House of Commons Hansard #122 of the 45th Parliament, 1st session. (The original version is on Parliament's site.) The word of the day was prices.

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.

Petitions

Opposition Motion—Cancellation of Federal Taxes on Gas and Diesel and the Clean Fuel Standard Members debate a Conservative motion to eliminate federal gas and diesel taxes for the remainder of the year and repeal the Clean Fuel Standard. Conservatives argue this provides necessary relief for families facing inflation. Liberals defend their approach, citing targeted benefits for lower-income Canadians as more effective. The Bloc Québécois opposes the motion, contending that tax cuts primarily benefit the wealthy and oil corporations, arguing for measures that instead address the underlying cost of living. 50500 words, 6 hours in 2 segments: 1 2.

Statements by Members

Question Period

The Conservatives criticize Liberal economic policies and record household debt. They highlight the insolvency crisis and high food price inflation, proposing to remove fuel taxes. They condemn taxpayer-funded health benefits for failed asylum claimants and airport security failures. Additionally, they demand the government defend property rights and address falling property values in British Columbia.
The Liberals defend private property rights and highlight Canada's strong fiscal position. They emphasize affordability measures and dental care, alongside investments in wildfire preparedness and clean electricity. The party also outlines efforts to secure borders, reduce asylum claims, and apply the Clarity Act.
The Bloc demand that the government repeal the Clarity Act and stop interfering in referendums, advocating for the 50% plus one rule. They also condemn the Liberals’ climate betrayal for abandoning the environment.
The NDP advocates for strike rights and criticizes Liberal alignment with the fossil fuel lobby.

An Act to repeal certain restrictions on shipping Second reading of Bill C-264. The bill, Bill C-264, is a private member's motion by Conservative David McKenzie to repeal the Oil Tanker Moratorium Act, aiming to expand export potential for Canadian energy by allowing tanker shipments off the British Columbia coast. While supporters argue this will boost economic prosperity and energy security, opponents from the Liberal and Bloc parties contend it threatens vital ecosystems and harms Indigenous relationships and reconciliation. 8200 words, 1 hour.

Adjournment Debate - The Economy Jacob Mantle questions the inclusion of pension assets in government debt calculations. Ali Ehsassi defends the government's economic approach. Grant Jackson critiques the lack of specific initiatives to increase domestic food production, while Ehsassi asserts that the government’s comprehensive support measures and structural investments are adequately addressing affordability. 2400 words, 15 minutes.

Department of Finance—Main Estimates, 2026-27 Members debate the Department of Finance’s main estimates in a committee of the whole. The Conservative Opposition repeatedly challenges the Minister of Finance on fiscal management, including rising debt, the debt-to-GDP ratio, and infrastructure, arguing the government has failed to meet its own fiscal targets. The Minister defends the government’s record, highlighting generational investments in housing, infrastructure, and the economy, citing expert projections of Canada's strong fiscal position compared to other G7 nations. 37100 words, 4 hours.

Was this summary helpful and accurate?

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:35 p.m.

Liberal

François-Philippe Champagne Liberal Saint-Maurice—Champlain, QC

Madam Chair, I believe it is common knowledge that there is a connection between this company and me. What I can say is that this government is proud to be making generational investments in infrastructure from coast to coast to coast.

I believe my colleague has noted that some of the major projects we need to carry out across this country include investments in housing, investments in infrastructure and investments in innovation and productivity. That is exactly what we have done.

On a cash basis, we are talking about close to $450 billion over five years. These are truly generational investments.

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:35 p.m.

Bloc

Jean-Denis Garon Bloc Mirabel, QC

Madam Chair, if he considers infrastructure so important, why did his government decide to cut $5 billion over 10 years from the public transit fund?

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:35 p.m.

Liberal

François-Philippe Champagne Liberal Saint-Maurice—Champlain, QC

On the contrary, Madam Chair, I would say that this government is making significant investments. More than $50 billion was allocated in the last budget.

The amounts that we discussed with our provincial counterparts were mentioned. My colleague will be pleased because I have a confession to make tonight: At Quebec's request, we have even decided to invest in health infrastructure, which was a request—

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:35 p.m.

Liberal

The Deputy Chair Liberal Alexandra Mendes

The hon. member for Mirabel.

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:35 p.m.

