Tag Archives: Inflation

QP: We created two independent panels!

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Both the prime minister and his deputy were in the House together for the first QP in weeks, which is always nice to see. Pierre Poilievre led off in French, he asked if any public servants, security officials, or police inform the prime minister of Beijing’s alleged interference in elections. Justin Trudeau said that while security and police take foreign interference very seriously, he could assure Canadians that in the 2019 and 2021 elections, there was no foreign interference that could have changed any of the results in any significant way. Poilievre found the answer to be tricksy, and in English, wanted to know if there was any interference period. Trudeau pointed out that there is always some level of interference, be it cyber or disinformation, but they had assurances this was not an issue and that the elections were free and fair. Poilievre still was not satisfied, and asked again. Trudeau reiterated that they had the panel of top civil servants and national security who monitored both 2019 and 2021 and found no interference. Poilievre tried again, more slowly, if there were any briefings about alleged interference, period. Trudeau stated that he had no briefings, period, around foreign-funded candidates. Poilievre insisted this was a denial of an absurdity, and repeated yet again if he had any intelligence of any interference of any kind from Beijing during either election. Trudeau reiterated that the report from the non-partisan panel that there was no interference that impacted those elections.

Yves-François Blanchet led for the NDP, and raised that the RCMP was now investigating, and if democracy was at stake, the prime minister needed to know which alleged eleven candidates were in question. Trudeau repeated that all of the reports stated anything about any interference or funding directly or indirectly from China. Blanchet was not mollified and worried that Trudeau was somehow isolating China for the sake of grandstanding. Trudeau once again cited that China does try to interfere, which is why we work with allies to protect ourselves. 

Jagmeet Singh led for the NDP, and worried about conservative premiers trying to privatise healthcare, and demanded the prime minister do something about that. Trudeau noted that on some days the NDP demand he send more money to premiers and today he was telling them not to, but any future transfers would be subject to the Canada Health Act. Singh switched to French and sounded concern about Quebec hospitals in particular, and Trudeau reiterated that they were working with provinces to deliver “real results.”

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QP: Being happy-clappy about dental care

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While the PM was off at James Smith Cree Nation today, his deputy was present for the first time in a week. Pierre Poilievre led off in French, and he misquoted Tiff Macklem’s testimony at committee about the relationship between government deficits and inflation, and tried to wedge this into his facile narrative about blaming the government for it, and demanded the government reverse their deficits. Chrystia Freeland responded with the good news that this week, Canadians can start applying for the new dental claim benefit for children under twelve. Poilivre repeated his mendacious Macklem misquote and added in a quote from an insurance company that says they won’t accept heat pumps as primary sources of heat because they can’t be counted on to not freeze pipes, and demanded the government cancel their plan to “triple” the carbon price (which is not tripling). Freeland responded with her happy-clappy good news talking point about dental care, which was not the question, and then added in the country’s Aaa credit rating. Poilievre then worried about Canadians not being able to heat their homes in the winter and again demanded the government cancel the carbon price (which won’t do anything for affordability because the increases largely have to do with the world price of oil). Jonathan Wilkinson got up this time to note their affordability measures like doubling the GST credit, and pointed out that in spite of what the Conservatives say, the carbon price rebates benefit eight out of ten families and the Conservatives campaigned on a carbon price themselves. Poilievre then misquoted the PBO’s report on carbon prices, dropped his “triple, triple, triple” ear worm, and demanded the government cancel their planned carbon price increases. This time, Sean Fraser got up to declare that Poilievre’s questions were irrational, with his newfound opposition to heat pumps, when they are important to people who live in his part of the country, and pointed out that the cost of inaction is too great to ignore. Poilievre then pivoted to the recently announced Indo-Pacific Strategy, and a statement about challenging China for their abusive behaviours, and raised the wave of protests around that country, and he demanded that the government tell Beijing to let the protests go ahead. Maninder Sidhu got up to read a script about following the events closely, and that protesters should be able to do so peacefully.

Claude DeBellefeuille led for the Bloc, and she worried about the allegations of Chinese interference in the 2019 election, and in the absences of something more concrete from the government, wondered if the Global a news story was “fake news.” Marco Mendincino stood up to reminder her that they had an independent panel in both elections that declared that there was no interference. DeBellefeuille used this as an opportunity to make the case for a return to the per-vote subsidy as “protection” against this kind of interference, and this time Dominic LeBlanc got up to reiterate the same points.

Rachel Blaney for the NDP, and blamed Loblaws for rising food prices and demanded they pay their “fair share.” Freeland recited her well-worn talking points about corporations paying more in taxes, their Recovery Dividend, and their luxury taxes. Daniel Blaikie took over in French to repeat the same question, and Freeland recited the French version of her same talking points.

