House of Commons Hansard #21 of the 44th Parliament, 1st Session. (The original version is on Parliament's site.) The word of the day was economy.

Topics

HousingStatements By Members

2:15 p.m.

Conservative

Michelle Ferreri Conservative Peterborough—Kawartha, ON

Mr. Speaker, Bloomberg reports Canada has the second most inflated housing bubble in the world. Listen to this letter from a Peterborough—Kawartha constituent:

Dear MP Ferreri, my 26-year-old son and his partner put in an offer on a house today; a 40-year-old, 1,200-square-foot bungalow, no appliances, on a tiny lot and no air conditioning. It was listed for $599,000. My son offered $702,000 with no conditions. There were 18 offers and it sold for $830,000. My son has been pre-approved for $700,000 and it is not enough. He and his partner have great jobs and I have even cosigned. What is the incentive for our children to get educated and get a job, when their wages cannot meet the demand of society?

People are losing hope of ever having a home. This economic crisis is a mental health crisis. We need federal leadership, not “just inflation”.

Black History MonthStatements By Members

2:20 p.m.

Liberal

Arielle Kayabaga Liberal London West, ON

Mr. Speaker, February 1 marks the beginning of Black History Month in Canada, and as the first Black woman elected as the member of Parliament for the riding of London West, I rise today to encourage everyone to learn about, celebrate and acknowledge the contributions that Black communities in Canada have made and continue to make. I also want to highlight the London Black History Coordinating Committee, which works tirelessly every year to increase awareness of Black History Month in London. This year, as it marks its 20th anniversary, the theme of “respecting the past, embracing the present, impacting the future” speaks to so much progress made and all the work that remains.

As I rise in the House, I am always reminded that I stand on the shoulders of many giants, like the honourable Jean Augustine, who broke the glass ceiling so that many women who look like me can take a seat in the House and fight for racial equity and a better, fairer and more inclusive country.

This month, and every day, I urge the House to fight the racism and discrimination that Black Canadians continue to face and work to create a Canada where no one is left behind.

The EconomyOral Questions

2:20 p.m.

Conservative

Gérard Deltell Conservative Louis-Saint-Laurent, QC

Mr. Speaker, all Canadian families are struggling to keep up with the ever-increasing cost of living. Canadians have not seen 4.8% inflation in 30 years.

The Parliamentary Budget Officer does not hold back in his most recent report. He says that the government's plan to spend $100 billion on economic stimulus is having the exact opposite effect. Not only will this spending not help the economy, but it will actually make inflation worse. Why is the government not listening to the Parliamentary Budget Officer?

The EconomyOral Questions

2:20 p.m.

University—Rosedale Ontario

Liberal

Chrystia Freeland LiberalDeputy Prime Minister and Minister of Finance

Mr. Speaker, the Conservatives continue to push a false narrative to talk down the Canadian economy. I want to use this opportunity to share good news.

Yesterday, Statistics Canada published new data showing that our GDP increased by 0.6% in November. That means that by the time omicron emerged, our economy had completely recovered from the COVID-19 recession.

I congratulate Canadians and thank them for their—

The EconomyOral Questions

2:20 p.m.

Liberal

The Speaker Liberal Anthony Rota

The hon. member for Louis-Saint-Laurent.

The EconomyOral Questions

2:20 p.m.

Conservative

Gérard Deltell Conservative Louis-Saint-Laurent, QC

Mr. Speaker, after question period, I wonder if the Deputy Prime Minister would come with me to a mall or grocery store here in Gatineau and tell people who are paying 8% more for their groceries that the GDP has just gone up by 0.8% and everything is fine. Or will the Deputy Prime Minister speak directly to Canadians and tell them we are going to tackle inflation?

The EconomyOral Questions

2:20 p.m.

University—Rosedale Ontario

Liberal

Chrystia Freeland LiberalDeputy Prime Minister and Minister of Finance

Mr. Speaker, once again, the Conservatives continue to focus on their own partisan interests—it is easy to see why—and talk down the Canadian economy. The truth is, Canada's economic potential just keeps growing. In fact, the IMF recently projected that Canada would have the second highest growth rate in the G7.

The EconomyOral Questions

2:20 p.m.

Conservative

Gérard Deltell Conservative Louis-Saint-Laurent, QC

Mr. Speaker, again, I would urge the Deputy Prime Minister to go to the IGA in Gatineau and tell Madame Tremblay not to worry because the IMF says all is well in Canada.

