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Results: 1471 - 1485 of 1564
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, I thank the hon. member opposite for his question but I disagree 100% with the premise.
All of the calculations show that income splitting would disproportionately benefit Canadians at the very top of the income distribution. This benefit would go to the 15% of Canadians who least need it. Therefore, as a matter of economic fairness, income splitting is a really bad idea.
As a matter of sound economic policy it is a really bad idea too, because what we are learning about economic policy is that if we do not focus on growing the middle class, we will have slowing economic growth. If the middle class does not have the income to purchase, we have an economy that is stalled. An economic policy like income splitting that benefits the top is a policy that also has an adverse impact on GDP.
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, last week the Bank of Canada said that low oil prices will “weigh significantly on the Canadian economy.” The bank acted on its grave concerns by lowering rates to an astonishing 0.75%, yet the Minister of Finance has the gall to pretend, as he has done today, that the Canadian economy is in “a good space”. His actions belie his own words. Why else would he delay the budget?
When will the Conservatives come clean with Canadians and present a plan to stimulate growth and create jobs rather than cling to their imprudent and expensive tax cuts for the Canadians who need them the least?
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, government delays in finalizing CETA are putting the agreement at risk. Last month, France's national assembly and senate both passed non-binding anti-CETA motions. This weekend, the leader of the NDP poured fuel on the fire, attacking this essential agreement at a socialist conference in Paris.
Could the minister tell the House exactly what the government is doing to get this deal done, and when this much ballyhooed agreement will finally be completed?
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, the European Union and Ukraine have signed an association agreement that takes effect January 1, 2016. In the meantime, Europe has already eliminated most tariffs for Ukraine, a form of help equal to $635 million in aid.
Canada and Ukraine are seeking a free trade agreement, but trade negotiations take a long time. Given the strong cross-party support for Ukraine in this House, will the government match the EU's unilateral zero-tariff regime for Ukrainian businesses until our deal is done?
View Chrystia Freeland Profile
Lib. (ON)
When I awoke
Before the dawn, amid their sleep I heard
My sons ...weep and ask
For bread.
Mr. Speaker, that is Dante's description of hell. That hell of starving children is what Stalin and his regime created in Ukraine in 1932 and 1933. This Holodomor was a deliberate genocide, designed to break the Ukrainian nation and to impose collectivization on a farming society renowned for its industriousness and powerful sense of community. One of the horrors of the Holodomor was that Moscow flatly denied its murderous campaign. Far too many people, for far too long, believed that lie.
Walter Duranty, The New York Times journalist who won a Pulitzer prize for his reporting from the Soviet Union, wrote:
Conditions are bad, but there is no famine.... But—to put it brutally—you can't make an omelet without breaking eggs.
Today, we are again hearing Orwellian doublespeak from a Kremlin that has invaded Ukraine. That makes its doubly important for the House to recognize the Holodomor as an act of genocide and to remember its victims. Vichna im pamiat.
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, many young Canadians have given up looking for full-time work in the face of stagnant wages and a dire job market. According to the Canadian Federation of Students, 300,000 young Canadians are actually working for free. When we add together discouraged young job seekers who are forced to work part time and unpaid interns, we get an unemployment and underemployment rate of almost 28%. That is shameful.
Why does the government have no plan for our lost generation of young Canadians?
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, according to the Bank of Canada, 200,000 young Canadians cannot get work. The situation is so dire, economists are joking that our central bank is following a grim new indicator: the kids living in their parents' basements index. In fact, it is so hard to get a job today that young people are being advised to work for free. This is our lost generation.
How can the government justify giving a tax break to wealthy boomers, while leaving Canada's young adults behind?
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, the Governor of the Bank of Canada warns that we are facing a low or zero-growth jobs recovery. He said that over 900,000 Canadians are trapped in part-time jobs and 200,000 young Canadians cannot get work at all. Governor Poloz is “pretty sure these kids have not taken early retirement”. He said that we need policies such as investment in infrastructure to boost growth.
Why is the government hamstringing its own capacity to act with an income splitting plan that offers no benefit to 86% of Canadians?
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, in an email last week referring to the Conservative plan for income splitting, the member for Durham said, “As a father of two amazing young children, I cannot tell you how excited I am.”
There are a lot of proud parents of amazing kids in Canada, but very few—
Some hon. members: Oh, oh!
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, I am using my big girl voice.
There are a lot of amazing kids in Canada, and their parents are proud of them, but very few of those parents are paid $180,000 a year, as the parliamentary secretary is.
How can he justify a policy which helps his family, but leaves behind 86% of Canadians?
