The House resumed from September 22 consideration of the motion that Bill , be read the second time and referred to a committee.
:
Mr. Speaker, it is always an honour to stand in the people's House to talk about the important issues Canadians are facing. I will note that I will be splitting my time with my hon. friend and colleague for .
Before I get into the substance of my speech on Bill , I would simply note an observation. As I was reading through the orders of the day, I was having to get used to things such as the bill before us being introduced in the King's name. It is certainly something that will take us some time to get used to, as we acknowledged earlier this week Her Majesty had an incredible 70-year rule on the throne, and now King Charles III is taking the helm as monarch and King of Canada.
It has certainly been interesting to observe the Liberals governing this week. They have seemingly participated in a massive pivot, a change of direction, or a change of course, however one wants to define it, but they have finally taken the advice, or I suppose they have heeded the warnings, of the new Leader of the Opposition.
The Leader of the Opposition, both prior to and pretty consistently since I got to know him after first being elected in 2019, has talked a lot about the economy, the impacts of government policy on the economy and ultimately how that affects Canadians. Over the last eight or nine months during which the Leader of the Opposition was running to be leader of the Conservative Party, he talked a lot with Canadians about how economic policy has a direct impact on their lives. However, all of a sudden, once the Leader of the Opposition was elected leader of the Conservative Party, the Liberals decided that they needed to do something about it.
I am sure Liberals heard from their constituents, because I have certainly heard from mine, and in fact, I have heard from quite a few constituents from Liberals ridings who have shared with me how their Liberal MPs are simply not listening. It is interesting that now, all of a sudden, the Liberal Party and the , who has noted quite publicly that he does not spend too much time thinking about monetary policy, would focus their policy agenda on making sure that, at least when it comes to talking points, they are seen to be doing something.
Let us build a foundation of the current circumstances we face. The average Canadian family is facing the devastating consequences of inflation. I recently sent out a householder survey, which I referenced in question period earlier. It asked a number of questions, and one was on the carbon tax. Of those who responded, 94% of constituents said that they are facing challenges related to the increased costs related to the carbon tax. Further, 96% of respondents are facing challenges and struggles.
On my householder surveys, I always give an opportunity for constituents to share stories, leave comments and give me feedback as their representative. From the 96% who said that inflation and increases associated with the cost of living are having negative impacts on their lives, I heard stories of people having to choose between heating their homes and purchasing groceries, of families having to change their grocery-buying habits and of the dramatic increase in food bank usage. It was heartbreaking.
I represent an area of the country, thankfully, that has two of what I call our “legacy” industries, and I am very proud of them both. One of them is agriculture and the other is energy. The prices of oil and, generally, of natural gas, although there are some distribution challenges right now with natural gas, have been up, yet families are still struggling. When it comes to agriculture, although it was fairly spotty, generally my constituency got some rain, unlike much of the country, and agriculture is doing okay, yet those families are still facing challenges related to the cost of living.
Economic policy truly has an impact, and that is why it matters that we talk about these issues. I would just note how a recent Fraser Institute report outlined how a massive change has taken place over the last number of years, so that the most expensive part of a Canadian's life is generally now paying taxes to government.
I am going to highlight a fundamental difference that exists between the left and the right when it comes to public policy in Canada. That is certainly my perspective not only on Bill , but also on much else of what the government does. The Liberals and the left want control. They would rather take Canadians' money and then decide how much they deserve to get back. We see this with the carbon tax. In fact, I found it really ironic when the talked, I believe it was yesterday, about how outraged she was, and the indignation she had, about how Conservatives were not willing to embrace the carbon tax because of its being an economic mechanism.
It certainly is an economic mechanism. I would suggest that it is bad public policy and certainly misguided. What we see here fundamentally is the ideology of how the Liberals approach things, and I hope Canadians are listening. Liberals and the left, whether that is the Liberals themselves or their coalition partners in the NDP, although they seem to maybe be getting cold feet in that regard and have finally been a little critical of their coalition partners, as well as the Bloc when it comes to much of their economic policy, all want more control. They will take money from Canadians and then decide how much they should give back.
