House of Commons Hansard #115 of the 45th Parliament, 1st session. (The original version is on Parliament's site.) The word of the day was deficit.

Topics

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This summary is computer-generated. Usually it’s accurate, but every now and then it’ll contain inaccuracies or total fabrications.

Spring Economic Update 2026 Implementation Act Second reading of Bill C-30. The bill implements the 2026 spring economic update. Liberal members defend the legislation as a necessary plan to support workers, lower costs, and invest in infrastructure amidst global uncertainty. Conversely, Conservatives label it costly credit card budgeting, critiquing high deficits and the sovereign wealth fund's reliance on borrowed capital. Meanwhile, the Bloc Québécois criticizes the economic update for ignoring critical trade tariff crises facing Quebec's aluminum and forestry industries. 18600 words, 2 hours in 2 segments: 1 2.

Statements by Members

Question Period

The Conservatives condemn the government's costly credit card budget, arguing that reckless spending and a doubled deficit have led to sky-high food prices and record food bank usage. They highlight that debt interest charges now exceed health care transfers and demand transparency regarding a $300-million scandal they claim the Liberals are covering up.
The Liberals defend their fiscal record and lower deficit, highlighting numerous tax cuts and programs like dental care or the national school food program. They emphasize infrastructure investments, defence spending, and international climate finance while supporting workers through employee ownership trusts and agri-food investment.
The Bloc demands a wage subsidy to address recent job losses and the impact of U.S. tariffs. They criticize the government for hiding documents regarding Cúram cost overruns while seniors struggle to access pensions.
The NDP marks International Workers' Day by demanding the repeal of section 107 to protect the right to strike.
The Greens warn of collapsing climate systems and urge action before the world reaches catastrophic tipping points.

Ministerial Compliance with Order in Council Kevin Lamoureux argues that the Speaker lacks the authority to rule on a question of privilege regarding the late tabling of a document, asserting that the matter involves statutory interpretation, not parliamentary procedure. 700 words.

Offender Rehabilitation Act Second reading of Bill C-240. The bill C-240 mandates court-ordered rehabilitation for offenders, which sponsors argue fosters addiction-focused recovery and accountability. While emphasizing the need for adequate resources and careful implementation to ensure program success, Liberals and the Bloc Québécois support the legislation’s principles, agreeing that structured rehabilitation is central to reducing recidivism and improving public safety. 7600 words, 1 hour.

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Bill C-11—Notice of Time Allocation MotionMilitary Justice System Modernization ActOral Questions

12:05 p.m.

Kelowna B.C.

Liberal

Stephen Fuhr LiberalSecretary of State (Defence Procurement)

Mr. Speaker, unfortunately, an agreement could not be reached under the provisions of Standing Order 78(1) or 78(2) with respect to the report stage and third reading stage of Bill C-11, an act to amend the National Defence Act and other acts.

Under the provisions of Standing Order 78(3), I give notice that a minister of the Crown will propose at the next sitting a motion to allot a specific number of days or hours for the consideration and disposal of the proceedings at the respective stages of said bill.

12:10 p.m.

Conservative

Kelly DeRidder Conservative Kitchener Centre, ON

Mr. Speaker, did you call private members' bills?

The Acting Speaker Pat Kelly

Yes, I did. If the member has a private member's bill to present, the Table was not notified.

Official Development AssistancePetitionsRoutine Proceedings

12:10 p.m.

Liberal

Dominique O'Rourke Liberal Guelph, ON

Mr. Speaker, I rise today to present a petition on behalf of citizens and residents of Canada concerning the global debt crisis and its impact on development and climate action. The petitioners note that many lower-income countries are spending more on debt repayments than on a number of other priorities.

Therefore, the petitioners call on the Government of Canada to review and cancel unsustainable bilateral debts, to advocate for global financial reform and a United Nations framework on sovereign debt, and to increase the grants-based portion of Canada's climate finance, particularly for adaptation, loss and damage.

Animal WelfarePetitionsRoutine Proceedings

12:10 p.m.

Green

Elizabeth May Green Saanich—Gulf Islands, BC

It is nice to see you in the chair, Mr. Speaker. I am presenting a petition that I cannot say I am happy to present. I was hoping this issue would have been resolved. I know I am not to speak to my own opinion.

To summarize, Canadians are outraged that live horses continue to be exported for slaughter for sushi in Japan. The slaughter and the movement of wild horses by air are in cruel and inhumane conditions. These petitioners ask the government to please amend the Health of Animals Regulations to ban the export of live horses and to do so as quickly as possible.

