Bill Morneau

[Natural Resources, May 29th, 2018]

Mr. Speaker, with no business experience, I understand the member opposite might not understand what we are talking about. We are talking about a $4.5-billion investment in the assets of Kinder Morgan, creating long-term value for our country. We know that is the right thing to do for our country.

[Natural Resources, May 29th, 2018]

Mr. Speaker, let us evaluate what the member opposite just said. In the decade before 2015, not one pipeline to tidewater was built. We know this is a fact. We know the project is going to ensure that we create an advantage for Canadians, an economic advantage that goes along with our overall plan to ensure that the environment and the economy go hand in hand. This is in our national interest. It is creating jobs in Alberta, British Columbia, and across our country.

[Natural Resources, May 29th, 2018]

Mr. Speaker, I note the audacity of the member opposite in talking about not getting a pipeline to market, which is what he and his party were unable to do. We have stepped forward and said that we are going to take the decision to put a project in the national interest forward so that we can create the economic advantage we are seeking. The economic advantage for Canada is $15 billion of advantage to our economy, and 15,000 jobs. We are moving forward in the national interest, for Canadians.

[Natural Resources, May 29th, 2018]

Mr. Speaker, the sheer audacity of the member opposite—

[Ways and Means, May 28th, 2018]

Mr. Speaker, pursuant to Standing Order 83(1) I wish to table a notice of ways and means motion to introduce an act to implement a multilateral convention to implement tax treaty-related measures to prevent base erosion and profit shifting.

Pursuant to Standing Order 83(2) I ask that an order of the day be designated for consideration of the motion.

[Privacy, May 28th, 2018]

Mr. Speaker, the member opposite is absolutely wrong. We are working to ensure our banking sector stays innovative. We are recognizing that we need to have financial technology that works. We are also ensuring that confidential information remains absolutely confidential. There is no change to those regulations. We will continue to ensure that is the case, while we also pursue an innovative Canada.

[Privacy, May 28th, 2018]

Mr. Speaker, we know innovation in the banking sector is crucial. That is why our 2018 budget enabled the banking sector to buy financial technology firms. However, we have made it crystal clear that we need to ensure confidential information stays confidential. That is the case now, and it will be the case after our 2018 budget.

[Finance, May 28th, 2018]

Mr. Speaker, I think by now Canadians understand what we pay attention to. We pay attention to them.

What we have done over the last few years is to ensure that more Canadians are working. There are 600,000 new jobs and the lowest unemployment rates we have seen in 40 years. We are able to do all of that while having a lower level of debt to GDP than we saw during the entire time of the Harper government.

We will remain on our track, which is invest in Canadians, to grow our economy, to create jobs, to create confidence for the future in our country.

[Finance, May 28th, 2018]

Mr. Speaker, I have to say that the plan we put in place in 2015 is still on track.

What we have seen is the lowest unemployment rates in 40 years. We have seen growth rates that are the fastest among the G7 countries.

We are going to continue to make investments in Canadians to ensure that our economy does well, to ensure that Canadians do well, and to ensure that Canadians have jobs today and tomorrow.

[Natural Resources, May 24th, 2018]

Mr. Speaker, the truth is that we have committed to phase out inefficient fossil fuel subsidies by the year 2025. In our first budget we announced the expiration of the accelerated capital cost allowance for certain LNG facilities.

In the 2017 budget, we announced the elimination of certain tax credits for oil and gas exploration expenses. We are committed to figuring out a solution for the future, because it is very important, but at the same time, we want to find a solution for our economy.