Conservatives have a fundamentally different philosophy. We believe in empowering Canadians. We believe in ensuring that it is Canadians who have the responsibility to deal with the dollars they worked so hard to earn. Before the Liberals jump up and say, somehow, we are heartless and whatnot, Conservatives believe that we need a strong social safety net. We believe in an efficient, compassionate social safety net.
However, that fundamental difference defines much of the debate that we are having. The fact is that the Liberals will more or less, although it is a bit of a strong word, bribe Canadians with their own money and claim it as a solution to the challenges associated with the rise in costs. Fundamentally, that is a short-term solution that economists generally agree will exacerbate the challenge. It is also not going to help in the long term.
Conservatives this past week made it very clear that we are happy to work with the government, but we have some guidelines that I have heard from constituents and I know my colleagues from across the country have as well. We have to put a hard line and stop the massive increases in taxes, the eating away of Canadians' paycheques. These economic principles and philosophies matter.
While Bill would give some relief to Canadians who are facing the challenges associated with inflation, it is temporary and it is a continuation of a trend of damaging economic policies that ultimately are making our economy weaker and causing Canadians great pain.
Action needs to be taken. I would conclude with this: The Liberals like to stand on their high horse and talk about how they somehow have this massive mandate from Canadians. In the last election, the Conservatives won the popular vote. We did not win the most seats in the House of Commons, but I would encourage Liberal members to take pause and think of the Conservatives not as their enemies but rather as members of the House representing people who have fundamentally different views on how we should approach the challenges facing our country. I would encourage them not to demonize those who would suggest that maybe their misguided policies are leading our country in the wrong direction.
:
Mr. Speaker, let me begin by taking this opportunity to share my concern for my constituents and all Atlantic Canadians who are preparing for Hurricane Fiona’s landfall this weekend. Reports are suggesting that Hurricane Fiona could be Canada’s strongest storm ever, and the peak winds and rain may arrive early Saturday morning at high tide.
The arrival of this generational storm at high tide poses a strong risk for coastal communities throughout my riding and the province. I encourage everyone to take the advice of public safety officials, stay indoors and wait out the storm. Please monitor emergency service websites and social media pages, along with traditional media, for the latest updates on the storm.
This historic storm has the potential to cause massive destruction, and I am in constant contact with local municipal, provincial and federal government officials to ensure that all the support that my constituents may need is in place.
Today, I rise to speak to Bill on behalf of my community. This bill provides a doubling of the GST rebate in the next payment cycle, and then the rebate will go back to its current levels. The one-time payment will vaporize with Liberal inflation, which will cost more than the benefit.
This bill is one that we should not even have to have a discussion on, and it should not even be before the House. The government is finally coming to grips with the fact that Canadians are struggling right now, but it is its endless spending and money printing that got us here. The half-trillion dollars of Liberal spending means all the money chasing limited goods pushes prices up.
This 40-year record inflation, not seen since Pierre Trudeau days, and for the same reasons, means life has become more expensive for Canadians trying to pay rent and buy food. Wages are not going up to match inflation, causing even more hardship, at least for now. We should not be in a place where one-time relief is needed.
The Liberals should never have caused this record-breaking inflation. While Liberal MPs enjoy their benefits and jet around the world having $3,000 meals on private jets, inflation is having real-world impacts on everyday Canadians. Surveys show that 24% of Canadians have reduced the groceries they buy, and food banks are reporting a 170% rise in customers.
Let us take Nancy, from the South Shore in my riding. She lives on disability and receives $895 a month. Due to the skyrocketing cost of home heating, her oil bill in the winter is $700 a month. If we add on the bare necessities, like food, Internet, phone, and gas for her car, it does not really leave anything at the end of the month, if she can even pay for those.
Nancy has to drive to Halifax from her home in rural Nova Scotia every three months for treatment because of her disability. However, ever since the price of gas shot up, it has become more difficult to afford to go into the city for her treatments.
Thanks to Liberal inflation, people like Nancy need to decide if they should be using the fuel in their car to pick up groceries or receive medical treatment. Nancy worked hard and faced an unfortunate setback. Like so many, she simply cannot keep up with inflation.
