Mr. Speaker, I want to start today by offering a hearty congratulations to the government. The privilege debate in the House is now the longest in recorded Canadian history. I am sure that there is birthday cake, balloons and streamers in the back.
Even though this might be a gift for the government, Canadians really want a gift in return. What they want in return is the production of the unredacted documents that the House has asked for and that the government fails to give. It is the power of the House of Commons, the power of the people. We are all elected by the people to ask the government and the government, under the power of Parliament, because of the Speaker's order, needs to give.
We are now six weeks into the House costing taxpayers a million dollars a day and still we have no production of documents. It is really a travesty in the House. We obviously have bigger fish to fry. We have bigger problems. As we stand here, we have a multitude of problems in the country. People are paying 37% more for groceries in Canada than they are in the U.S. We have a housing crisis, the biggest in a generation, where Canadians are paying double for mortgages, rents and down payments. There are 1,400 tent encampments across the country and two million Canadians are lining up at food banks, in Canada, a G7 nation.
We have the highest household debt in a generation. We are headed into more disaster. In the headlines this week, President-elect Donald Trump has announced a 25% tariff that he is going to levy on all goods and services to Canada if Canada does not fix its border.
We look at what that means for Canada. It is going to be devastating to all of our sectors. We put much importance on U.S.-Canada trade. We have had an incredible relationship for so long, so much so that we depend on trade for 40% of our economy. Our trade with the U.S. is almost double that of all other countries combined. We have a $1.2-trillion responsibility.
We look at what has happened with trade. We have a weak leader, a weak Prime Minister who is not able to stand up for Canadians, who does not have a backbone. We are entering a really dangerous period of Canadian economics and Canadian sovereignty, where we are trying to hold on to what we have from CUSMA.
The U.S. is not just a partner; it is a lifeline to global trade. The consequences are dismal. If we do not get a trade deal together, if we are not able to stand up to President-elect Trump, then the consequences will be jobs and paycheques. There is going to be a depression for the Canadian economy.
It happened nine years ago when the Prime Minister was elected. When the government tried to negotiate with Trump last time, it failed. The government likes to say that it stood up to Trump and won.
I would recommend to anyone Robert Lighthizer's book called No Trade is Free. He was the U.S. trade representative the last time around. In his book, he goes into the details of what happened during the trade negotiations. They were dismal. On June 8, when we hosted the G7 summit and we were supposed to sign CUSMA, supposed to have the trade deal done, the finance minister and the Prime Minister went behind the U.S.'s back. They tried to have a team Canada approach and it failed miserably. They went to the press and said that they had an agreement signed. They rolled over the U.S. government and those representatives and they maddened those representatives. After that June 8 summit, when President-elect Trump left Canada, Canada was sidelined. It was put to the side of CUSMA and, for three months, Mexico got to go into those trade negotiations. Mexico benefited from that.
Because of that failure in those trade negotiations, Mexico is now the U.S.A.'s number one trading partner and Canada is number three. When Conservatives were in power, we were the U.S.A.'s number one trading partner.
It says it right here in the book. The former chief of staff, Peter Navarro, had a really good quote. When he left those meetings on June 8, he said that the Prime Minister has a “special place in hell”. Trade relationships were sour. We did not have a Prime Minister who stood up for Canadians and their values and, of course, we saw the end result of that.
The end result is worse than we could think. Half a trillion dollars of investment has gone south. The average American worker now makes $32,000 more than the average Canadian worker. We have had entrepreneurs, investment and venture capital all escape south. It is not just a bad trade deal; it is increased taxes; it is the fact that we have a planned increase to the carbon tax of 61¢ per litre; we have increased capital gains taxes and we have decreased incentives for entrepreneurs, for investors and for capital as a whole to be placed into Canada.
Because of the lack of trade negotiations, the fact that the President-elect is tweeting, or truthing, that he is going to put these tariffs into place means that we are going to see decreased investment into Canada.