I will not quote Jann Arden because it is not parliamentary language.

Questions on the Order PaperRoutine Proceedings

12:10 p.m.

Winnipeg North Manitoba

Liberal

Kevin Lamoureux LiberalParliamentary Secretary to the Leader of the Government in the House of Commons

Mr. Speaker, I would ask that all questions be allowed to stand.

Questions on the Order PaperRoutine Proceedings

12:10 p.m.

The Acting Speaker Pat Kelly

Is it agreed?

Questions on the Order PaperRoutine Proceedings

12:10 p.m.

Some hon. members

Agreed.

Questions on the Order PaperRoutine Proceedings

12:10 p.m.

The Acting Speaker Pat Kelly

[For text of questions and responses, see Written Questions website]

The House resumed consideration of the motion that Bill C-30, An Act to implement certain provisions of the spring economic update tabled in Parliament on April 28, 2026, be read the second time and referred to a committee, and of the amendment.

Bill C-30 Spring Economic Update 2026 Implementation ActGovernment Orders

May 1st, 2026 / 12:10 p.m.

Conservative

Grant Jackson Conservative Brandon—Souris, MB

Mr. Speaker, in addition to his speech, my colleague has moved a great amendment to what is a disastrous fiscal update from the government. It seems to be unable, despite labelling itself as a “new” Liberal government, to break itself of the habit of continuing to rob the piggy bank of young Canadians and future generations to blow the credit card budget on Liberal fat-cat projects.

I wonder if my colleague from Vaughan—Woodbridge has a few more comments to put on the record about what a disaster this fiscal update is for Canadians.

Bill C-30 Spring Economic Update 2026 Implementation ActGovernment Orders

12:10 p.m.

Conservative

Michael Guglielmin Conservative Vaughan—Woodbridge, ON

Mr. Speaker, we would think, given all the turmoil and the disastrous record of the Liberal government over the last 10 years, this “new” government, as Liberals like to label themselves, would have easily been able to divorce itself from the disastrous track record and trajectory of the Liberal government. Instead, as we learned this week, it has decided to double the deficit and increase the interest payment on the debt to $80 billion, money that could be used for health care transfers, to lower taxes or for housing. Instead, it is being used to rob a generation of growth and opportunity.

We thought the current Prime Minister would be different. Instead, we realize he is just another Liberal.

Bill C-30 Spring Economic Update 2026 Implementation ActGovernment Orders

12:10 p.m.

Bloc

Yves Perron Bloc Berthier—Maskinongé, QC

Mr. Speaker, in its economic update, the government announced a half measure for improving EI eligibility. It is extending the existing measure, but only until 2028. In our opinion, the spring gap is a perennial issue that demands a permanent solution. We are advocating for a comprehensive EI reform.

I would like to know my colleague's thoughts.

Bill C-30 Spring Economic Update 2026 Implementation ActGovernment Orders

12:15 p.m.

Conservative

Michael Guglielmin Conservative Vaughan—Woodbridge, ON

Mr. Speaker, like many things in this budget, there are no solutions. This budget is full of empty promises. It is full of nothing more than a bunch of announcements that do nothing for people other than to serve the purpose of adding debt and robbing opportunity from a future generation.

Unfortunately, jobs are fleeing this country. Young people are going to have less and less opportunity. We have seen that over $1 trillion of capital flight has occurred here in Canada, with the difference between foreign direct investment and capital flight accelerating. More and more people are going to require employment insurance if this keeps up because, really, the government is not providing the conditions for any future opportunity in this country.

Bill C-30 Spring Economic Update 2026 Implementation ActGovernment Orders

12:15 p.m.

Bloc

Yves Perron Bloc Berthier—Maskinongé, QC

Mr. Speaker, before I begin my speech, I would like to seek the unanimous consent of the House to split my time with my highly respected colleague from Jonquière.

Bill C-30 Spring Economic Update 2026 Implementation ActGovernment Orders

12:15 p.m.

The Acting Speaker Pat Kelly

Does the member have unanimous consent to split his time?

Bill C-30 Spring Economic Update 2026 Implementation ActGovernment Orders

12:15 p.m.

Some hon. members

Agreed.

Bill C-30 Spring Economic Update 2026 Implementation ActGovernment Orders

12:15 p.m.