Like all other Canadians across the country, Madame Tremblay is paying more for her groceries. That is what is having a direct impact on Canadians. Why is the Deputy Prime Minister looking down on Canadian families who are actually paying for Liberal inflation?

The EconomyOral Questions

2:20 p.m.

University—Rosedale Ontario

Liberal

Chrystia Freeland LiberalDeputy Prime Minister and Minister of Finance

Mr. Speaker, I want to point out to my esteemed hon. colleague that Madame Tremblay is not the only one grocery shopping. Ms. Freeland does it every week for her family too.

For us, for our government, facts and data are important. It is important to note that inflation in Canada is below the G7 average, the G20 average and the OECD average.

The EconomyOral Questions

February 1st, 2022 / 2:25 p.m.

Conservative

Michelle Rempel Conservative Calgary Nose Hill, AB

Mr. Speaker, the minister should know that gross domestic product is calculated including government expenditures.

The government has put so much debt onto Canadians, and what have we seen happen? The cost of living has increased. This cost-of-living increase is affecting regular Canadians. Certainly somebody with a $270,000-a-year salary should not be trying to equivocate with somebody who cannot buy a $60 bag of groceries.

Will the minister apologize for trying to make that comparison?

The EconomyOral Questions

2:25 p.m.

University—Rosedale Ontario

Liberal

Chrystia Freeland LiberalDeputy Prime Minister and Minister of Finance

Mr. Speaker, the people who should be apologizing to Canadians are the Conservatives, because before Christmas, just as the omicron wave was rising, it was the Conservatives who voted against Bill C-2.

It is thanks to Bill C-2 and the lockdown provisions in Bill C-2 that we are, today, able to pay small businesses, grocery stores and restaurants that are suffering under lockdown restrictions and are able to support them. Thank goodness the Conservatives failed before Christmas.

The EconomyOral Questions

2:25 p.m.

Conservative

Michelle Rempel Conservative Calgary Nose Hill, AB

Mr. Speaker, two years into the pandemic, Canadians do not want to be hearing about lockdown provisions. They want a federal government that is taking a leadership role, fixing Canada's broken health care system, getting people back to work and getting their freedom back.

The Liberals are so out of touch with the average Canadian. People just want to work. They want to keep people safe. They want to keep people healthy, and dismissing their concerns with laughter across the way is not going to heal the divisions in this country. It is not going to make us stronger.

Will the minister apologize for her statements, take the temperature down and tell us how she is going to fix the rising cost of living Canada?

The EconomyOral Questions

2:25 p.m.

University—Rosedale Ontario

Liberal

Chrystia Freeland LiberalDeputy Prime Minister and Minister of Finance

Mr. Speaker, if there is anyone in the House who needs to apologize to Canadians, it is the Conservatives who voted against Bill C-2 and those provisions that are supporting so many businesses and people.

When it comes to jobs, our government has understood from the very beginning that having a job is the foundation of the economic well-being of the vast majority of Canadians. That is why we focused on getting the jobs back, and that is why I am so pleased we have recovered 108% of the jobs lost to the COVID recession.

COVID‑19 ProtestsOral Questions

2:25 p.m.

Bloc

Yves-François Blanchet Bloc Beloeil—Chambly, QC

Mr. Speaker, allow me to belatedly wish you and all our colleagues a happy new year.

In the meantime, parts of Ottawa and Gatineau are paralyzed. It is okay to protest, but it is not okay to occupy the city.

It is important for people to know that the real trucking associations are in favour of vaccination. Can the Deputy Prime Minister tell us whether the Prime Minister has considered making an appearance or at least meeting with the real industry spokespeople, those who are in favour of vaccination?

COVID‑19 ProtestsOral Questions

2:25 p.m.

Mississauga Centre Ontario

Liberal

Omar Alghabra LiberalMinister of Transport

Mr. Speaker, I am glad my hon. colleague agrees that vaccination is our best tool out of this pandemic. Our government has consistently been meeting with stakeholders, including representatives of the trucking industry. Yesterday, my colleagues and I held a national summit on the supply chain that included voices from the trucking industry.

We will continue to engage with our stakeholders. We will hear all points of view, including from those who disagree with us, because we want to do what is best for Canada and Canadians.

COVID‑19 ProtestsOral Questions

2:25 p.m.

Bloc

Yves-François Blanchet Bloc Beloeil—Chambly, QC

Mr. Speaker, that is quite interesting. It just has absolutely nothing to do with my question.

