Inflation in Canada: Conservatives fail to start debate

Written by Javed Iqbal

The Conservative Party has failed to promote an urgent debate on inflation before the House of Commons rises for the summer holidays.

After making a request to the President of Parliament for a debate, Conservative MP and finance and housing inflation critic Dan Albas was not present in the Chamber to discuss his proposal and explain why it was necessary.

Conservative landlord John Brassard unanimously sought consent to a debate in his place, but was rejected.

The development comes as It reported Canada’s statistics on Wednesday, inflation rose to its highest level in almost 40 years in May.

The agency said the consumer price index (CPI) accelerated 7.7 per centthe largest annual increase since January 1983, mainly due to higher gas prices.

“Higher prices for services, such as hotels and restaurants, also contributed to the increase. Food prices and housing costs remained high in May, as price growth was unchanged on an annual basis, ”the agency said.

Ahead of a caucus meeting on Wednesday, Brassard told reporters that the party is turning its attention away from issues that could be addressed in Parliament’s autumn session, such as hybrid meetings, to issues that he says require immediate focus.

“The first question is about inflation and affordability. It’s clear that inflation figures are at 40-year highs this morning – the impact this is having on Canadians, families, businesses across the country,” he said.

He cited ongoing passport delays and allegations of political interference in the RCMP’s investigation into the Nova Scotia mass shooting as other priorities.

Dan Albas noted on Wednesday that the last time the CPI rose at this pace was Pierre Elliot Trudeau’s prime minister.

Albas said Finance Minister Chrystia Freeland was warned that government stimulus spending would lead to this.

“She’s making Canadians’ lives harder at a time when the government should try to make things easier. So this puts more pressure on the Bank of Canada and the government only has itself to blame,” he said on Wednesday.

NDP leader Jagmeet Singh also addressed inflation concerns today, raising several proposals to return money back to Canadians.

“Our proposal is one that will not increase inflation. It is about redistributing the windfalls in the system. GST unexpected, which the government has right now as a result of inflation – we can redistribute it back through a GST tax deduction,” he said. .

Singh also proposed increasing Canadian child benefit by $ 500.

He said the party has consulted with a host of economists on its strategy and discussed the idea with the prime minister.

During a meeting with U.S. Treasury Secretary Janet Yellen in Toronto on Monday, Freeland said the government is committed to “tax cuts” and called for liberal programs aimed at reducing the cost of living, such as their new $ 10-a-day child care agreements with the provinces.

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Javed Iqbal

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