That's okay; just call me “Ms.”
Speaking to the motion, and I'll reiterate this again, I believe our government very much believes in accountability. Our Deputy Prime Minister has come before this committee five times since we were last elected. Just to refresh everybody's memory, on December 9, 2021, on Bill C-2, she came for two hours and 20 minutes; on May 2, 2022, she was here for one hour and 10 minutes on Bill C-19; on October 3, 2022, she was here for an hour on Bill C-30; on November 28, on Bill C-32, she was here for an hour; and then on May 16, she was here for an hour and 30 minutes on Bill C-47.
I'll also indicate to you, to put this on the record, Mr. Chair, that between 2006 and 2015, when the Conservatives were in the big boss seat, the finance minister came 15 times in 10 years, and only for a maximum, by the way, of one hour each time. I would like to put that on the record in case people need a bit of extra history.
I'm going to agree with Mr. Blaikie on two things, and I have already mentioned one. It's been hard for our committee to reach a decision on the different amendments when we're in committee and in session. I think we can take this off-line and come to an agreement on what we need to be doing moving forward. There have been different ideas put forward, such as moving right into pre-budget consultations and starting to tap into some of the really excellent ideas that Canadians have in terms of addressing issues, whether it's the cost of living issues we have right now or whether we start looking at how we can create a more resilient and prosperous Canadian economy moving forward. As Mr. Blaikie has also suggested, we could continue with the inflation study, which is something that is very front and centre and top of mind for all Canadians right now. I'm open to all of those options.
I also do not believe that we are going to be resolving all the issues if we have the Minister of Finance, our Deputy Prime Minister, come before us. I would rather be hearing from a number of people in terms of some of the creative things that are actually happening in the world. I would rather be hearing about what we could be doing to increase productivity and increase growth here in our nation.
There are a lot of excellent ideas that don't cost money. Some have been mentioned already, whether it is relaxing our interprovincial trade barriers or reducing regulations. A lot of our businesses, whether small, medium or large, are saying there are far too many regulations and too much red tape, and maybe we could focus on eliminating some of those.
I'm not sure if we can look into supply chain issues, but I know there are some issues there. There are a number of ideas that we could be looking at that would actually improve the internal economy within Canada and make Canada more efficient. We could look more closely at why business investment has been so low and why productivity has been low. It's been mentioned by my Conservative colleagues that this has been the case, but it's been the case for a lot longer than the last eight years; we've had very low productivity rates for 20 or 30 years. Many have suggested that it has to do with our competition policy, and maybe that's something we need to look at.
In terms of Canadians struggling, believe me, every day you cannot help but be moved by how difficult the current economic climate is, and the current cost of living, and the impact it's having on our constituents and on Canadians. I think we're all moved by it and all troubled by it.
We're starting to see some of the data, as my colleague Mr. Ste-Marie mentioned, in terms of the bankruptcy rates. That's why it was very important for me to indicate that...it's awful. It's also important for us to remind ourselves what happened in terms of the economic impact of the pandemic, which has been literally unheard of. The reason I mention that aspect is that it's taking a long time not only for Canada to recover but also for the global economy to recover as well. It's important for us to understand that.
I don't know what you guys do during the summer, but other than meeting constituents, I do a lot of reading. I was reading Adam Tooze, who is a Columbia University historian, who said that within the first six months of the pandemic, 95% of the world's economy suffered a simultaneous contraction. That has never happened before. Three billion adults were furloughed from their jobs and had to work from home. That had never happened before. More than a billion and a half young people had their schooling interrupted. The sum of lost earnings in just the first six months of the pandemic was $10 trillion U.S., more than a tenth of the global GDP.
Why do I say that, you guys? It is to let you know that we had a massive heart attack, a global economic heart attack, and it takes years to recover from that. That doesn't make our jobs easier, and you know what? Nobody wants to hear about it when they're on the streets and they're just trying to put food on the table and pay the rent and get to where they need to go or get to their jobs, but it's important for us to understand the context.
I just want to remind everyone that our government has not stood still. We have at every moment tried to find ways and provide targeted support to Canadians. We have introduced the grocery rebate. We have increased the Canada child benefit, and on the seventh anniversary, which happened this year, we increased it by 6.3%. We have done a number of things for students. I was thinking about all the students who are going back to school now; we have now forgiven forever any interest on any Canada student loans, starting from August 1 and moving forward. We've increased grants up to $4,000, and we have increased the amount of loans that students can take.
We've introduced the dental benefit and we're about to introduce the national dental care plan. We've introduced national child care. We've increased the Canada worker benefit. There are so many measures that we've put into place.
I going to mention one more thing, because it's been mentioned a number of times: I'm looking for ideas. If there's more that we need to be doing, without negatively impacting the economy from an inflationary perspective, I'm open to those ideas.
One of the things I've been hearing at this meeting has been about what you call the “carbon tax”, or the price on pollution. I'm going to say to all of us that this is a very dangerous road to go down. If we have not noticed the impact on all Canadians of all the forest fires—and I just wrote this down—this wildfire season is on track to destroy four times more land than in any previous year. Disaster assistance by the federal government has been at a cost of $2.9 billion this year alone. We need to move faster to move to a low-carbon future and we need to move faster to a low-carbon economy.
I know there was an announcement by Minister Wilkinson the other day around a clean electricity grid. If we move forward with that as expeditiously as we are proposing, all the clean-energy experts are actually saying that electricity costs will actually go down for Canadians, so we want to move faster in tackling climate change and reducing emissions. That is the responsible thing to do for our kids, for our grandkids, for our future and for our world. It's also the responsible thing to do if we actually want to reduce our energy costs, both now and moving forward into the future.
Mr. Chair, it's a pleasure. Thank you for letting me speak for a few moments. I'll pass the baton on to someone else. Thank you.