We can also talk about Cameron from my riding. His mother lives a mere 35 kilometres away, in rural Nova Scotia. Cameron needs to get to work, feed his family and put clothes on his kids’ backs. However, because of the high cost of fuel, Cameron cannot afford to visit his own mother, who is only 35 kilometres away.
It is stories like this that I and many of us in this place have heard over the past year. Regular, hard-working Canadians are facing impossible financial decisions simply due to government spending that has caused the price of everything to skyrocket.
The government’s proposals do little to solve the problem. The GST rebate will provide welcome relief that Conservatives support, but it will not address the real problem, which is that inflationary deficits and taxes are driving up costs at the fastest rate in 40 years.
Here is what Robert Kavcic, senior economist at the Bank of Montreal, had to say on this. He said:
We’re not going to deny that there are households seriously in need of help right now in this inflationary environment. But, from a policy perspective, we all know that sending out money as an inflation-support measure is inherently inflationary.
There we have it. As the Liberals continue to spend, Canadians will continue to suffer.
While Conservatives welcome this much-needed support, the one-time cheque of $467, for a family of four that is eligible for this benefit, covers less than 40% of the Liberal inflation at the grocery store and does not begin to cover the rising costs of heat, gasoline or rent. The average family of four is now spending over $1,200 more each year to put food on the table. Grocery prices are up almost 11%. More than 70% of families with children will not receive support. Liberal inflation is hitting these families hard while the Liberals ignore the issues.
The Conservatives have called for the Liberals to scour government spending to find savings to pay for these proposals to avoid adding to the costs. Let us start with axing the $25-million ArriveCAN app altogether, scrapping the $35-billion Infrastructure Bank and reducing the bloated bureaucracy. Departments like DFO have doubled their HR department in the last three years. There are more than 800 HR people in DFO alone now. I guess it needs this because the department has grown by 4,300 employees in only three years. While Canadians lost their jobs, DFO went on a job-hiring binge. That is why the new promises to introduce a pay-as-you-go law for the federal government. The plan will make sure that, if it wants to spend a dollar more, it has to find a dollar in savings.
If the Liberals were serious about making life more affordable for workers, families and seniors, another thing they would do is cancel the tripling of the carbon tax immediately. It is not just groceries, gas and home heating the government has raised taxes on. In fact, it is difficult to find anything that the current government has not raised taxes on.
During the pandemic, the Liberal government raised payroll taxes and alcohol taxes three times. On top of that, it removed key tax credits that families depended on, like the fitness and arts credits, along with public transit credits. Now it is raising the payroll taxes of EI and CPP. This means every Canadian will be taking home less money at the end of each month. These taxes are coming at the worst possible time for Canadian families who are struggling with rising costs.
Instead of freezing taxes, or better yet reducing them, the Liberal government is raising taxes on people who are struggling to make ends meet. This is causing structural inflation. High spending and increased taxes can only be fixed with structural changes to government spending, not with one-off measures.
The bill will provide a one-time temporary relief, but it does not have to be this way. It does not have to be this type of relief. The best solution is a permanent one, not a temporary one. It is to restrain government spending, which causes inflation, lower taxes and eliminate the tripling of the carbon tax.
The hurt inflicted on Canadians by the government must stop. Canadians cannot simply afford the current government anymore.
:
Mr. Speaker, I appreciate the opportunity to speak to Bill and add my voice to this. I hope I am bringing a bit more light than heat, because I have been listening here for a while and there seems to be a lot of heat but I am not sure how much light there is in it.
I am splitting my time with my favourite colleague from . I look forward to what she has to say and possibly look forward more to what she has to say than to what I have to say.
I also want to extend my concerns to our colleagues and the people of Nova Scotia and the Maritimes generally for what they are facing this weekend.
I cannot help but make the observation of dissonance between what this chamber, particularly on the Conservative side of things, says and the realities of climate change. How many once-in-a-lifetime events do we have to have every year before we realize that climate change is among us? We have been watching the floods in Pakistan. We have been watching the fires out in western Canada and watching California literally burn down. We express sympathy for that. We rush in as best we can to repair the damage after the fact. However, we fail to deal with the fundamental issue that is before us, which is the reality of climate change.
