- Member of Parliament
- Member of the National Security and Intelligence Committee of Parliamentarians
- NDP
- Vancouver Kingsway
- British Columbia
- Voting Attendance: 59%
- Expenses Last Quarter: $153,893.57
- Government Page
- Apr/18/24 12:34:20 p.m.
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Madam Speaker, I have seen the numbers and I listened to the finance minister state that Canada is leading the G7 in foreign direct investment.
I would turn my attention to domestic investment. I am not interested in having only foreign companies come into Canada to develop our economy. I want to build strong Canadian businesses and strong champions here at home. We have a lack of investment by Canadian companies in machinery, equipment, technology and innovation that has been lagging and dropping for many years.
That is one of the prime reasons Canada is not reaching its potential as an economy. We should be the wealthiest country in the world. We have everything in this country: land, minerals, oil and gas, food, a well-educated population and strong social supports. However, we are not reaching our potential. That is because of decades of poor economic decisions made by successive federal governments that failed to fully harness the potential that is here.
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Mr. Speaker, free trade agreements are one way that Canada can not only improve the economic conditions for our businesses here but also do so on a mutual basis. In many ways, they extend preferential conditions to the recipient host country.
Like a lot of post-Soviet republics, Ukraine has struggled with establishing a strong rule-of-law system in that country and, like a lot of post-Soviet republics, has also struggled with corruption. I wonder if my hon. colleague could point to any provisions in this agreement that may assist the parties in strengthening those institutions, which are very important to establishing credible and legitimate economic relations.
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- Apr/18/23 4:24:51 p.m.
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Madam Speaker, I will keep it brief. Last week, my colleague from Vancouver East and I hosted a town hall on the environment and heard a lot of very passionate people talk about their concerns for the environment. We just saw recently that the Trans Mountain pipeline is now estimated to cost $30 billion, and it is going to expand bitumen export in this country. I wonder if my hon. colleague thinks that spending $30 billion on that pipeline is a wise use of expenditures in today's economic climate.
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Madam Speaker, many economists, including Jim Stanford, have noted that the economic policy that is being used to combat inflation has historically led to a recession. Many economists are actually predicting a recession next year, and it is estimated that as many as 850,000 Canadian workers are at risk of losing their jobs as a result of that policy of quantitative tightening.
What does my hon. colleague say to Canadian workers? What is her view of the Bank of Canada's policy of raising interest rates in an attempt to suppress wages, which will ultimately lead to a recession and many workers losing their jobs? Does she agree with that?
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Mr. Speaker, a really important question the House needs to start taking into account is the cost of not dealing with the climate crisis. What are the costs of dealing with the massive damage that was done in the Atlantic provinces through the climate crisis, the hurricane that just hit there? What are the economic costs of having a drought in British Columbia, or having wildfires and towns being incinerated, such as what happened in Lytton? The costs are in the hundreds of billions of dollars.
We better start accounting for that. If we do not deal with the climate crisis, if we continue to allow the untrammelled burning of carbon on this planet, as the Conservatives want, then economic activity is going to be ground to a halt in many cases. What we need in this country is to transition our economy to a sustainable one.
I, for one, believe that is a way our country could benefit the 21st century. I do not think dealing with the climate crisis is a cost. It is an essential transition that will position our economy to be even more profitable in the 21st century. Ignoring the climate crisis, allowing disasters to occur and having our natural environment degraded to the point where the planet is sending a strong message that we cannot keep burning carbon the way we do, as the Conservatives want us to, is no economic plan that I can get behind.
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- Mar/21/22 1:36:52 p.m.
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Mr. Speaker, I would like to thank my colleague for an extraordinary speech, one that displays a progressive view of politics that I think is refreshing to be heard in this chamber.
It is funny. Anybody who understands history knows that in the 1950s and 1960s in this country we had a period of unprecedented growth and we had tax rates that were far fairer. Of course, then we had the 1980s and the right-wing neo-Conservative revolution with the absurd contention that the best way to help poor people is to cut taxes on the rich, and all of that has resulted in is incredible inequality in this country.
I wonder if my hon. colleague has any comment on the failed experiment of neo-Conservative economics. Does she agree with the NDP that a fair tax system is a key way to address wealth inequality in Canada?
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