Bloc

Jean-Denis Garon Bloc Mirabel, QC

Madam Chair, I am very protective of my time. I guard it as if it were a pearl.

We note that, in the budget, $229 million has been cut from Statistics Canada. I understand that the government has decided to invest elsewhere in science and research, but the last person to make such significant cuts to Statistics Canada was Stephen Harper, as part of his effort to ensure that Parliament and parliamentarians could develop public policies with fewer open data.

What does that say about his commitment to science?

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:35 p.m.

Liberal

François-Philippe Champagne Liberal Saint-Maurice—Champlain, QC

Madam Chair, what this means is that everyone can find ways to improve efficiency. As I believe I have said, citizens have been tightening their belts for quite some time. It is only natural that we also ask federal institutions to tighten theirs.

I know my colleague is familiar with a tool called technology. There are technologies available today that allow us to do things better and faster. We are often able to achieve efficiency gains like the ones we found at Statistics Canada.

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:35 p.m.

Bloc

Jean-Denis Garon Bloc Mirabel, QC

Madam Chair, the minister increased the funding allocated to the Conflict of Interest and Ethics Commissioner by 2.5%, or approximately $225,000.

I would like him to tell me what proportion of this additional spending will be used to monitor the Prime Minister's conflicts of interest.

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:35 p.m.

Liberal

François-Philippe Champagne Liberal Saint-Maurice—Champlain, QC

Madam Chair, as members are well aware, the Ethics Commissioner is independent from the government. He is an officer of Parliament who does the important job of advising my colleagues here and fulfilling that role.

The Ethics Commissioner has the resources he needs to fulfill his important role in our democracy.

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:35 p.m.

Bloc

Jean-Denis Garon Bloc Mirabel, QC

Madam Chair, speaking of resources allocated in the estimates, the Fédération des chambres de commerce du Québec and steelworkers are calling for a wage subsidy to help maintain the employment relationship between employers and workers who have been hit hard by the new tariff calculation.

From what I understand, not a single penny of the budget will be allocated to a wage subsidy program. The minister knows that we think that the measures that have already been announced are inadequate.

Even though he will not answer, I would like to know exactly how much of the budget is allocated to the wage subsidy that the Fédération des chambres de commerce du Québec is calling for.

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:35 p.m.

Liberal

François-Philippe Champagne Liberal Saint-Maurice—Champlain, QC

Madam Chair, my colleague will be pleased to learn that we have invested several billion dollars to support workers during these challenging times.

My colleague knows this very well, as he is from Quebec. We have seen many industries affected by the unfair tariffs imposed by our American neighbours.

The government's response was to help our workers and our industries, particularly Quebec's lumber and aluminum industries.

I think that my colleague should acknowledge what we have done to help workers.

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:35 p.m.

Liberal

The Deputy Chair Liberal Alexandra Mendes

There are five seconds left for a question and five seconds for the answer.

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:35 p.m.

Bloc

Jean-Denis Garon Bloc Mirabel, QC

Madam Chair, you know I appreciate you. You deserve these last five seconds and more.

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:35 p.m.

Liberal

François-Philippe Champagne Liberal Saint-Maurice—Champlain, QC

Madam Chair, I would add to my colleague's statement by saying that you are deeply appreciated by everyone in the House.

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:40 p.m.

Liberal

Steeve Lavoie Liberal Beauport—Limoilou, QC

Madam Chair, I rise today to speak to Bill C-30, the spring economic update 2026 implementation act. I will also address a fundamental issue for our country, our regions and the people we represent, which is to build a strong, more resilient and more accessible Canada for all.

We are currently at a hinge moment. The world we live in is undergoing profound change. It is more uncertain, more fragmented and marked by geopolitical tensions, supply chain disruptions and increased pressure on the cost of living. For many families, these realities are not just theoretical. They are felt every day, when shopping for groceries, searching for a place to live, or managing a household budget.

In my riding of Beauport—Limoilou and across the country, people are under immense pressure. Groceries cost more, affordable housing is harder to find, and every dollar counts. When an organization like Patro Roc-Amadour in Limoilou sees an increase in requests for food assistance, that is not just a statistic. That is a human reality.

In this context, our responsibility as parliamentarians is clear. We must act ambitiously, effectively and with discipline. We must focus on those factors that we can control, such as the strength of our economy, our country's ability to invest and, most of all, Canadians' quality of life.