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, October is Brain Tumour Awareness Month in Canada.
Brain tumours are an indiscriminate form of cancer, and increasingly one of the most deadly. In the last decade, the mortality rate for a child diagnosed with a brain tumour has surpassed all other forms of childhood cancer. There is no clear explanation why.
One reason we cannot answer this question is that there is no central system in Canada that tracks brain tumour statistics.
Seven years ago, in this House, a motion was passed that called for the creation of a national registry to count and classify every brain tumour in the country, but a registry has not been created. Shockingly, Canadian doctors and researchers must rely on statistics from the United States to estimate incidence rates in Canada. Without this data, provinces and territories are unable to properly judge who needs care, resulting in unequal access to drugs and treatment for patients. We can and must do better.
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, notwithstanding the minister's talking points, the Parliamentary Budget Officer's numbers do not lie. The story they tell is that the government's EI tax credit will cost taxpayers $550 million to create a paltry 800 jobs, at a ridiculous cost of $700,000 per position.
Economists warn that this flawed measure also creates a perverse incentive to reduce employment. Why will the government not scrap this wasteful plan and instead adopt the Liberal policy, which would create a substantial number of jobs for Canadians?
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, I thank the parliamentary secretary for his remarks. I particularly endorse his point that opening up Canadian trade to Asia and opening up Asia to the Canadian economy is absolutely essential.
As the House knows, the really big deal, which would cover 40% of the world's economy, is the TPP. I would be very interested in the member's views on how those talks are going. If, as some observers fear, it looks as though they are getting bogged down, does the hon. member believe that Canada should be pursuing its bilateral talks with Japan more energetically?
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, I would like to assure the hon. member from the official opposition that the Liberals support not only free trade but also child care, so we are with him there. I think that this is a week when it is terrific that we are talking about a bill that has almost all-party support.
The hon. member from the official opposition has spoken very eloquently about the importance of this deal in terms of opening up Asia to Canada. I would like to hear his assessment of how the really big deal opening up Asia, the TPP, is going.
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, I would like to begin by reiterating that the Liberal Party supports free trade, and we are pleased to support this deal.
This is just the third day the House has been sitting since the terrible events of last Wednesday. It is very appropriate and fitting that on this day we are debating a measure that has the support of the three main parties in the House and that in the discussion we have heard about the tremendously powerful impact Canada's diverse population brings to the country.
We have heard a lot of members speaking eloquently about Korean Canadians and how the connections they have with Korea have been so important in building this deal and in building connections with that country. This is a week when all members of the House should be talking in the most forceful possible terms about Canada's strength in our diversity and Canada's strength in our pluralism. I am pleased that this Korean free trade deal has given us an opportunity to do that.
Coming to the deal itself, I am going to speak about our position on free trade and why we believe that free trade is so important, particularly for Canada. I am going to talk about why we support this specific deal with Korea. I am also going to talk about our concerns and about what we feel has gone wrong and could have been done better. Then I am going to speak about what our trade agenda going forward should be.
I would like to start by talking about free trade and why it is so important for Canada and is such a centrepiece of the Liberal economic program.
We are living in a time when the middle class is hollowed out, when the middle-class is getting hammered. That is something the Liberals have recognized and have been talking about. There is a lot of resonance among Canadians when we raise those issues. One of the ironies of an age like our own, when the middle class is suffering, is that national support for free trade can weaken and we can have the rise of protectionist sentiment. I am therefore absolutely delighted to represent a party that is strongly in favour of free trade.
I am also really delighted to be standing in the House and talking about a free trade deal that has such cross-party support. To have national unity around free trade will be an essential strength of Canada going forward. If we can maintain that, it will provide a competitive advantage for the Canadian economy.
Why is trade so important? Why is it central to Canada's economic success in the 21st century?
Canada is geographically vast. It goes from coast to coast to coast. The reality is that by GDP, Canada has only the 11th largest economy in the world. We are just not big enough to exist, grow, and prosper without being maximally open to the world economy.
Exports to date account for 30% of our GDP, and one in five jobs are linked to exports. The only way the Canadian middle class can grow is for the Canadian economy to become ever more global, for more Canadian businesses to be more competitive and doing more business in the world economy.
That is particularly true when it comes to the emerging markets of Asia, Africa, and Latin America. These are places where the middle class is rising up out of poverty, where there is growing consumer demand, and where there are attractive demographics. As a country, Canada has to be poised to sell into those markets. If we fail to do that, our own middle class will be squeezed and will falter. For Canada, there can really be no economic policy more important than a strong, aggressive, forward-moving, forward-looking trade policy. I am sad to report that the reality is that when it comes to trade in the world economy, if we look past the government's rhetoric, Canada is falling behind.
