Oral Questions
Mr. Speaker, the Liberals committed $15 billion to Stellantis only to have it ship 3,000 jobs south of the border. In fact, just in the White House yesterday, Stellantis says it is investing $13 billion in the U.S. to create 5,000 jobs. Every time the government makes a deal, it seems like executives get taken care of while employees get overlooked. When will this Liberal government prioritize job…
Read full speech →Private Members' Business
Madam Speaker, I appreciate my fellow colleague from the Bloc. He always has a very thoughtful question and intervention in this place. As I mentioned in the speech, transparency is very important. In terms of cost, I would just say that much of the work is already being done in these departments to understand what corporations owe what money. This bill would just require some of that information …
Read full speech →Private Members' Business
Madam Speaker, I spent a number of hours with my hon. colleague at the finance committee as he made sure that the previous government got its budget bills passed all the way through. It might have been a painful process, but the Liberals did get through it in the end. I would say that I am open to reasonable suggestions. It was not my intention to create additional problems with respect to partner…
Read full speech →Private Members' Business
Madam Speaker, I would like to thank the hon. member for Calgary Crowfoot for his diligent work on this file and for helping me in my quest to draft this legislation. Absolutely, I do not believe that a corporation deserves any privacy when it owes the treasury or the CRA any money that is all of a sudden waived. There should be no expectation of privacy when that occurs, especially as those amoun…
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moved that Bill C-230, An Act to amend the Financial Administration Act and to make consequential amendments to other Acts (debt forgiveness registry), be read the second time and referred to a committee. Madam Speaker, I am thankful for the opportunity to rise on behalf of the people of Simcoe North and to advance an issue that has been of great importance to me, which is increasing the level of …
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Mr. Speaker, it has been reported that the government is considering lifting the tanker ban to support an east-west oil pipeline. The problem is that some Liberal MPs, and even cabinet ministers, do not support this proposal. Who speaks for the government? Will the minister finally clear it up today whether the government is going to do what Conservatives have called for all along to scrap the emi…
Read full speech →Government Orders
Mr. Speaker, the Liberals are not on a sustainable track, because they have more than doubled the amount we spend on debt service costs. It is only going up, and that is if nothing changes. It was six cents in 2015; it is going to be 13¢ in just a couple of years, and that is if absolutely nothing changes. I do not believe that this is a sustainable path. Even former bank governor David Dodge says…
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Mr. Speaker, it is a pleasure to rise on behalf of the residents of Simcoe North. I will be splitting my time with the wonderful new member for Souris—Moose Mountain, who I am sure will make—
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I apologize to our wonderful friends in interpretation. If it continues to be an issue, please let me know. Let us get right into it. It must be really difficult to be a Liberal member of Parliament today, because here are the headlines following the budget, which is how we measure how the budget is being taken: “Budget shows Carney doesn’t know how tough it is out there on Main Street”. Another—
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Mr. Speaker, I apologize. Old habits die hard. The headline says, “Budget shows [the Prime Minister] doesn’t know how tough it is out there on Main Street”. Another headline reads, “The Liberals' growing deficit of trust”. Another one says that, after all the hype, the Prime Minister’s “first budget fails to meet the moment”. Another says, “Once again, [the Prime Minister] doesn’t quite live up to…
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Mr. Speaker, we absolutely need to improve the services for Canadians, but I would caution the government when it wants to increase services that do not exist today for Canadians while there are still two-hour waits on hold at the CRA when people call. I am not sure that giving the CRA additional things to do is going to provide the service the Liberals think. The CRA has already been trying to fi…
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Mr. Speaker, unfortunately, I did not hear the intervention from my hon. colleague, and I am not sure of the stat he was referring to. I believe there have been some credible sources suggesting that because certain oil is being mixed from certain jurisdictions in the world, some shipments of oil around the world may contain Russian oil. That is obviously something that would be very concerning if …
Read full speech →Oral Questions
Mr. Speaker, in 2015, six cents of every dollar was used to pay interest on the national debt. Yesterday's budget confirms that that number will double to more than 13¢ of every dollar, which is almost $76 billion going to bankers and bond holders to pay interest on the national debt. That is even more than the government will receive from taxing and GST. When the finance minister says that he is …
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Mr. Speaker, the difference is that every Liberal finance minister seems to keep breaking their fiscal promises. They said that the deficits would be low and temporary, but they were long and very large. They said the deficit would be capped. They said the debt-to-GDP ratio would continue going down. The ratio went up, and the deficits blew through the cap. Now, we have a new finance minister with…
Read full speech →Statements by Members
Mr. Speaker, Andrew Moor was a warrior for more competition in the financial services sector and the most respected and passionate advocate for open banking. Under his leadership, Equitable Bank grew from $3 billion in assets to $125 billion. It was deemed Canada's challenger bank. Andrew and EQ Bank challenged more than their competitors. They challenged the system, they challenged bureaucracy an…
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Madam Speaker, I thought my hon. colleague was also going to ask about the gold standard, but maybe that is for another day. He is correct. About 48 million dollars' worth of U.K. beef comes into Canada, and virtually zero, or a very small amount, leaves Canada and makes it into the U.K. This is solely on the basis of non-tariff barriers related to trade and unscientific questions about the use of…