Bloc

Yves Perron Bloc Berthier—Maskinongé, QC

Mr. Speaker, in that case, I will be sharing my time with this wonderful colleague, which means I will have to step up my game. After all, there needs to be some balance in these 10-minute speeches.

I would like to begin by acknowledging the exemplary, extraordinary and remarkable work of the interpreters who interpret our questions every day. They are essential to ensuring the right of French speakers to work in their language. I would like to offer them my sincerest apologies and tell them that I am truly sorry about the phone that apparently vibrated a moment ago. It was not in the right place. Let me assure them that the other phone is well out of the way. The one with the timer running is properly positioned on my desk. This proves that even members who try to be careful every day can make mistakes. I would like to remind my colleagues in the House to always be mindful of this. I appreciate the interpreters.

It will come as no surprise when I say that the Bloc Québécois was very disappointed with this economic update. To sum up what I am about to say, this economic update is in serious need of an update itself. The Liberals need to go back to the drawing board.

For one thing, we were very surprised that there is still nothing about the new 25% tariffs imposed on goods from Quebec and elsewhere that use steel or aluminum. It is important to note that the Americans have decided to impose a 25% tariff on the total price of the product even if steel or aluminum makes up only a tiny percentage of the final product. That comes with very serious repercussions.

We asked the government some questions before the economic update was tabled. We were told that the answers would be in the economic update. Now we have it, but there are no answers in there. We are asking questions, and we are being asked what we want to eliminate. We want to eliminate oil and gas subsidies; that is what I answered earlier.

We are not happy, but we are here to work as an intelligent and constructive opposition. I know that the parliamentary secretary is pleased to hear this, since he is listening carefully to my speech. I think he might be willing to accept our olive branch. Still, there is much to do and we have our work cut out for us. This is a serious matter. We are disappointed with the Liberal majority's arrogant new approach of negotiating behind closed doors, which meant that we were not invited for any discussions before the economic update was tabled. It is easy to say that the opposition complains all the time, but if the government would talk to us a little, if it would take our proposals into consideration, perhaps the opposition would complain less.

Speaking of proposals, as we have said many times, the Bloc Québécois did its homework. This reminds me of the last election campaign, when journalists all said that the Bloc Québécois platform was the one that looked most like a government's election platform. That is rather ironic. The 11 proposals we made are serious, reasonable proposals. We are surprised that they were not taken into account. As an opposition, we do not expect our proposals to be accepted in full all the time, but at the very least, we expect them to be considered. In this case, they were not considered at all.

We are concerned about a number of measures in the economic update. First, there is the elimination of the excise tax, which we have talked a lot about. As we have said from the beginning, lowering taxes on gasoline is not a solution. I know that many members here support that approach and want to remove even more taxes, but just look at the price of gas in Quebec and Canada this morning. It is clear that the oil companies have an insatiable appetite. They have no limits. They will take whatever they can get. The government cut the excise tax by 10¢, and the oil companies are already making up the difference. They seize every opportunity to take more. They suck up everything they can get and put it in their pockets. This needs to stop.

That does not mean that the government should not help people. Obviously, it is difficult to be against a proposal like eliminating the excise tax. Members think that they are giving people some breathing room, but look at the result. Gas is up to nearly $2 a litre in Montreal this morning. This is not working.

What we need is direct support. The government could have shown some intelligence and creativity by proposing, for example, a partial reimbursement of fuel costs for business owners and people who use gas and diesel for work.

Targeted measures could have been used to help low-income individuals by compensating them without giving that money to the oil companies. As for the excise tax, we are seeing the results this morning. It is sad to say, but my I see that the money that was supposed to go into people's pockets ended up in the pockets of oil companies. I am not even talking about the scandal of the oil and gas subsidies. These subsidies are a tradition. They are part of Canada's DNA. We can denounce them all we want and ask the government to abolish them, but it will never do that. The lobbies are far too powerful, and there are people making money from this somewhere. We find this deeply deplorable.

We could be saving $26 billion over five years and using that money to invest in social housing and to provide a decent retirement pension for people aged 65 and older, because retirees aged 65 to 74 are currently being discriminated against. That money could be invested in many other areas, including EI reform. The government could do that instead of taking the EI surplus and putting it into its own coffers. It is a bad habit that tends to happen far too often. That money belongs to workers.