The spring economic update is closely aligned with those principles. It offers a structured, coherent and future-oriented approach. It strikes a crucial balance between building more, strengthening our economy and easing pressure on the cost of living. Canada leads the G7 in per capita foreign direct investment inflows. To be specific, that is $1,231 per person in the first three quarters of 2025 alone, which is almost twice as much as what the United States took in. Considerable progress has been made over the past year. Major projects have been launched, drawing significant investment and creating tens of thousands of jobs.

In my riding, Beauport—Limoilou, these issues are very real. We are smack dab in the middle of a strategic region for trade, transportation and logistics. Our proximity to the St. Lawrence, our infrastructure and our geographic location make us a key player in Canadian supply chains. Every investment in commercial infrastructure, every initiative to improve the flow of trade and every strategic project has a direct impact on us. That means jobs, contracts for our businesses and a more dynamic and resilient local economy.

In addition to infrastructure, the strength of our economy and our environment is another important pillar. Yes, they can both appear in the same sentence. Those who know me know how much these two societal issues matter to me. They are inextricably linked to my values: economic development and the environment. All too often, people portray the economy and the environment as being incompatible, as if we had to choose between prosperity and protection, between growth and responsibility.

However, when Leger was conducting a survey in June 2023, while I was president of the Chambre de commerce et d'industrie de Québec, I insisted that one last simple but fundamental question be included: Should we always put economic development ahead of environmental issues or, conversely, should we always put environmental issues ahead of economic development, or alternatively, should both carry relatively equal weight in our decisions? The answer was clear: 66% of respondents, or two out of three people, said that economic development and environmental issues should have relatively equal weight in decision-making.

People are done with choosing between options. They want to move forward by having both. They want us to be ambitious enough to accomplish both.

Since that day, this idea has become more than just a thought exercise to me. It has become my mantra. Canada is in a position of strength. Our country is fortunate enough to have a highly skilled workforce, privileged access to international markets and rich deposits of strategic resources. We are one of the few countries to possess such a vast network of trade agreements that we have access to a significant portion of the global economy. This puts us in a good position despite the international uncertainty. We have to keep diversifying our markets, supporting our businesses and investing in strategic sectors to ensure our long-term growth.

Once again, this has a direct impact on my riding of Beauport—Limoilou. Our businesses, our workers and our young people are benefiting from all these opportunities. Let me be clear. Despite the progress, people's main concern remains the cost of living. For families in my riding, as for all families across the country, the reality is simple. Everyone wants to be able to afford groceries, put a roof over their heads and plan for the future with a modicum of security. That is why measures to improve affordability are essential. For a family in Beauport—Limoilou, this means real and tangible benefits. It means having a little more breathing room at the end of the month. It means being able to handle unexpected expenses. It simply means a little more stability. Measures aimed at accelerating housing construction, supporting innovation in the construction sector and making home ownership more attainable are essential. Every housing project and every initiative aimed at increasing supply directly contributes to improving the situation.

In Beauport—Limoilou, these measures are not abstract. They address real needs expressed by our constituents. We live in a world where the rules of the game are changing rapidly. Supply chains are being redefined, economic alliances are shifting and international tensions are directly influencing the market and costs.

As I said earlier, the cost of living remains the top priority for our constituents. Numerous concrete measures to help with that have been or will be put in place. I will give a few examples.

There will be a Canada groceries and essentials benefit of up to $1,890 for a family of four this year. More than 12 million Canadians will receive this support. A tax cut for the middle class is planned, providing savings of up to $840 for a dual-income family. The consumer carbon tax, amounting to around 18¢ per litre of gas, will be eliminated. There will be a temporary suspension of the excise tax, delivering savings of up to 10¢ per litre of gas. For a family in Beauport—Limoilou, these savings make a difference. They help pay for some of the grocery bill, reduce travel costs and create a little breathing room in a tight budget. This means a family can do their grocery shopping with a little less stress; a worker can count on a stable, well-paid job; a business can invest and grow; and a young person can picture a future here at home. This is exactly what we must continue to build: a Canada firmly rooted in its regions, a Canada that invests in its future, a Canada that supports its citizens, a strong Canada.