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Madam Speaker, mark the time and the date, because I agree with my hon. colleague in the NDP in his intervention with respect to U.K. pensioners. This is the moment that the current government has let pass to negotiate on behalf of U.K. pensioners. If and when the bill is passed, we will have lost negotiating leverage with the U.K. to support U.K. pensioners living in Canada, and of course I have …
Read full speech →Government Orders
Madam Speaker, it is a pleasure to rise today. Before I get into my speech, I have to chuckle a bit about the last intervention by the member for Winnipeg North. At every opportunity, whenever there is anything negative to be said about the legacy of the last 10 years, the Liberal government says that was an old government and this is a new government. However, whenever there is something it wants…
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Madam Speaker, I might be younger, but I was not born yesterday. If Canada had not sold its gold, we would have $125 billion U.S. of extra money in the government coffers. I appreciate that the member might question that strategy, but it is entirely reasonable to ask why we have been selling gold, why we do not hold any gold and why central banks are borrowing it. With respect to the member's fund…
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Madam Speaker, I appreciate the opportunity to ask my colleague some questions. I have had the chance to meet and work with him on the trade committee. He has wonderful insights, but I think he is missing a key component. Canada has agreed to allow the U.K. to join the CPTPP, but what did Canada get for allowing the U.K. to join? There are outstanding trade disputes with the U.K., especially with …
Read full speech →Government Orders
Madam Speaker, I want to thank my colleague for using the opportunity to discuss process in this place, which is very important. There is actually no reason why there seems to be a rush to have the bill come to the table today. The Liberals could have provided the appropriate notice, as my colleague points out. This place and the level of debate would be improved if we had further scrutiny and an …
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Madam Speaker, I guess we will have to get a ruling on whether we can say a member is intentionally misleading the House, but I cannot believe the government broke its own trade agreement with Ukraine. Do members know what it did? It got rid of the carbon tax. It broke its own agreement. It is unbelievable. I appreciate the member mentioning that we have all of this wonderful gold production in Ca…
Read full speech →Government Orders
Mr. Speaker, I cannot help but weigh in on the most recent intervention. I have heard many great things about the hon. member who just spoke, but surely he would know what happens to the money supply when the Bank of Canada purchases the debt that the government issues. While there is no money printer printing physical bills, the money supply increases substantially, which is, in effect, like prin…
Read full speech →Government Orders
Mr. Speaker, as Conservatives, we want to make sure that a government spends its money properly so that it has money to spend on health care and social services for those who need them the most, including seniors, young people and those with families. We have to be judiciously focused on every single line item so that the government has the money to spend on vulnerable people and those in low-inco…
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Mr. Speaker, never before in history has there been an example of increasing taxes on businesses resulting in lower prices to consumers. I do not think we are going to get to a full discussion of that issue here today, but I welcome follow-up discussions with the member at a future date.
Read full speech →Government Orders
Mr. Speaker, the risks he raises are important. The reason we had quantitative easing in the first place is that no one else who was willing to purchase our debt. That might happen again. With 40% of those who purchased our debt being hedge funds or financial speculators, if they are unable to purchase our debt, who is going to? We will see rates increase or we will see the Bank of Canada forced t…
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Mr. Speaker, I had the wonderful opportunity to work for finance minister Jim Flaherty, who said what everybody knew at the time: Quantitative easing is inflationary and harmful to the overall economy. The central bank never did quantitative easing until COVID. It is doing quantitative tightening now. The government's fiscal policies are putting the bank in a very difficult position whereby it may…
Read full speech →Routine Proceedings
Mr. Speaker, it is a pleasure to rise today, along with my colleague in the Liberal Party, to present a petition representing the voices of many parents across the country who are concerned about social media use and smart phone use by children, especially those much younger than 18 years old. These parents have recognized that smart phones have become a direct gateway to harmful content for child…
Read full speech →Oral Questions
Mr. Speaker, the Prime Minister promised he would negotiate a grand security and economic deal with the Americans, and then went on to make concession after concession, with little to show for it. He cancelled the DST. He cancelled reciprocal tariffs. He withdrew complaints on softwood lumber. Now, he is gushing over the President of the U.S., calling him a “transformative” leader once again. What…
Read full speech →Oral Questions
Mr. Speaker, he said a “disciplined budget”. The deficit has doubled. Almost 100,000 Canadians are now out of work. The government still does not have a deal with the Americans. Auto plants are being mothballed, manufacturing is slowing, $54 billion in investments have left this country and tariffs are higher today than when the Prime Minister took office. When will he deliver on his promise to se…
Read full speech →Routine Proceedings
moved for leave to introduce Bill C-230, An Act to amend the Financial Administration Act and to make consequential amendments to other Acts (debt forgiveness registry). Mr. Speaker, in 2023-24, the government wrote off record amounts owed to it by corporations. In fact, the top 100 corporations had amounts written off totalling $1.8 billion. That is an average of $18 million per corporation write…
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Mr. Speaker, the government's plan is to pile on debt, but to obscure that picture with accounting changes. Now the Parliamentary Budget Officer is warning against making these changes, saying that, if the government obscures its own books, it will, in the PBO's words, “bet your boots...paying more for debt”. Will the finance minister agree that doubling the size of the deficit not only puts Canad…
Read full speech →Routine Proceedings
With regard to the education of government officials: how many government officials, broken down by department, have post-secondary education from an institution other than a university, such as a college or technical school?
