tax that applies without any rebate whatsoever. These types of things are stifling the economy.
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- Oct/17/23 12:40:25 p.m.
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Madam Speaker, this gives me the opportunity to actually let my hon. colleague know what our plan is. First of all, we are seeing today that productivity is as bad as it was back in the Great Depression. We would make sure to bring up productivity, including by getting more of our resources to market to make sure more of Canada gets our low-carbon intense energy and to bring better jobs and a better economy to this country.
We would also bring in a dollar-for-dollar law under our next prime minister, the member for Carleton, where we would have to find a dollar of savings for every dollar the government spends. Because of the failed policies of the Liberal-NDP government, Canadians are having to make the choice of finding a dollar of saving to spend a dollar, just because of how bad things have gotten and how much their taxes are hurting them. The government should work that exact same way. The government needs to work for the people, and that is how we would do it.
We would bring in a dollar-for-dollar law and make sure we got rid of all the wasteful spending, such as the $22 billion that was spent on worthless Liberal insider consultants because the ministers are too incompetent to do their own jobs.
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- Dec/1/22 2:32:14 p.m.
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Mr. Speaker, Canada was seen as a country of prosperity. That is why my family came here. Like so many newcomers, we came here with very little, but with hard work we were able to succeed.
Today, that dream for so many newcomers and citizens has gone up in smoke because of Liberal mismanagement of the economy. We have 40-year highs in grocery prices. Home prices have doubled under the Prime Minister, and now mortgages cost Canadians 64% of their income. The Liberals plan to pile on even more pain.
Will the Liberals stop their inflationary spending and stop driving up the cost of gas, groceries and home heating?
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- Nov/28/22 2:31:47 p.m.
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Mr. Speaker, that is a tax plan and not a climate plan.
The Liberals' failed plan is sending more Canadians to the food banks, and there are more families that have to skip meals. They keep failing on the environment. They have not fixed the economy. They keep charging Canadians even more.
Why will the Liberals not get out of the way, give Canadians a break and axe the tax?
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- Nov/24/22 2:36:51 p.m.
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Mr. Speaker, that is a job well failed by the government. It has not been able to fix the environment or the economy. It keeps making things worse, driving more families to food banks, with 1.5 million Canadians having to use food banks and one out of five Canadians having to skip meals. This is the government's plan. It does not have an environmental plan. It is a tax plan. It is not working.
When will the government axe the tax and give Canadians a break?
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- Oct/20/22 2:32:58 p.m.
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Mr. Speaker, the Liberals will continue to blame everyone else for their homegrown failures, and these failures are driving Canadians deeper into debt. They cancelled good Canadian energy projects, attacked our farmers and hit Canadians with a job-killing carbon tax. They drove up inflation and made groceries, gas and home heating more expensive, driving more Canadians to food banks and homeless shelters at an alarming rate.
How can anyone believe that the same government that is pile-driving more Canadians into insolvency will give this economy a soft landing?
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- May/19/22 1:54:32 p.m.
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Madam Speaker, I would argue that the member continues to support the government in helping to make Canadians more miserable. Whether that is our hard-working energy sector workers or the bad policies of the Liberal government, she continues to support the Liberals. Every step along the way, I have seen the member support all the bad policies of the Liberal government.
In turn, Canadians are miserable. We see that every single day. I do not know what science or what proof the Liberal government can provide to anyone or to Canadians that can prove that its vindictive mandates should still be in place today. Look at the mess the Liberals have created in every sector.
The point of my entire speech was that it does not matter what industry or what sector. The government is great at making everyone miserable. If people are trying to come to this country, it is hard enough to get here. The ones who are here are miserable because of high rates of inflation, because of the economy and because they cannot afford a home. The ones who are trying to leave cannot even do that. The government is great at making everyone miserable.
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