The EI system pays out benefits to only 60% of those who contribute. That is both ironic and embarrassing. I do not know anyone in my circle who would agree to pay for home insurance if the insurance company told them they only had a 60% chance of receiving a payout if their house burned down. Anyone would think about it for 30 seconds and then look for another company. Our workers' hands are tied. They are stuck dealing with the federal government, which is administering an EI system that it should not even be administering, since that responsibility should be returned to the provinces and Quebec. I think Quebec would do a much better job running an EI system. We have solutions to help people.

Measures for the workforce were announced. That is all well and good, the intention is noble, and we cannot oppose that. However, what we would say to the Liberals is that there has been an agreement with Quebec since 1997. It seemed like we were telling them something new when they read their economic update. They are supposed to know this better than we do, since they are in government. They should have had prior discussions with the Quebec government. However, judging by the reactions of the new Premier, the finance minister and the people in Quebec City, I think they have not talked much. That is concerning to us. We will be keeping a close eye on this.

Another thing that really concerns us is the increased health and safety risks when it comes to food. The government is changing the mandate of the Canadian Food Inspection Agency and, if I understood correctly, it is going to change the Pest Management Regulatory Agency's regulations to include consideration of economic issues, not just public health and safety issues. We need to be careful about how we do that.

As everyone knows, I am not acting in bad faith. I was very proud to work on the agriculture and agri-food file here for many years, right up until January. We talked a lot about this issue, and it is true that the inefficiency of these agencies was causing problems. Our issue was with the lack of efficiency. We did not see a need to change the mandate. We are concerned about the fact that the government wants to change the mandate because this is a slippery slope. This will have to be studied very seriously in committee. I hope that the government will give us the time we need to do that and that it will not start holding all the meetings in camera to silence the opposition, because we have serious concerns about public health.

The pesticide and herbicide lobbies are extremely powerful. Members will recall what happened with the so-called tiger team. That was really serious, but unfortunately, it did not get much media coverage. That shows just how much power these people have. I am concerned.

That said, I would like the Canadian Food Inspection Agency and the Pest Management Regulatory Agency to be more effective and efficient in responding to on-farm emergencies. When someone requests an emergency approval but receives no authorization, their crops can be ravaged by insects, disease or some other problem. Sometimes the authorization arrives after the damage is done. That does not mean that human safety was compromised; the product was approved. However, the processing is not being done fast enough. Agency staff should do some overtime now and then to keep up with demand. That was the issue. The Standing Committee on Agriculture and Agri-Food's request was about efficiency, not a change in mandate.

My time is running out; sadly, this happens to me a lot here.

Once again, the government is giving the minister the authority to suspend the application of a number of laws. That still worries me. What is this bad habit? It seems that every time I rise in the House, it is to complain about the government trying to suspend the application of laws. Three-year orders are very worrisome. We have serious proposals, such as a wage subsidy to help businesses out and give them some breathing room. We are prepared to work with the government, but it has to be willing.

Bill C-30 Spring Economic Update 2026 Implementation ActGovernment Orders

12:25 p.m.

Winnipeg North Manitoba

Liberal

Kevin Lamoureux LiberalParliamentary Secretary to the Leader of the Government in the House of Commons

Mr. Speaker, I acknowledge the member is extending his hand in collaboration. I think some standing committees can be very effective. I find that a lot depends on the different personalities and subject matters.

The member raised the issue of agri-food. It was not that long ago I was in the Philippines. We were talking about an expansion where an office could be established to look at dozens of countries and how we could expand. How we can enhance our agri-food system is a wonderful topic to talk about.

I look forward to the member's contributions at the standing committee level, and I hope there will be a higher sense of collaboration going forward.

Bill C-30 Spring Economic Update 2026 Implementation ActGovernment Orders

12:25 p.m.

Bloc

Yves Perron Bloc Berthier—Maskinongé, QC

Mr. Speaker, since the parliamentary secretary clearly does not often attend meetings of the Standing Committee on Agriculture and Agri-Food, I would like to inform him that, in my humble opinion, it is the most outstanding House of Commons committee. Unfortunately, I have not served on it since January, but I do want to point out that the member for Abitibi—Témiscamingue, who took over for me, is doing a great job and that he is up to the task. The Bloc Québécois will continue to work co-operatively.

Of course, when it comes to exports to the Asia-Pacific region, there are a lot of people to feed there. The concerns that I raised have to do with the mandate changes at the CFIA and the PMRA. I would ask the government to be vigilant in that regard. We would be pleased to work together to conduct a serious study in committee so as not to compromise public health.

