Mr. Speaker, during the great global recession, the Harper government refused to fund spending through money printing at the Bank of Canada. The result was that we ended up with growth that was better than the U.S., better than the G7 and better than the average of the advanced economies. Fast forward to the present and the government is funding its spending through money printing at the Bank of Canada, leading to the worst economic growth of any government since the Great Depression and now, predictably, inflation.
As Canadians struggle to find work, they are seeing food, fuel and housing prices skyrocket. Why is the government imposing an inflation tax right in the middle of a pandemic crisis?