Madam Speaker, it is a pleasure to speak to Bill C-14. I think it is important to note the curious situation we find ourselves in today. Here we are, with the government putting this legislation on its agenda this week, debating the fall economic statement in the middle of April. In yet another example of Liberal mismanagement of important files, we are here debating legislation introduced last year, comprising a whole host of financial measures.
There are some good parts of this legislation, but there are measures that could have been implemented last year to help people. Now, it seems odd debating this when we have a budget set to be released in just five days. Similarly to how the Liberals have no plan for Canada's economic recovery, they had no plan to get Bill C-18, the Canada-U.K. trade continuity agreement, ratified within deadlines, and they also seem to have no plan for Canada's finances.
After years of pre-pandemic deficits since forming government in 2015, with little to show for it, now the federal debt will be well over $1 trillion, and the Liberals are asking for substantive additional borrowing capacity in this bill, Bill C-14. The staggering asked increase of an additional $700 billion would put our federal debt just a stone's throw away from the $2-trillion mark. It took our country over 150 years to reach a trillion-dollar debt, yet the Liberals seemingly want to take us to nearly $2 trillion in the blink of an eye.
Conservatives have supported programs to help Canadian businesses and not-for-profits that have been struggling under the current government's failure to procure PPE early in the pandemic, sustain jobs, procure vaccines, ramp up domestic vaccine production and put data-driven plans together for rapid testing and at-home testing, all activities many other developed countries did.
Why is the government tabling a bill that has some good measures in it to help many people, and then tagging on raising Canada's maximum borrowing limit by $700 billion, a 56.8% increase? There is no reason, other than to play politics rather than getting real help to real people in a timely manner. The Liberals have not explained why they need to increase the total federal debt to $1.83 trillion. Companies do not operate this way; not-for-profits do not operate this way; households do not operate this way. Why does the federal government feel it can operate this way?
Pre-pandemic, the government had years of needless borrowing and debt the Conservatives had warned against, debt that led to a credit rating cut. Constituents I am hearing from in Kelowna—Lake Country are rightly worried about the challenges we are facing today under the COVID-19 pandemic. They are also terrified about the future we are leaving our children and grandchildren.
At every step of the way, the government has burdened our economy with taxes, investment-stifling regulations and red tape. It has refused to halt tax increases during the pandemic, including from escalator or automatic tax increases. To truly prosper, we must unlock the power of Canadian industry; remove barriers to innovation; remove interprovincial trade barriers; do everything we can to expand exports of agriculture, innovative technologies and manufacturing; and bring our resources to market around the world. This legislation would do none of that.
In November 2020, we learned that the federal deficit for that year alone was going to exceed $380 billion. We already have over $1 trillion in federal debt, and this legislation would allow the government to borrow up to $1.78 trillion. The reality is that under the Liberal government our country has been on the decline. We have had the highest unemployment in the G7. We have had indicators pointing to a debt crisis, dismal vaccine per capita numbers and investment leaving the country. Women have been especially impacted, with over 100,000 women leaving the workforce since the onset of the pandemic.
It is one thing to fund pandemic response programs, and we are willing to do what it takes to support Canadians during this time of crisis. It is another thing entirely for us to be willing to support unchecked borrowing for unspecified initiatives.
The past two weeks have been constituency weeks, and I spent time focused on connecting with residents and local organizations in Kelowna—Lake Country. I hosted three community outreach virtual round table meetings with a focus on three areas: small business, tourism and housing.
My official opposition colleagues who are the shadow ministers for those files joined me to hear from locals on each of those very important topics. I would like to thank the member for Calgary Rocky Ridge, the member for Niagara Falls and the member for Mission—Matsqui—Fraser Canyon.
Groups in attendance included Tourism Kelowna, Kelowna Hotel Motel Association, Association of Canadian Independent Travel Advisors, BC Restaurant and Food Services Association, Thompson Okanagan Tourism Association, Festivals Kelowna, Big White Ski Resort, BC Hotel Association, Downtown Kelowna Association, Community Futures Central Okanagan, Lake Country Chamber of Commerce, Central Okanagan Economic Development Commission, Uptown Rutland Business Association, Kelowna Chamber of Commerce, Association of Interior Realtors, UDI Okanagan, Western Canadian Shippers' Coalition, Canadian Home Builders' Association Central Okanagan, and Journey Home Society.
We received a substantive amount of insights, information and suggestions from what collectively represents well over 5,000 businesses of all sizes and from almost all sectors in Kelowna—Lake Country. There was a lot of consensus on the most important pressing issues that need to be addressed, and many solid recommendations.
Another issue I am hearing about from businesses is that they are advertising for jobs and no one is answering their ads. I was speaking to a construction company owner in Kelowna—Lake Country last week, who is advertising to pay considerably higher than what is the usual wage for the job. People are calling him and saying they will only come to work if they are paid under the table so that they can continue to collect the CRB. If not, they will just relax for a little while yet. He said these people know they will make more working, but they are prepared to stay on the programs as long as possible. How does that help the economy? How does that help that business owner, and how does it help those individuals, ultimately?
I spoke with another business owner, who laid off 30 employees last year, and as the economy reopens he does not feel these employees will be coming back. This is not just about creating jobs. At great effort and expense, he will likely now have to recruit, hire and train all new people. This is their reality.
In my riding of Kelowna—Lake Country, our airport, YLW, is municipally owned, so not only does it feel the effects of the travel reductions, but it was also unable to obtain some of the government support provided to non-municipally owned airports.
Entertainment venues are also under threat. In my community, beloved institutions like the Kelowna Actors Studio and all those who work in the performing arts are in serious jeopardy. The many local arts and cultural organizations have been shuttered for a year. Doing virtual fundraising and a few virtual performances is not sustainable. Musicians have been hit particularly hard. I was speaking to a resident this weekend who told me that two professional musicians he knows in Kelowna—Lake Country are losing their homes right now. Businesses and not-for-profits are looking for a plan for recovery, not a plan to remain shut indefinitely.
The Conservatives put forth a motion asking the government to put forth a plan to safely and gradually reopen our economy when the time to safely do so is right, and the Liberals voted it down. The bill we are debating today, Bill C-14, fails to do so as well. It is only through ensuring that we are fully utilizing all the tools available widely to test and vaccinate those who wish it, as well as putting forth a solid recovery plan where people in all sectors and in all parts of the economy and the country are ready to go back to work, that we will have a meaningful recovery plan.
If there is one thing that we have learned so far from the Liberals, it is that it is entirely possible to spend billions of dollars and still leave millions of Canadians behind. Conservatives are working tirelessly to promote a recovery that benefits all Canadians, a recovery that provides jobs and growth in every sector of our economy, in every part of the country, to secure jobs, secure vaccines and PPE, secure our economy, secure mental health and get us back to a road to recovery.