Therefore, the most practical solution is to apply a cost to the carbon that we all put in the air. We all put it into the air, yet we are extremely resistant to doing anything about it. I just want to make that as an observation. There is a dissonance between the way we talk about climate change and the climate emergency, and the willingness to actually make the sacrifices that are necessary in the form of some form of taxation or costing, in order to be able to mitigate the costs.
However, this is a discussion about Bill . It is a bill that, it looks like, enjoys virtually unanimous support in the House. It is one of a suite of measures that the government is taking to fight inflation. I am kind of amused by that language: fighting inflation. I am sure inflation is just scared that the Government of Canada, the governments of the provinces or any government is fighting it, because inflation is what inflation is.
I have found that the members opposite are really quite elegant and eloquent in describing the problem, which is the high cost of groceries, the high cost of fuel, the high cost of rent, etc., and are very able to do that. I have heard it in my own riding. I have found that the answers that I give in my own riding do not resonate. When I say that it is partly due to Putin's war, the response of my constituents is “we do not care”. When I say it is difficulties with supply chains, my constituents say, “we do not care”. When it is having to do with various other causes, my constituents just do not care. The reality is that they want me, us, the government, to do something.
The government actually has a limited array of things that it can do to fight inflation. The first one, of course, is monetary policy. This is generally where everyone nods off who is not already asleep because monetary policy is possibly the most boring thing ever. Mr. Speaker, I appreciate your getting an extra coffee before I rose to speak.
Monetary policy is essentially run by the Government of Canada. Years ago, the government made a very wise decision to take monetary policy out of this chamber, out of the political vicissitudes of the day, according to whatever the government or the Parliament of the day thought should be done with monetary policy, so that is run independently.
Some of us can criticize the Bank of Canada, and some members of the opposition in particular seem to be very enthusiastic about criticizing the operation of monetary policy. I could even make the argument that it started to raise interest rates a little slowly. However, it certainly has done what it can do to raise interest rates and restrict the supply of money.
Doing that, however, has consequences. The consequence is that it slows economic activity, and when we slow economic activity, we create unemployment. That is not a very good outcome for any of us, really. That is the consequence of monetary policy, and it needs to be moved forward.
The previous member talked about the government of Mr. Trudeau in the seventies. I was around in the seventies and remember stagflation. Stagflation meant having the worst of both world: inflation plus a high unemployment rate. Fortunately, we are not there, and possibly we have learned something about the application of monetary policy.
That is the first instrument any government has for dealing with this. It is being executed as well as it can be executed, and there has been some impact in cooling the real estate market.
The second array of the government's abilities is fiscal policy. Notwithstanding what some might say, this government is in relatively good shape with regard to debt-to-GDP ratio. I know we ran the debt-to-GDP ratio up during the COVID era, but there are no free lunches in this world and it will need to be dealt with.
At this point, a couple of things have been done well, one of which is buying long-term debt at low interest rates, so the cost of debt, at this point at least, is limited. We also have a reasonable unemployment rate at this point, so there is full employment and a government that has its fiscal house under control, although I would not say in order. There are challenges in managing that, but still, the fiscal situation is not bad for this country.
The third element of any government's approach to inflation is programs. That is part of what we are talking about with Bill and the temporary increase in the amount of HST refund for those who qualify, which is primarily people with an income of under $40,000 a year.
In my riding, the Canada child benefit is a huge benefit. It is $100 million a year going into my riding, affecting something in the order of 8,000 of families. The money goes to the people who actually need it the most. Economists can make the argument that we are putting money into the economy and are therefore creating our own level of inflationary pressures. There is some truth to that, but if it is a choice between rent and eating, I am sure my constituents appreciate the Canada child benefit, just as they appreciate the rent subsidy, the carbon rebate and the child care program that is going forward.
These are all programs that a government can put forward. It is a reasoned response to a very difficult situation largely caused from outside the country on a relatively small economy.
:
Mr. Speaker, I am pleased to have the opportunity today to join the debate on Bill , the cost of living relief act.
I have to say this is something that I know people in my community want to see. After a summer of having conversations with people back home in the community about what their needs are and what they are seeing, this is a chance to show that we are here and that we are responding to what their needs are in a very real way.