I now have a few questions for the Minister of Finance.

In my riding, Beauport—Limoilou, and across the country, housing remains a major concern, particularly for young families and workers. The 2026 spring economic update proposes several measures to accelerate residential construction, including low-cost loans, support for prefabricated housing, and investments in skilled trades.

These measures complement initiatives the government has already implemented, such as the launch of Build Canada Homes, measures to reduce and eliminate the GST for first-time buyers of new homes, efforts to expedite major projects, and investments aimed at increasing the country's construction capacity.

Could you explain how these measures work together to form a comprehensive economic capacity strategy, not only to build more housing, but also to develop the expertise and workforce needed to complete these projects more quickly and at a lower cost?

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:50 p.m.

Liberal

The Deputy Chair Liberal Alexandra Mendes

Although I cannot answer that question myself, I am sure that the hon. Minister of Finance would be pleased to do so.

The hon. Minister of Finance.

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:50 p.m.

Saint-Maurice—Champlain Québec

Liberal

François-Philippe Champagne LiberalMinister of Finance and National Revenue

Madam Chair, in front of all the people of Quebec City who are watching us, I want to congratulate the member. I think that the people of Quebec City should be proud to have an MP like him. He has a strong grasp of the issues, not only in the greater Quebec City area and in the national capital, but also as the former president of the Quebec City chamber of commerce and industry. He is obviously someone with extensive knowledge of important issues and economic matters.

He spoke to a very important issue, the housing issue. This is true in Quebec City, true across Quebec, and true across the country. We know that housing is one of the pillars of affordability. I know my colleague understands that.

That is why we have made generational investments. That is why Build Canada Homes is going to play an important role, because we do need to build more housing, but what we really need to do is build more affordable housing. We know that housing is the first pillar of affordability for families.

People need to be able to find safe, affordable housing that is within their financial means and that is suited to their family's needs. I would like my colleague to know that I think he has a very good grasp of the reality, namely that housing has been the priority. The 2025 budget includes generational investments.

If we look at the total investments the government is making in housing for the five-year period from 2026-27 to 2030–31, we see that a total of $56 billion will be invested in various measures to help build more housing. We are already seeing results. Pressure has started to ease in major cities on house prices, as well as on the cost of housing.

I would like to congratulate my colleague on the speech he gave today in the House. It was a speech that demonstrated just how well he understands the issues that matter to the people in his constituency, to the people of Quebec City, but also to Canadians as a whole.

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:50 p.m.

Liberal

Steeve Lavoie Liberal Beauport—Limoilou, QC

Madam Chair, I have another question for the Minister of Finance. The current global context of geopolitical and trade uncertainty has been mentioned a lot lately. Because of this context, the economic update emphasizes the importance of building a more resilient Canadian economy that is more focused on long-term investment. As a former president of the Chambre de commerce et d'industrie de Québec, I know how important predictability and stability are to our investors and entrepreneurs. These days, those are the words that come up most often when I meet with business leaders in my riding.

In this context, can the minister explain how the measures we have announced, particularly the Canada Strong fund, the Major Projects Office and new trade partnerships, are helping to build a long-term economic strategy and create lasting benefits for our businesses?

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:50 p.m.

Liberal

François-Philippe Champagne Liberal Saint-Maurice—Champlain, QC

Madam Chair, I can imagine how pleased the people of Beauport—Limoilou are to hear their MP speak this evening. The Habs are not playing this evening, so I presume that a lot of people are watching their MP tonight. He is doing a great job. It is clear that, as the former president of the Chambre de commerce et d'industrie du Québec, he understands the issues. He is right. That is one thing that sometimes bothers me about my opposition colleagues. They forget that we are trying to navigate very uncertain economic times.

The IMF publishes an uncertainty index. Right now, the level of uncertainty is almost as high as it was after the Second World War. We are living in uncertain times. I think that, in times like these, we need to focus on what we can control, as the Prime Minister so rightly said.

What can we control? We can build the country; eliminate tariff barriers between the provinces; invest in our sovereignty, competitiveness and innovation; build safe and resilient communities across the country; and take fiscal measures that ensure that new investments made in Canada today benefit from the lowest tax rate in the G7. Canada is still a leader. We have the second-highest growth in the G7. Canada's economic growth is twice that of our counterparts in Europe, twice that of Great Britain—

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:55 p.m.