I would like to draw the House's attention to an important and thorough report produced this year by the Canadian Chamber of Commerce, a business group to which we pay a lot of attention.
This is a group that has a network of over 450 chambers of commerce and boards of trade, and it represents 200,000 business of all sizes and sectors in the economy, in all regions of the country. These people are important. We need to listen to what they are saying about what is happening to the Canadian economy.
I am afraid that when it comes to trade, the Canadian Chamber of Commerce is very worried. The title of its report says it all. It is called “Turning it Around: How to Restore Canada's Trade Success”. Here is what the Chamber of Commerce has to say about how we are doing. It agrees with the Liberals. It says:
International trade is one of the fastest and most effective ways for Canadian businesses to grow.... However, the increase in exports and outward investment has been slow in recent years, and diversification to emerging economies has been limited.
As we have just been discussing, emerging economies are the essential places for us to be going.
Looking deeper into the report, the chamber did a very important calculation in talking about what is actually happening to Canadian trade. I would like to quote it. It said:
Despite more firms looking abroad, Canada is lagging its peers according to several measures.
Yes. That is right. We are, as the report says, falling behind when it comes to our international trading position. The report goes on to say:
Over the past decade, the value of exports has increased at only a modest pace.
What is really interesting about this report is that the authors backed out increased commodity prices when they took a look at Canada's trading position. When we do that calculation, we see a picture of how we are doing on trade that is not at all pretty. Here is what the chamber said about backing out the price premiums we had been experiencing in energy, mineral, and agricultural commodities:
If these price increases are excluded, the volume of merchandise exports shipped in 2012 was actually five per cent lower than in 2000 despite a 57 per cent increase in trade worldwide.
What has actually been happening is that the world gets that trade is important. Globalization is not just a trendy word; it is the world's economic reality, and the reality is that Canada is falling behind. This trend is reflected in the trade numbers. In August, economists were predicting a $1.6-billion trade surplus. Instead, Canada recorded a $610-million trade deficit. These are worrying numbers, and there needs to be a lot more urgency on this file.
I would also point to an issue we heard addressed in question period today, which is falling commodity prices. Warren Buffett, the renowned investor, likes to say that when the tide goes out, we see who is swimming without their trunks on. I am worried that high commodity prices for the Canadian economy have been like a high tide that has obscured a lot of problems, nowhere more so than in trade. As those commodity prices fall, we need to be really worried about what they are going to show is happening in trade.
Turning now to Korea, we agree with our colleagues from the government and the official opposition that this is an important deal, and we share their urgency about getting this finalized by or before January 1. It is important to Canadian businesses, it is important to Canadian exporters, it is important to the people who work in those industries, and it is therefore very important to the Liberal Party.
Korea is Canada's seventh-largest trade partner. In 2013, we did $10.8 billion of trade between us.
Korea is an attractive partner to us, because it is a democracy. This is a country that is a real technology leader, including, as we have heard, in green energy. It is a country that is very culturally innovative. I think we can learn a lot of lessons from Korea about being a global cultural leader, even if we are not one of the big powers. It is an economy that is very attractive to Canada's agri-food industry, to our aerospace industry, and to our spirits industry, so we are very much in favour of this deal.
Having said that, I would be remiss in my responsibilities if I did not point out some of the problems we have with it. The biggest concern we have with this Korea free trade deal is that it is late.
The United States economy, with which we are most closely connected, ratified its trade agreement with Korea in 2011, and the agreement went into effect in 2012. Korea's trade deal with the EU has been provisionally in force since July 2011.
This delay is not just about some kind of theoretical competition over whose date is first. The delay in getting the Korea deal done has had direct and meaningful impacts on Canadian exporters. The global economy is extremely competitive. Businesses know it. Canadian businesses are suffering, and they have been let down, when it comes to Korea trade, by the government. We have lost 30% market share in Korea, more than $1 billion, because we have been slower to come to a deal.
We heard the parliamentary secretary to the minister waxing lyrical about the Korean affection for Canadian lobster, and Koreans should indeed be enthusiastic about eating Canadian lobster. I know that everyone in the House is. However, the government should be apologizing to Canada's lobster industry for putting it at a disadvantage.
I want to read a quote, from The Globe and Mail, from Stewart Lamont, managing director of Nova Scotia's Tangier Lobster Co. Ltd. He said, “The Americans are two and a half years ahead of us, but better late than never.”