Inflation is a global phenomenon. We have heard this said a few times today. It is driven in large part by the lasting impacts of the pandemic. It has been amplified by China's COVID zero policies. It has also been amplified by Russia's invasion of Ukraine. We can say all that, but I also agree with what the member for said, that those may be the causes, but people want to see action. This is where we get to say that we are taking that action to provide people with support.
Just so we have the backdrop, inflation at the moment is at about 7%. It is less than that of many of our peers, such as the United States, which is at 8.3%, the United Kingdom at 9.9% and Germany at 7.9%, but it still has a bite. Those are the numbers. It is still having a bite.
That is why our government now has the affordability plan, which is a suite of measures. It is new support here for 2022. It includes doubling the GST credit for six months. That is just one measure that is going to be able to make life more affordable for millions of Canadians. I will talk a little bit more about it as we go forward, but I want to also talk a bit about some of the backdrop to the work that we are doing generally. That is really important.
When I was first elected, one of the big pieces that I said I wanted to tackle was income inequality. I said it was something that was very important. I heard that. People in my community were raising it. We were talking about the additional measures that are happening today because of inflation. It builds on a suite of measures that we have been putting in place to build a stronger safety net. That is really important.
Among some of the things we talk about is the Canada child benefit. Originally, the same size of cheque went to anyone who had children. It had very limited impact. There were people who were really wealthy who were receiving it. People in need were not receiving the extra help that they needed.
I talk with people in my community about the Canada child benefit all the time. They tell me that it had an impact, because now it is means-tested, which means that people who have a greater need receive more money and the people who do not need that help do not receive it. That is okay, though, because they know that other people who are in great need in our community are getting that extra support. It puts thousands of dollars in the pockets of people to help feed their families.
In fact, studies in Toronto showed that it had a very real impact on food insecurity in families, that it was reducing food insecurity by significant numbers. It also had an impact, by Statistics Canada standards, on reducing poverty for children.
One of the other things that I was really excited about and wanted to accomplish when we were here was child care. Let us talk about raising a family. My kids are older teens now, but I had to put their names on a wait-list for day care before they were even born to get a spot in Toronto. By the way, that is still very much the case in Toronto. The cost was tremendous. People have to make a real decision about whether they can afford to have a child, whether they can afford to work. It has a disproportionate impact on women.
The newest pieces that we have heard over the past year from our government, with the agreements we have reached with all of the provinces and territories for a national child care plan, are part of that safety network. This means that more people are able to work, which is part of the issue when we are talking about inflation and the like. We are also talking about labour shortages being another challenge in there. Allowing more people to have access to work helps with the labour shortages.
I will go back to the bill a little more here. We know that no single country can solve all of the global problems that we have been talking about that are driving higher prices, but we are taking tangible steps to get inflation under control here in Canada, to make life more affordable for Canadians.
I want to recognize the central role of the Bank of Canada in addressing inflation. For more than three decades, it has been the bank's responsibility to tackle inflation here in Canada. Our government reaffirmed that central mandate last December. The bank has begun its work to bring inflation back to the target and we have seen that with the monetary decisions that have been made.
The Bank of Canada and private sector economists now expect inflation to ease toward 2%, which is the target over the next two years. That is where we are going, but we have this piece we are in right now. This bill is about where we are right now.
I want to talk about the affordability plans, like doubling the GST credit, which will support Canadians with the rising cost of living. This is a plan that is still very targeted. It is a fiscally responsible financial support for the Canadians who need it most. There is a particular emphasis on addressing the needs of Canadians with low incomes who are most exposed to inflation. It is also a way of making sure it has fiscal responsibility to it. This is not a blank cheque. This is a targeted means of supporting people who have the greatest needs.
What does this plan mean for Canadians this year? It means the doubling of the GST credit for six months. This would provide about $2.5 billion in additional targeted support this year to the roughly 11 million individuals and families who already receive the tax credit, including about half of Canadian families with children and more than half of Canadian seniors.
It also means enhancing the Canada workers benefit to put up to an additional $2,400 into the pockets of families with low income starting this year. It means a 10% increase to old age security for seniors over 75 that began in July, which is providing up to $766 more for more than three million seniors this year.