The leader of a country has a role to play. It is okay to condemn, but he has a responsibility to find solutions. We cannot allow a protest to become an occupation.

Can the Prime Minister or the Deputy Prime Minister assure the House that the authorities will make it possible for Parliament Hill to open to traffic or are they all bark and no bite?

COVID‑19 ProtestsOral Questions

2:25 p.m.

University—Rosedale Ontario

Liberal

Chrystia Freeland LiberalDeputy Prime Minister and Minister of Finance

Mr. Speaker, I thank the leader of the Bloc Québécois for his question and I also want to wish him a happy new year.

I was initially talking about Bill C‑2. I also want to thank the Bloc MPs for supporting this bill, which has become so important for small and medium-sized businesses and individuals.

I totally agree with the leader of the Bloc that it is important for all of us to be able to do our work as members of the House. We must and will support the authorities—

COVID‑19 ProtestsOral Questions

2:30 p.m.

Liberal

The Speaker Liberal Anthony Rota

The hon. member for Burnaby South.

TransportOral Questions

2:30 p.m.

NDP

Jagmeet Singh NDP Burnaby South, BC

Mr. Speaker, there are hundreds of truckers who are stuck at the border between Montana and Alberta because of a convoy of anti-vaccine mandate protesters. I spoke with one of the truckers, Kuldeep Singh, who described the situation. There is no food, no water and no provision for washrooms. They are stuck and they want to get home.

What is the Prime Minister going to do to help these truckers get back home?

TransportOral Questions

2:30 p.m.

Mississauga Centre Ontario

Liberal

Omar Alghabra LiberalMinister of Transport

Mr. Speaker, I have been following the situation at the Coutts border crossing. We agree with my honourable colleague. There are truckers who are being prevented from doing their jobs, and from delivering goods for Canadians. We ask that this blockade end so those individuals, those truck drivers who are doing their jobs, are able to get home, deliver the goods for Canadians and continue their jobs.

HousingOral Questions

2:30 p.m.

NDP

Jagmeet Singh NDP Burnaby South, BC

Mr. Speaker, a recent report highlighted something we already know: Things are getting harder and harder for young families. Things are so bad, there is no way they can buy a house.

What is the Prime Minister going to do to fix this situation so young families can buy a house in the community where they want their kids to grow up?

HousingOral Questions

2:30 p.m.

York South—Weston Ontario

Liberal

Ahmed Hussen LiberalMinister of Housing and Diversity and Inclusion

Mr. Speaker, every Canadian deserves a safe, affordable place to call home.

We are investing more than ever in affordable housing, we are investing more than ever to eliminate chronic homelessness in Canada, and we are also enabling more Canadians than ever before to access their dream of home ownership through the first-time homebuyer incentive. We also seek to bring in enhancements to the first-time homebuyer incentive, and our new rent-to-own program will allow more Canadians who are renting homes to become homeowners.

The EconomyOral Questions

2:30 p.m.

Conservative

Luc Berthold Conservative Mégantic—L'Érable, QC

Mr. Speaker, we have been battling a global pandemic for almost two years now.

It has taken a toll on our health, our day-to-day lives and our wallets. The cost of living is skyrocketing. Everything has been costing more for the past year, and prices continue to climb, especially the price of food. Mothers and fathers are thinking hard about what they put in their carts so their credit cards do not get declined at the register. This is unacceptable.

Exactly how impoverished do Canadians need to become before the Liberals will finally do something?

The EconomyOral Questions

2:30 p.m.

University—Rosedale Ontario

Liberal

Chrystia Freeland LiberalDeputy Prime Minister and Minister of Finance

Mr. Speaker, I know that Canadians, unlike the Conservatives, understand that inflation is a global phenomenon.

Here are some numbers to back that up. The latest inflation rate in Canada was 4.8%; in the U.S., 7%; in Germany, 5.3%; in the U.K., 5.4%. The OECD average is 5.8%; the G7 average is 5.3%; the G20 average is 5.8%

The EconomyOral Questions

2:30 p.m.

Conservative

Luc Berthold Conservative Mégantic—L'Érable, QC

Mr. Speaker, a single mother with two children who earns $40,000 a year at a time when the annual inflation rate is 4.8% will pay about $200 a week for groceries. That is $10 more every week, which totals $520 at the end of the year.

If we look at what she earns in a year, we see that she loses an entire paycheque to cover this additional cost.

Comparing our situation to that of any other countries does not give a single cent more to this mother, who is struggling to feed her children.

When will they stop making Canadians poorer?