Bill C-30 Spring Economic Update 2026 Implementation ActGovernment Orders

12:25 p.m.

Conservative

Tamara Kronis Conservative Nanaimo—Ladysmith, BC

Mr. Speaker, my colleague mentioned several cases where the government failed to consult properly and where it lacked transparency. He talked about a worrisome trend that we have seen this week now that the Liberals have a majority in committee. They have been holding committee meetings in camera and preventing Canadians and other parliamentarians from having access to important information and participating in debates.

Can my colleague tell us more about his concerns?

Bill C-30 Spring Economic Update 2026 Implementation ActGovernment Orders

12:25 p.m.

Bloc

Yves Perron Bloc Berthier—Maskinongé, QC

Mr. Speaker, I must first commend my colleague on the quality of her French. It is exemplary. She seems very nice.

The government's authoritarian tendencies are worrisome indeed. I hope that the Parliamentary Secretary to the Leader of the Government is paying close attention and will perhaps take the opportunity to reassure us on that score. Now that I am my party's whip, I oversee all the committees. Having read our member's reports, I know that the government is quick to convene in camera and clean house. The government is in the process of taking back control of the order of precedence. I hope that this feverish activity is temporary, the result of having recently secured a majority through backroom deals, and that the Liberals will become reasonable again. Asking that an open hand be extended comes off well in public, but accepting that hand is another matter.

Bill C-30 Spring Economic Update 2026 Implementation ActGovernment Orders

12:30 p.m.

Bloc

Mario Simard Bloc Jonquière, QC

Mr. Speaker, in his excellent speech, my colleague pointed out that no negotiations have taken place between the Bloc Québécois and the government to determine what might make this economic statement acceptable to the Bloc Québécois. Some things are quite obvious, such as the fact that the federal government has never reimbursed Quebec for services provided to asylum seekers or for the carbon tax.

I would like my colleague to talk about these two glaring inequities by the federal government.

Bill C-30 Spring Economic Update 2026 Implementation ActGovernment Orders

12:30 p.m.

Bloc

Yves Perron Bloc Berthier—Maskinongé, QC

Mr. Speaker, “inequities” is putting it mildly. I would say it amounts to outright theft. In the case of the carbon tax refund for money people had not yet paid, we are talking about $14 million owed to Quebec. This is a grave injustice. We even held an opposition day on this issue, yet the government never even considered it. It is the same with asylum seekers. Quebec is owed over $700 million.

The Bloc Québécois does not wish to harm Canada. What we want is to protect our people in Quebec and get what is rightfully ours. We are, of course, working to build the country of Quebec in the meantime, and we are more than eager to do so. When we see such blatant theft, it just makes us even more eager for the next referendum.

Bill C-30 Spring Economic Update 2026 Implementation ActGovernment Orders

12:30 p.m.

Bloc

Mario Simard Bloc Jonquière, QC

Mr. Speaker, that comes as a surprise to no one. My colleague from Berthier—Maskinongé made it very clear that the Bloc Québécois is disappointed in the budget statement, as did my colleague from Mirabel in his response to the Minister of Finance and National Revenue. I think that his answer was very well put and it showed all the shortcomings of the economic update.

This week, in response to oral questions, I heard my Liberal colleagues say many times that they want to build Canada. The update document does talk about building Canada. However, I would like to finish the sentence, because I think that, in reality, they are building Canada while ignoring Quebec. That is what the document should have been called, and I will explain why.

I have a little tip for my colleagues. When we want to understand the intent of a government document or proposal, like a budget or an update, there is usually a fairly simple trick. All anyone has to do is search how many times certain words appear in the document. My colleagues will see where I am going with this.

Just for fun, I checked to see how many times the word “forest” or “forestry” appears in the economic update. Those words appear six times. Then, I checked to see how many times the word “aluminum” appears in the economic update. We see that word 12 times, which is a bit better. I also checked to see how often the term “climate change” was used, and the answer is five times.

When I searched for the word “gas”, I hit the jackpot at 43 times, but the real winner was the word “oil”, which is used 153 times in the economic update.

Why am I talking about this? We immediately see where the government's priorities lie. Given what is happening right now, the economic update should have responded to the tariff crisis to help the industries in Canada that are currently facing the highest tariffs.