It also means a $500 payment this year to 1.8 million Canadian renters who are struggling with the cost of housing through a one-time top-up through the Canada housing benefit. That is particularly important in a place like Toronto, where I live. Rent is tremendously expensive and having that extra support to put toward rent will have real tangible outcomes for people in my community.
I talked a bit about the child care fees and the child care plan. This is of personal interest to me. The long-term plan is to get to $10-a-day day care. This year, Canadians are going to see their child care fees reduced by 50% by the end of this year. That is a huge help for people living in communities like mine.
Additionally, the affordability plan includes dental care for Canadians earning less than $90,000 starting this year with hundreds of thousands of children under the age of 12. We know that dental care is a really important part of health care. I am really proud that we are going to be able to deliver that.
There is also the indexation to inflation of benefits like the Canada child benefit, which I talked about earlier. The fact that it is indexed means that each July, people will see an increase to their Canada child benefit. When I talked with anti-poverty advocates, that is one of the things they asked for. They wanted to make sure it was indexed so it would take into account the rising cost of living. That is something else that will help.
There are also increases to the guaranteed income supplement. Another thing that was requested in my community, and we are really excited to be able to deliver on it, is a federal minimum wage of $15 indexed to inflation, which makes it now $15.55 an hour.
I want to make sure that the message is out there that we recognize this is a difficult time and we are taking effective measures to support Canadians. More than that, this is not the only time we have done this. We have been there throughout and we are going to keep working to make sure there is a secure safety net that supports Canadians through all times.
:
Mr. Speaker, it is always a pleasure and an honour to rise in this House on behalf of my constituents in Calgary Midnapore.
Before I begin my remarks on Bill , I would like to send my dearest regards to our good friends and fellow Canadians across Atlantic Canada and eastern Quebec. Now is the moment to prepare as the storm approaches. My thoughts and prayers are with our fellow Canadians in Atlantic Canada and in eastern Quebec.
No doubt, the GST rebate will provide some welcome relief, which Conservatives will support, but ultimately, fundamentally, this will not address the real problem. Inflationary deficits and taxes are driving up costs at the fastest rates in nearly 40 years. My goodness, that is almost as long as I have been on earth, and I will not give my age here, but it is certainly a long time.
I would say that, for longer than two years, Conservatives and our new leader, the member for , have tried as best as they could to warn the about the consequences of his actions and how much they hurt Canadians from coast to coast to coast, and the coasts are important to remember as we remark upon the events of today. Conservatives have called on the government to cancel all planned tax increases, including the payroll tax hikes planned for January 1, and as the shadow minister for employment, this piece is particularly important to me, along with the tax hikes on gas, groceries and home heating scheduled for April 1.
Another tax that has been an incredible burden on Canadians has been the carbon tax. If the was, in fact, serious about making life more affordable for workers, families and seniors, he would cancel the carbon tax immediately. These taxes are coming at the worst possible time for Canadian families who are already struggling with rising costs due to the Prime Minister's inflation. Instead of freezing taxes, the Prime Minister is raising them on people who are already struggling to make ends meet.
This credit will be a one-time help of $467, which, as I said, we welcome as a small piece of relief for families, but we must contrast that with the fact that the average family of four is now spending over $1,200 more a year to put food on the table, not to mention the rising costs of heat, gasoline and rent.
Grocery prices are up by 10.8%, rising at the fastest pace in 40 years. Fish is up by 10.4%, and perhaps it will be more after the dreadful weekend ahead of us. Butter is up 16.9%. Eggs are up 10.9%, and margarine is up by 37.5%. Bread, rolls and buns are up by 17.6%. Dry or fresh pasta is up by 32.4%. Fresh fruit is up by 13.2%. Oranges are up by 18.5%, and apples are up by 11.8%. Coffee is up by 14.2%. Soup is up by 19.6%. Lettuce is up by 12.4%, and potatoes, which will perhaps increase more after this weekend, are up by 10.9%.
Individuals without children who earn more than $49,200 and a family of four or a couple with two children who earn more than $58,500 will receive no benefits, yet these food prices will not change for them. The amount of the inflationary increases they will have to pay on their items will remain the same.
