Madam Speaker, I find it very interesting that the NDP does not seem to care about the effect on seniors of government-created inflation. Of course, inflation hurts savers the most.
Seniors, because of this incredibly high inflation, get rates of return on their savings that are inferior to the rise in the cost of living, which means that every single year they are becoming poorer. Meanwhile, the cash creation that the government has done floods financial markets. Just yesterday, the finance minister said that housing prices are up and food prices are more expensive, but not to worry as the stock market is rising. Of course it is rising. Having had $400 billion pumped into it, it has gone up.
The big corporations and their CEOs can use all that money for share buybacks, dividends and capital appreciation. Meanwhile, the inflated cost of living leaves our seniors poorer and poorer every single year.