Which two industries in Canada are facing the highest tariffs? First, there is the aluminum industry. As we know, primary aluminum producers are managing to get by without too many problems, but this is catastrophic for aluminum processors. The 50% tariffs are catastrophic for them. Many are operating on credit and struggling to stay afloat right now. There will be consolidations unless the government takes action. That is for the aluminum industry, which is mentioned only 12 times in the economic update.

The other sector facing the highest tariffs, and the one most severely impacted by U.S. policies, is the forestry sector. It is subject to 45% tariffs. This figure is the sum of a 10% tariff, countervailing duties, and anti-dumping duties. This means that every time a forestry producer ships $100 worth of products to the United States, $45 is taken from them, stolen. Not many companies can survive with margins cut by 45%.

There is another key factor that has emerged in recent weeks. In fact, we were the ones who sounded the alarm for the government, pointing out that, under a new decree, 25% of the total value of aluminum products will now be subject to tariffs, which is destroying Quebec's industrial base.

Is this addressed in the economic update? No, at no point does it offer a solution to the problems facing the aluminum and forestry sectors. This makes me think that the goal is to build Canada while ignoring Quebec.

I will return to the many repeated proposals we have made. I can talk about that right now. Time and again, we have proposed solutions to the government for addressing the tariff crisis surrounding softwood lumber. The government has always turned a deaf ear to them. What we see in the economic update when the word “forest” appears is a rehashing of what was announced back in August and subsequently expanded. Nothing is new under the sun. We are still in the same position with a liquidity program ill-suited to the needs of people in the industry.

We have made concrete proposals to the government with people involved in the forestry sector. We proposed that the government buy back a portion of the countervailing and anti-dumping duties at the end of each month.

The government would not necessarily have to pay out this money, since the anti-dumping duties that are currently being held in the United States will eventually be recovered. The government could therefore recoup its costs. We proposed this solution, but the government never wanted to talk to the Bloc Québécois to try to implement it. The same goes for aluminum.

If the economic update is about building Canada while ignoring Quebec, what does this economic update actually contain? In my view, the government's primary intention is to build infrastructure to export energy. The fact that the word “gas” appears 43 times and the word “oil” appears 153 times clearly reflects the government's intention to build oil and gas infrastructure in order to export more oil and gas.

We had this discussion at the Standing Committee on Natural Resources. We heard from Hydro-Québec. Sometimes I like to be a bit mischievous. I asked Hydro‑Québec, which has built two major lines allowing Quebec to export energy to the United States, one to New York and the other to Massachusetts, how much financial support it had received from the federal government to do so. The answer was zero. The federal government did not offer Hydro-Québec a single penny in financial support to develop this energy export infrastructure. We are talking about clean energy, about hydroelectricity. It is a different story when it comes to the oil and gas sector.

What does the economic update contain? It includes an increase in the carbon capture and storage tax credit. That information is not coming from me. The former environment minister has stated on numerous occasions that more money has been invested in promoting carbon capture and storage than in certain carbon capture and storage projects themselves. It is a bottomless pit, and it is completely illogical to try to produce clean oil, but notwithstanding that, we know that Export Development Canada, or EDC, put $102 million into the carbon capture and storage sector in 2023. In 2022, $464 million was poured into this sector, which in no way serves the interests of Quebeckers. I will come back to EDC. When we look at the overall support for the gas and oil sector, we see that it is completely outrageous.

The federal government is trying to respond to a tariff crisis by supporting the Canadian energy sector. The question that troubles me is this: Who benefits from the Canadian energy sector? People looking for an answer to that question will find something quite shocking. When looking at the ownership structure of the major oil companies, it becomes clear that 80% of these major oil companies are owned by foreign interests. I repeat, 80% of the ownership structure of the major players in the oil sector belongs to foreign interests. Furthermore, 60% of the ownership structure belongs to American interests. What does this mean? It means that the energy lobby, which aims to boost the Canadian economy, is working to the benefit of American interests.

Here is a hair-raising fact. From 2021 to 2024, these people made $131 billion in profits. Did they invest in their infrastructure? No. They asked the federal government to take on the risk for the infrastructure while they raked in the profits. I have never seen a model like that. Capitalism is based on people assuming risks with their own money and then reaping the profits. That is not what the oil companies want. For the oil companies, it means having the government assume the risk so they can reap the profits. They produce 12.3 billion dollars' worth of capital flight.

The federal government left Quebec out of its economic update. Instead, it is trying to help the big oil and gas companies that send their money to the United States. That is completely outrageous.