That is really the story of this agreement. We are supporting the deal. We are glad it is happening, but this is a story not of triumph but of better late than never.
I would like to point out that our negotiations with Korea began in 2005. The Americans started talking to the Koreans in 2006 and to the EU in 2007. Despite starting negotiations sooner, we have concluded the deal later, and that is something that has had a measurable impact on the bottom line of Canadian exporters.
We need to get this deal done by January 1, but everyone in the House should be aware that the slowness of getting a deal done means that Canadian companies have to run extra fast. They have to claw back that lost export position in the Korean market, and that is going to be very hard work for them.
What we hear when it comes to the reasons for Canada falling behind and this deal having been done behind the U.S. and behind the EU, despite the fact that negotiations began sooner, is that it had a lot to do with the top-down, hyper-controlled approach to issues we see from the government when it comes to the domestic agenda. The Korean deal is more evidence that this approach, which is rejected by so many Canadians now at home, also slows down our relationship with our international partners.
There is support from us. There is support from the official opposition for this deal. I am very pleased that there is that support. It is urgent that we lose no more time getting this deal finalized by or before January 1.
We would be derelict in our duty if we were not aware that this deal has come late. It is better late than never, but it would have been much better had it not been late to begin with.
This deal is particularly significant, because it is our first deal in Asia. It is really important, going forward, that we not allow the mistake of falling behind to happen in our future deals. I am going to talk in a moment about those other deals and the approach Canada needs to take.
However, before doing that, I would like to also urge the government to release a study the department did on the economic impact of the Canada-Korea free trade deal. This study has been requested by many stakeholders, and their access to information requests for this study were very keen, particularly given the fact that the deal is due, we hope, to be finally confirmed by the end of the year.
We call on the government to release this study of its economic impact. Now is the time for us to have that information and to talk about it. It should be made public. Given that the agreement is being supported by both the Liberals and the official opposition, I can really see no reason why the government is not coming out publicly with that more detailed information.
When it comes to the trade agenda going forward, the really big issue on the agenda and what we really need to focus on is TPP. This is an agreement which will touch on 40% of the world economy. In current economic conditions, when a lot of economists are concerned that we are suffering from secular stagnation, that the whole world economy has moved into a new low-growth paradigm, TPP could not be more essential. This could be one of the few levers that we have to get the global economy going. It is essential for Canada and it is essential for the world.
These comprehensive TPP talks started in 2008. Canada, I am sad to say, did not join until 2012. I am afraid we see the pattern with Korea being repeated here. We are slow to come to the table. We really have to focus. We are seeing something wonderful, a tremendous competitive advantage in our country, which is real support across the political spectrum for the Korea deal, for trade with Asia, for trade with the world. It is absolutely incumbent on the government to use that strong political support for free trade, to be an active and energetic partner in the TPP talks to get them going.
Negotiations actually are going on right now. They happened over the weekend in Australia on TPP. I urge the government to be a more active participant in those talks. I am sad to say that when we speak to our trading partners, our international partners, they say that something which we have seen in Canada's relationship in multilateral institutions around the world is, I am afraid, being repeated in TPP.
Canada used to have a reputation as one of the world's most effective multilateralists, as a country that was good at working in a group, at working with others, at getting deals done, at leading deals. However, when it comes to TPP, I am afraid that the reports we are hearing is that Canada is missing in action, Canada is not playing a leadership role and in fact that Canada is frustrating our trading partners.
That really cannot continue. This is an essential deal and we need Canada to be a leading voice. We cannot have a repeat of what we have seen with Korea, which is a policy that is widely supported across the House by so many people, yet actual delivery for the Canadian economy, for Canadian business has been delayed at a cost.
Again, I want to return to this number because it is not just about rhetoric. It has been at a cost of more than $1 billion. Let us think of how valuable those billion dollars could be if they were in the Canadian economy right now.
TPP is the big one. Even as we support the Korea deal and opening up of the Asian markets in this way, I want us to focus on that. I want us to be absolutely energetic, be leaders in those negotiations.
More general, it is absolutely essential that Canada be energetic, that Canada be in the lead when it comes to opening up those emerging markets about which the chamber of commerce spoke. I would like to pay particular attention to Africa.
Finally, yesterday was parliamentary elections in the Ukraine. The results look very promising for Ukrainian democracy and for Ukraine's move toward a pro-reform, pro-European attitude. We heard recently Ukrainian President Petro Poroshenko address the House and call for a free trade deal. Let us not be behind on that. Europe has already opened up its markets to Ukrainian goods. Let us do that, too.
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