Liberal

The Deputy Chair Liberal Alexandra Mendes

The hon. member for Kildonan—St. Paul.

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:55 p.m.

Conservative

Raquel Dancho Conservative Kildonan—St. Paul, MB

Madam Chair, the Canadian auto sector is in serious crisis. We are facing thousands of job losses, and really that is a result of the U.S. tariffs and, frankly, a disastrous strategic policy by this Liberal government. If I look at 2020 to 2024, when the finance minister was, in fact, the industry minister, he signed off on up to $52 billion with Ontario for electric vehicle subsidies to artificially manufacture an electric vehicle supply chain in Canada. He made very big promises that this was going to deliver huge returns for Canada, yet many of those projects have failed to deliver. In fact, we have seen thousands of job losses because of the failure of those projects to go forward.

Can the minister admit that his electric vehicle strategy has been a failure?

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:55 p.m.

Saint-Maurice—Champlain Québec

Liberal

François-Philippe Champagne LiberalMinister of Finance and National Revenue

Madam Chair, I would think it is exactly the opposite. I think electrification is still our north star. Let me just remind my colleague that when Tesla started business, it took 17 years to be profitable. When the Model T Ford was introduced, it was not a success. When we have been doing the same thing for 100 years with internal combustion engines and we switch technology after a century, it is quite normal that we have adjustment of technology, of consumer habits and of markets, and the position that has been taken by our neighbour to the south has affected this. We have seen delays in most of the projects in the G7, but I still believe in investing in the electric stack and in making sure that we have the ecosystem to build a car—

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:55 p.m.

Liberal

The Deputy Chair Liberal Alexandra Mendes

Is the hon. member for Kildonan—St. Paul sharing her time?

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:55 p.m.

Conservative

Raquel Dancho Conservative Kildonan—St. Paul, MB

Madam Chair, yes I am, with the member for St. Albert—Sturgeon River.

I will just go through the list, because I think the finance minister may not be aware of some of the commitments that he made to Canadians that have since fallen through.

At Stellantis in Brampton, the plant laid off 3,000 workers. In fact it took those jobs, sent them to the U.S. and promised 5,000 jobs in the U.S. and $13 billion of U.S. investment, despite hundreds of millions of dollars flowing from the taxpayers through the Liberal government to retool Stellantis's facility in Brampton.

Northvolt in Quebec went bankrupt despite up to $3 billion of commitments from the taxpayer through the Liberal government. Ford in Oakville, despite millions of taxpayer dollars spent, cancelled its project and is now making gas-powered trucks. With Umicore for EV batteries in Loyalist Township, Ontario, millions of taxpayer dollars were spent, and the project was delayed indefinitely.

GM POSCO in Quebec is an EV battery plant. Phase 2 is now delayed despite well over $126 million from the taxpayer being spent. GM's CAMI facility is in Oshawa with $244 million from the taxpayer. Their BrightDrop EV project was shelved. Of course, Honda just recently suspended indefinitely a $15-billion electric vehicle project in Ontario, citing issues with global EV demand. The Liberals' cornerstone, the NextStar Energy facility that was supposed to build and be a world leader in electric car batteries, is no longer making EV batteries. In fact, the auto company involved with that, Stellantis, has pulled out altogether.

I will just ask the minister again if he feels his promises are being delivered on an electric vehicle supply chain in Canada?

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:55 p.m.

Liberal

François-Philippe Champagne Liberal Saint-Maurice—Champlain, QC

Madam Chair, I am so happy to have that line of questioning. I almost hope that time would stop for a minute, because honestly, I could go on and on. Let us talk about Volkswagen, one of the largest automakers when we landed the gigafactory. It is the largest gigafactory outside of Europe of Volkswagen. In which country did they decide to put it? It was in Canada. It is amazing that, for the first time in Canada's history, we have attracted a European automaker to Canada.

I see in her smile that the member knows in her heart that we have done good things for the workers and that we have done good things for the industry. She is a good member. She is experienced. She will appreciate that—

Department of Finance—Main Estimates, 2026-27Business of SupplyGovernment Orders

7:55 p.m.

Liberal

The Deputy Chair Liberal Alexandra Mendes

The hon. member for Kildonan—St. Paul.