Mr. Speaker, before I begin my speech, I would just like to thank everybody who lives in the riding of Huron—Bruce for their tremendous work over the last year and a half in combatting COVID. The rates in Huron County and Bruce County are some of the lowest in Ontario, and may be some of the lowest in Canada.
This is because of everybody, not just one person. Everybody's efforts have made the difference. I thank them. We are all proud of everyone's efforts. That is likely the best news of this speech.
When I look at this budget, I think maybe we could call it the “lack of vaccine” budget. Here we are. Just a few days ago, we had our May long weekend. We are near the end of May. We are in Ottawa today. Sparks Street should be full. The markets should be full. The patios should be out. The restaurants should be busy. There should be kids here on class trips, coming on tours. The hotels should be full.
Why are they not? By and large, the reason, and this is just the microcosm of the entire Canadian economy in the service industry, is that we did not have vaccines quickly enough and we did not have enough of them. That is the reality of why we have spent so much more than we ever would have thought we would have needed to spend.
In the process, the Liberal government, in its lack of action, has decimated tens of thousands of people's equity in their business, their savings and equity in their home. That is the truth. There is no bank manager in the country who would argue that fact.
Maybe someone who sells four-wheelers as a business has had the best year of all time. However, certainly for those in the service sector, this has been a humbling experience, to say the least.
The Bank of Canada, and this is unprecedented, has purchased over 250 billion dollars' worth of bonds. Who would have ever thought that we would be doing this? Who would have ever thought? A high of $6 billion a week, currently around $3 billion or $4 billion a week. Clearly, we cannot sustain this at all.
We all know there is inflation. We could go up and down the streets in our communities and see the homes for sale, going for $100,000, $200,000 or $300,000 over the list price. I talked to a builder the other day. A two by four that is 16 feet long, I think he told me it was $28. It was $7.50 last May. To the member for Timmins—James Bay, $5,000 to spruce up a home is not going far.
The printing of money, the Bank of Canada buying, is creating inflation. The other day I saw some commentary about how, compared to the U.S. dollar, ours is looking pretty good. The U.S. is probably printing more than we are right now. I think last week I saw the fed bought $92 billion in the United States. The Canadian dollar is doing well against the American dollar, but if we look at it as a Canadian dollar and what could be bought, we can buy less.
What the government has tried to do is it has tried to help. I believe the government has tried to help people, but maybe in the wrong ways. This inflation has cost the very people it was trying to help the most, the ones in the service industry, the ones earning an hourly wage who maybe do not have benefits. In Ontario, the province I am from, that wage is $14 to $15 an hour. The last year and a half has made that $15 an hour more like under $10 an hour. Certainly, if anybody had any hopes of buying a home or a condo, almost 40% to 50% has been added to what people thought would reasonably have to be paid.
For a country that had 75% ownership, when Europe has about 25%, in short order we have almost taken away the opportunity for the middle class to ever own a home. That is a shame.
For the ultra-wealthy, the people who have multiple homes, investments and all sorts of apparatus to accumulate wealth, this has been the absolute best time of all time. If we think about it, the last two or three years should have been the opportunity to raise up everybody. The Prime Minister, his finance minister and the party have diminished the middle class and the poor working class. That is an absolute fact. People are now in bidding wars for rental properties, not to buy a home, but to rent. It is not sustainable and will probably go down as one of the darkest moments of the government.
I live in a rural community, a hard-working, resilient rural community, and I have been mystified for the last five or six years as to how the government continually gets it wrong in rural Canada. Money for rural infrastructure is a pittance compared to what urban centres receive. Rural areas do not carry the burden of so many people, but they also have the biggest burden of protecting the most precious resources. In my area, Lake Huron has fresh water. For rural infrastructure, water, sewage, culverts, bridges, just name it, there is not enough money.
Members do not have to think I am biased. They can talk to the mayors or CAOs of Huron County or Bruce County and they will say it is not enough. It is a bidding war to even get it. By the way, the way it works is backward. One has to pitch it to the federal government, it picks over the bones, then says it is approved, but does not even tell the MPP or MP for the area. It should be the other way around. It should be that the federal government allocates money to the provinces, the provinces pick their priorities based on what the mayors and wardens tells them and then they approve the projects. This is just common sense. We have been doing this now for six years and it does not work.
As for low-income and social housing, forget it. Members can talk to any community in my riding, Saugeen Shores, South Huron or Goderich. They apply, apply and apply and it is never approved. No one has to take my word for it because the mayors call me to complain.
Then there is strategic infrastructure. We are going beyond my riding, looking at other areas and what rural areas produce. In my area there are soybeans, corn, red meat, all those different things, and we are constantly under the pressure of not having enough capacity at the ports and other areas.
As for broadband, the SWIFT project was working. The minister changed it and what a mess. We had consistent funding for rural projects and they were starting to work. Now it has changed and what a mess.
There is a chronic labour shortage throughout Ontario, which is certainly exacerbated in my riding. We need workers. We need to motivate people to get to work. We need to speed up the process of bringing in new Canadians to work in our sectors, such as, for example, meat processing. Just name it and we need it.
God bless the trade minister, but she has made a mess of trade, in my opinion. The U.S. is running roughshod over us. Everybody thought that when Trump was gone, Biden would be Canada's best friend. We do not need friends like Joe Biden, the way he has treated us with buy America and softwood lumber tariffs.
How is it that Canada has a beef trade deficit with the United Kingdom? There are those who do not think we are getting treated poorly. We are getting treated poorly. We have a pork and beef deficit with the European Union. That is not fair trade. That is not a fair partner.
I would love to talk about our borders. What a mess the government has created at our borders. Port Huron is about an hour and a half from my hometown and I know there are a lot of business people awfully disappointed with how they have been treated at the border in an arbitrary way. It is not the officials. It is not the hard-working men and women who work there. It is the mixed messages they receive from the health minister and the public safety minister.
It is not a good situation. If they cannot fix it, we will do the heavy lifting. I am saying we are prepared to do it. They let Line 5 go to this state when in Huron—Bruce and many other ridings we need it. We need it to dry our crops and heat our homes and it is willy-nilly with the current government. I know the Liberals send out the resource minister and he has some things to say, but behind the scenes there is no way the message is getting drilled home to the United States. If they want to shut us down, they are going to shut us down.