Read full speech →Routine Proceedings
With regard to the Natural Sciences and Engineering Research Council of Canada, since 2016 and broken down by year: (a) how many awards were provided by the Natural Sciences and Engineering Research Council of Canada to individuals and organizations located outside of Canada and what was their total value; (b) what is the breakdown of (a) by country; and (c) what are the details of each award in (…
Read full speech →Routine Proceedings
With regard to the Canada Student Financial Assistance Program: (a) what is the total amount of outstanding student loans; and (b) what is the breakdown of (a) by academic discipline and level (undergraduate, doctoral, etc.)?
Read full speech →Routine Proceedings
With regard to the National Research Council of Canada's Industrial Research Assistance Program funding, since January 1, 2016: (a) how many firms in the program's database have left Canada; (b) how many different firms received financial support, broken down by year; (c) of the recipients in (b), how many have since either left Canada or been acquired by foreign owners; and (d) for each National …
Read full speech →Government Orders
Mr. Speaker, to read the press release, which would only become more clear after the election. Will the minister answer whether he believes Canadians who voted for reciprocal tariffs and elbows up did so with full knowledge that the government, quietly and secretly, under the cloak of a vague press release, removed tariffs during the election?
Read full speech →Government Orders
Mr. Speaker, does the minister believe that how much money the Government of Canada borrows impacts the borrowing rate Canadians pay for their mortgages?
Read full speech →Government Orders
Mr. Speaker, one of the gentlemen at Fitch recently said that the lack of a budget “raises questions about transparency and contributes to [Canada's] greater economic...uncertainty”. Does the minister agree with that statement?
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Mr. Speaker, can either minister answer whether they were aware of the remission order that was signed prior to the election that would provide relief to Canadian companies that are facing tariffs?
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Mr. Speaker, this is for the Minister of Finance. It has been reported that the government needs to issue or borrow over $600 billion of debt this year. Is that true?
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Mr. Speaker, is the finance minister aware that despite the Bank of Canada not lowering interest rates, both the 10-year yield and the five-year bond rate for Canada have increased?
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Mr. Speaker, is the finance minister saying that Canada's AAA credit rating is safe?
Read full speech →Government Orders
Mr. Speaker, is the government's AAA credit rating safe?
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Mr. Speaker, the Bank of Canada has warned that 40% of the amount of government debt issuance is purchased by non-bank financial actors, including hedge funds. If we are issuing record amounts of debt, does the minister agree that this represents a risk to Canada's financial stability, our credit rating and the rate at which Canadians have to borrow to pay for their mortgages?
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Mr. Speaker, does the minister believe it is reckless to issue record amounts of debt when the Bank of Canada is warning that the market may not be able to absorb that amount of debt, or if there is fiscal uncertainty in the world, that our interest rates will increase when we have record amounts of Canadians renewing their mortgages? Do they need to pay more, yes or no?
Read full speech →Government Orders
Mr. Speaker, it is getting late, so I will circle back one last time. Does the minister believe Canada's AAA credit rating is safe?
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Mr. Speaker, we have confirmed discussions are ongoing with the Americans. We have confirmed the digital services tax and electric vehicle mandate are, in fact, trade irritants that the government imposed. Will either minister admit that the Liberal government's previously imposed digital services tax and electric vehicle mandate are the reason we have challenges with the American relationship?
Read full speech →Government Orders
Mr. Speaker, I would like just a confirmation: Does either minister support both the digital services tax and the electric vehicle mandate that the government imposed last term?
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Mr. Speaker, it is a pleasure to be here tonight. I want to congratulate the new Minister of International Trade on his appointment. It is a pleasure to be here with everyone today. It has been reported that Canada and the U.S. are in trade negotiations and these are nearing completion. Can the minister confirm that these discussions are, in fact, occurring?
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