Madam Speaker, it is a pleasure to join in this important discussion about the future of Canada, the finances of this country and the economic update as part of the Liberals' costly coalition with the NDP.
This makes the price of goods that Canadians buy and the interest that Canadians pay unaffordable. The cost of the Liberal government is driving up the cost of living. The more the Prime Minister spends, the more everything costs. There are inflationary deficits that the government continues to pursue unabashedly, and it has driven inflation, particularly food inflation, to 40-year highs.
For two years, in spite of what the Governor of the Bank of Canada said, Conservatives, including the leader of the Conservative Party of Canada, the hon. member for Carleton, said that we would see a period of inflation that many Canadians had not seen in their entire lifetimes. At the same time, the finance minister and the Governor of the Bank of Canada said the real risk was deflation.
The votes are in, and it looks like the member for Carleton was right. We are in a period of inflation that is going to make it a really tough winter for a lot of Canadians. We have a few solutions that the Liberals can pursue, which are very straightforward. They are only going to need to use the front side of a piece of paper when they write these down as they diligently take notes. First is to stop the taxes. Second is to stop the spending.
There should be no new taxes when Canadians are having a tough time managing the day-to-day and week-to-week household costs. When Canadians are making choices about heating their homes or feeding their families, the government is planning to raise taxes. What is the government's plan? It is not just to raise them, but to triple them.
Canadians are getting their home heating set up for the winter. They are filling their oil tanks. They are filling their propane tanks. They are getting their first natural gas bills, and it does not look good. They are really worried about what it is going to look like in January, when they need a refill. They are not going to be able to fill the tank all the way back up.
These are scary times, especially when food prices are skyrocketing. I hear the members opposite giggling and laughing. Canadians are having a tough time. They are not able to pay. Grocery prices are going to be $1,000 more for the average Canadian family next year. They are not going to see wage growth to match that on top of all the other rising prices.
We knew before the pandemic that half of Canadians were teetering on the brink of personal bankruptcy and teetering on the brink of insolvency. They are going to have no emergency or rainy-day funds. It is a question of whether or not they can buy a week's worth of groceries. Are they going to put a full tank of gas in their car to get to a job site?
The carbon tax is one that punishes Canadians. The Prime Minister said it was designed to change Canadians' behaviours. They use their cars to drive to work. That is a behaviour we want Canadians to continue; we want people to work. They use their cars to go to medical appointments, to go to school and to take their children to sports, like hockey, dance or basketball.
These are not behaviours to be corrected. It is a way of life. Imagine Canadians driving to the hunt camp as part of their annual tradition, part of our Canadian culture, to go hunting. They are going to drive their cars to get there. The carbon tax is going to hammer Canadians at a time when they can afford it the least.
The Prime Minister has not shown that he is serious in addressing the housing supply crisis, and this is evidenced in the fall economic statement. The price of homes has doubled under the Liberal government. For the price of rent, we are looking at $2,600 per month for a one-bedroom apartment in Vancouver and $2,300 for the same in Toronto. Meanwhile, six out of 10 renters do not qualify for the inflationary cheques that the Liberals are sending out. Those few renters who are eligible will see that $500 vaporized by the effects of Liberal inflation.
Let us think about what the challenges look like on a day-to-day basis for Canadians. Grocery prices are up 10.8%, the highest in 40 years. What does that look like?
Eggs are up 10%. Margarine is up 37.5%. Dry and fresh pasta are up 32%. Fresh fruit is up 13%. Soup is up 19%. These are staples that people depend on. They are not able to stock the cupboards for a rainy day.
The impact the inflationary policies of the government are having on Canadians is affecting businesses as well. We know, from the Canadian Federation of Independent Business, that one in six businesses are considering closing their doors. Sixty-two percent of small businesses still carry debt from the pandemic. They are feeling the effects of inflation as well. All of their operating costs continue to rise.
The carbon tax, again, is one that affects every business. It does not matter what service they are providing. All of their inputs are going up.
These Liberals have put these hard times on Canadians. We look at the legislation they present in this place, and they want to say one thing and implement legislation that does another. They say that they have Canadians' backs, but that is not reflected here.
It is much like when they say they are not going to ban hunting rifles and shotguns used by farmers and hunters, which are not a risk to public safety, as they are in the hands of well-vetted, law-abiding, trusted firearms owners. The government says that it is not going after them but introduces legislation that does just that. It targets them instead of targeting gangs, criminals and weapons smuggling. It is like a bait and switch, which is what we can expect from it nearly every single time.
Instead of creating more cash, which is the plan that the Liberals have, they should focus more on how we can create more of what cash buys. Fuel is a great example. We see that, in western provinces, we have ubiquitous natural resources that are the cleanest, most ethically produced in the world, but instead, these Liberals would prefer to get dirty dictator oil.
To say nothing of the environmental impact of bringing it across the ocean, the actual extraction process does not match the environmental standards that we have here in Canada, the environmental stewardship that is shown by natural resource companies in this country and the Canadians who work in that resource production, the human rights protections and standards that are in place for these companies that are extracting natural resources in Canada.
I appreciate having the opportunity to speak to this very important issue, and I hope there are some good questions.