This will impact small businesses. I come from a small business family, so this issue is especially dear to me. Small business insolvencies, I am sure members know, are on the rise, and the Canadian Federation of Independent Business reported that owners of one in six businesses are considering closing their doors, with 62% of small businesses still carrying debt from the pandemic. The Liberals have created a risky environment for small business, and small businesses cannot afford to do business with these upcoming tax hikes, rising debt costs and staggering inflation numbers. Again, if the government is serious about small businesses surviving, recovering and growing in Canada, then it should immediately cancel all of the tax hikes that impact small businesses.
Members should not take my word for it. Many economists are talking about the 's inflation bill. I will add that these are individuals from very credible institutions. I know that the government across the way certainly likes to turn up its nose at some Conservative-friendly institutes, such as the Fraser Institute. I heard snickering today. However, the Liberals cannot argue with these sources. One individual said:
It's always good to help people in need.
The problem is, what does that do for everyone else and does it really help [those on low incomes] to begin with? If we have high inflation and that high inflation continues, that assistance is not going to do very much to help anyone, including the recipients of that assistance. It is just not going to be enough, and while the Bank of Canada is doing quite a bit to bring down inflation [through increasing interest rates], the government really has not done much of anything.
I am sure the government would like to think it was the Fraser Institute that said that, but it was Professor Pavlov of Simon Fraser University, a very well-known university, known to not always have Conservative opinions. Therefore, we are certainly not alone in our criticism of how little, or how “much of anything”, to quote Professor Pavlov, the government has done in an effort to fight inflation.
Another professor from Simon Fraser University, Professor Herrenbrueck, said, “If you're asking will this put further pressure on inflation, I would say probably yes, it would have to”. That is again not a glowing recommendation of the government's action on inflation from professors from a very well-known university, which does not necessarily have a Conservative point of view.
I have another quote:
While there are times where fiscal largesse is just what the economy needs, these aren't such times. In a period of high inflation and excess demand, cutting taxes or handing out cheques can add fuel to the inflationary fire, and make the job of a central bank that's raising rates to cool demand all that more troublesome.
That quote was from the chief economist at CIBC. How can we argue against the chief economist of the CIBC? It would be almost impossible.
Here is another quote and, I would say, our support of this part of the bill follows in suit with this comment: “We’re not going to deny that there are households seriously in need of help right now in this inflationary environment. But, from a policy perspective, we all know that sending out money as an inflation-support measure is inherently … inflationary.”
This is once again something our leader, the member for , has attempted to point out to the government on numerous occasions. That quote is from Robert Kavcic, the senior economist at the Bank of Montreal.
I have one final quote, which says, “it seems sensible to assume that this will add to pressures on measures of core inflation.... Any belief that it will ease inflationary pressures must have studied different economics textbooks.”
I would certainly say we are not all singing from the same songbook here when it comes to addressing the Canadian economy and inflation. That quote, to round out my quotes, is from Derek Holt, the vice-president and head of capital markets economics at Scotiabank.
We have three major banks here, CIBC, Bank of Montreal and Scotiabank, all indicating that the government has not done enough to stop inflationary measures for Canadians, which I outlined extensively with my food list and the way this is impacting people.
The average family of four is now spending over $1,200 more each year just to put food on the table. I am a mom. I go grocery shopping. I see the prices in the grocery stores. I am even hesitant to think about how my family will budget for them. I am a very fortunate mother in a very fortunate family, so I worry for my constituents and I worry for Canadians.
Grocery prices are up by 10.8%, the highest rate since 1981. Across the board, food prices are up by 9.8%. As I said, while Conservatives welcome this much-needed support, this one-time cheque of $467 for families of four eligible for the benefit covers less than 40% of Trudeau's inflation at the grocery store alone and does not begin to cover the rising cost of heat, just as winter is coming, gasoline and rent.
More than 70% of families with children would not receive this support. Again, individuals without children earning more than $49,200, families of four earning more than $58,500 or couples with two children would receive no benefits.
In closing, we have had enough of the band-aids. This economy, this country, is on life support. We need solutions. Right now, all we have is this sad bill and “Justinflation”.