Madam Speaker, it is always an honour to rise in this House to speak. Today I am speaking to Bill C-32, an act to implement certain provisions of the fall economic statement tabled in Parliament on November 3, 2022 and certain provisions of the budget tabled in Parliament on April 7, 2022, and the fiscal update.
When I spoke on the government's last fall economic statement and fiscal update in February, I shared how frustrated the people of Flamborough—Glanbrook were feeling about the cost-of-living crisis and the housing crisis. I am sad to report that over the course of the past year, and certainly after hearing the fall economic statement that was delivered earlier, their frustration has only become worse.
Canadians wanted hope, and instead they got increased heating and grocery bills. They wanted a plan for the economy and for the recovery, and instead the PBO and other organizations predicted private sector growth will be sluggish or even worse. Canadians wanted to hear an update that would give them confidence in these uncertain economic times, and instead what the government delivered was an update that failed to address the out-of-control cost-of-living crisis. It actually adds fuel to the inflationary fire. With more government spending and more taxes, Canadians have never felt more pessimistic about their financial future.
When I spoke last winter, the inflation rate was only the worst it had been in 20 years. By the spring it was only the worst it had been in 30 years. Now it is the worst it has been in 40 years. How much more can the government expect Canadians to suffer?
I spoke recently to Mary, a senior in Waterdown, a community in my constituency. She expressed how gravely concerned she was with the rising cost of rent, utilities and groceries, and how they had risen so quickly that she is barely able to manage the basics anymore. Her exact words were, “I just manage to survive, never thought my retirement years would be so sad.”
Those words “my retirement years would be so sad” break my heart, and they should break the heart of all members of this place. Seniors like Mary have worked hard their entire lives, and they deserve to enjoy their retirement years. The reckless policies of the government are robbing them of that.
It is not just seniors that are feeling the pinch; it is also young families. A couple of months ago, at one of the fall fairs in my riding, I spoke to Will, who is a father of a young family in my constituency. His mortgage renewal is coming up in a few months, and he is very concerned. Not only is he seeing his grocery bill double, but he is also seeing the cost of fuel to get to work increase dramatically. He is now seeing his heating bills increase as winter and the cold weather start to set in. In the back of his mind, he has the fact that his mortgage is coming up for renewal. We know there are higher interest rates happening because of the inflationary spending of the government.
Out-of-control government spending has created more dollars chasing fewer goods, causing higher inflation, leading to higher interest rates. We know that tomorrow the Bank of Canada is going to announce the latest in a series of rate increases, the seventh, I believe. This is going to further increase the cost on families like Will's. It is really the cruellest tax of all.
In growing suburban Ontario communities like mine, people like Will are putting on a brave face and are trying to plow through, but they are dealing with these inflationary pressures on food, home heating and they are looking down the road at their mortgage rates as well.
We ran a survey of the people in Flamborough—Glanbrook this past fall. We asked them how the cost of living was impacting them. We already knew the answer from all of these anecdotes. Over 900 people responded and the results really told the story. Ninety-four per cent surveyed said they were feeling the financial pinch, and more than half of those were going to change their habits or hold off spending plans as a result. The pinch, of course, is not limited to people in my riding. Six in 10 Canadians across the country have said that they are feeling the impact of inflation in their daily lives.
A study out of Dalhousie University reports that a quarter of Canadians are cutting back on essentials like food, housing and utilities. We know that when people go to the grocery stores these days, they are cringing at the price of some basic items. Meat is up 7.6%. Dairy is up 10%. Bakery products are up 15%. Vegetables are up 12%. Those are the figures from a couple of months ago. We know they are probably higher today.
Food banks, as has been noted, are seeing a record number of visits, with 1.5 million Canadians visiting food banks. That is a dramatic increase. It is an all-time high. It is a shame. How much more does the Prime Minister expect Canadians to take?
People like Mary and Will cannot afford to pay their mortgage and rent, while our Prime Minister is spending $6,000 a night on hotel rooms in London. Is there a more blatant example of how out of touch the Prime Minister is? How much more can the government expect Canadians to take before they break? They are looking for hope. They are looking for strong and competent leadership.
There is a host of problems and inconsistencies throughout this bill. First of all, I do not see actions lining up with words.
The government talked about the fact that Canadian farmers grow the food that feeds the world. We know we have an abundant food supply here, but we have seen the government attack farmers and slap a fertilizer tariff on them and the carbon tax on the heating and cooling of barns and the drying of grain. The growing of those crops that feed Canada and the world are breaking their operations.
Also, in the statement they said that we have the natural resources to support our allies with energy security, which sounds great, but the Liberals have been ensuring we cannot get these resources out of the ground. Just last week we saw Germany finally give up on us and sign an agreement to import LNG from Qatar instead.
Perhaps the biggest inconsistency of all is the fact the economic update was purported to help make life more affordable for Canadians. How can we make life more affordable for Canadians when we are tripling, tripling, tripling the carbon tax and increasing other taxes as we head into winter? A Conservative motion was put forward to exempt home heating fuel from some of those taxes to bring a bit of relief. That is important to people in my constituency who heat with propane or home heating oil because there is not the natural gas infrastructure in certain parts of the riding and they do not have that option. However, the Liberal and the NDP coalition voted to defeat that motion.
If I can conclude anything from Bill C-32, it might be that the Liberals are true to their form. They will tax and spend believing that will get us out of a cost-of-living crisis. We saw $30 billion more in spending. There is perhaps a grab bag of credits to give the appearance of supporting Canadians. While we certainly support relief through the GST credit, we saw a whole bunch of other money spent. What is happening is the Liberals are taking more money out of one pocket and giving a bit back and pretending it is actually going to help people.
What is happening is Liberals are profiting from inflation. They are increasing taxes on things like home heating and food, and there is the resulting interest rate increases. One of their solutions was for people to cut their Disney+ subscription. Canadians want a better answer than that.
We know the interest on the national debt that has been racked up by the government is going to exceed in the coming years the amount of money that is spent on the Canada health transfer. We have $27 billion in interest payments this year. That is money that should be and could be spent helping farmers, families and seniors rather than gobbling up their bank accounts to pay for more government spending through taxes.
That is why a Conservative government would commit to any new spending being matched by a dollar-for-dollar equivalent in savings, just as households manage their own budgets, rather than just racking up the credit card endlessly. At the end of the day, they are paying for that plus the interest rate increases they are going to see as a result of the inflationary spending.
Instead of creating more cash, Conservatives would create more of what cash buys, more homes, more gas and more food. We certainly have all the resources in Canada to do that. We will make energy more affordable by repealing some of the anti-energy laws and getting Canadian energy out to markets so we can generate jobs and economic activity here. A tax plan is not an environment plan. It is actually a tax plan. We have an opportunity to change that.
We will also make Canada one of the better places—