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Roundup: More Macklem misquotes

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I’m going to revisit more of Tiff Macklem’s appearance at the Commons finance committee, because things he said were being taken wildly out of context in Question Period yesterday, and we all have an obligation to call out egregious bullshit when we hear it. For example, when Macklem admits that stimulus may have been applied for too long, nobody knew if it was safe to withdraw it yet and they were operating on best guesses and advice from observers, and more to the point, the Bank was also engaged in forward guidance, and they needed  a cycle to wind that back before raising rates, otherwise they risked damaging their reputation as doing what they way they’re going to. This is a very important consideration for a central bank. As well, the questions about the level of spending during the height of the pandemic and whether that led to more inflationary stimulus ignores that it was impossible to better target supports like CERB because the government and its IT structure had no real ability to do that. That’s why the used the CRA’s system to kludge together CERB as quickly as they did—there wasn’t an ability to be more targeted (even though it was temporary). Trying to elicit quotes to blame the government for inflation is both cheap and intellectually dishonest, but that’s pretty much par for the course these days.

Meanwhile, former governor Stephen Poloz told an audience at Western that the economy is much more sensitive to interest rate hikes than it was ten years ago, so we should start seeing inflation start to fall shortly, but he also stated that it will only get part of the job done, so other policy action will be needed to get inflation back to its target zone. This said, Poloz also says that it’s impossible to say if rates were hiked too much over a short period, because as we should know by now, inflation can move about 18 months later than the rate changes happens, so stay tuned.

Ukraine Dispatch, Day 275:

As Russian bombing of critical infrastructure continue, people in Kyiv are collecting rainwater to survive, while Kherson is facing renewed attacks. Russia is openly admitting to these attacks now, claiming it’s about disrupting military command and control and stopping the flow of ammunition, never mind that they’re openly admitting to war crimes as they do.

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QP: Directly quoting selectively from the PBO

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The prime minister was present once again, while his deputy was busy testifying at the public inquiry. Pierre Poilievre led off in French, and he worried about deficits causing inflation (which they’re not), and demanded a course correction. Justin Trudeau reminded him that they were there for Canadians during the pandemic in order to ensure it was less severe than other places on the world, and that our economy bounced back faster, and insisted that the Conservatives only want to cut. Poilievre switched to English to denounce alleged comments from Seamus O’Regan, and demanded they cut the carbon price. Trudeau dismissed the concern as twisting the words of minister, and pointed to the PBO report on the carbon price and how it helps eight out of ten families. Poilievre picked up that report and cited several numbers out of context to “prove” his talking points. Trudeau, looking rather pleased, insisted that Poilievre did not look at the section about the rebates, and called him out about not caring about climate change. Poilievre insisted that the rebates were “tiny” and didn’t cover costs—and was called out by the Speaker for using the report as a prop—and Poilievre went on a tear about how the price is ineffective and hurts people. Trudeau disputed that the rebates were tiny, and noted the other benefits they have delivered, noting that Poilievre is only playing rhetorical games. Poilievre tried to bring up the cost of the hotel for the Queen’s funeral and insisted that the report proved that people are being hit hard. Trudeau countered that the report shows that the rebates compensate most families more than they pay, because fighting climate change is important while Poilievre only wants to nickel-and-dime them.

Alain Therrien led for the Bloc, and he returned to the alleged contradictions in the reports about the Xi Jinping confrontation and demanded a return to the per-vote subsidy to prevent foreign funding. Trudeau clapped back that the Bloc only want the subsidy because they can’t raise money on their own. Therrien was incensed, and insisted that China was exploiting this vulnerability, and Trudeau countered that political financing is robust and transparent, and pointed out that the media are invited to his fundraising events, and encouraged other parties to do the same.

Jagmeet Singh rose for the NDP, and decried the crisis in emergency rooms and demanded the federal government show up. Trudeau took exception to the insinuation he doesn’t care about children, and pointed out that they have transferred billions to provinces and are sitting down with provinces. Singh switched to French to repeat the question and got the same response.

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QP: A lacklustre showdown on Chinese interference allegations

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The prime minister was present for the first time in over a week, but curiously, not every leader was. Pierre Poilievre led off in French, as he usually does, and he quoted the prime minister in saying that state actors from elsewhere act aggressively toward our institutions and democracy, and he wondered what kinds of aggressive games they are playing. Trudeau said that whether it’s Russian disinformation on Ukraine, or Chinese interference in the diaspora or the media, or the Iranian government putting pressure on Canadians of Iranian origin, they always remain vigilance. Poilievre switched to English to wonder if the prime minister was briefed on any Chinese interference activities in the country. Trudeau remarked that he is regularly briefed by intelligence and security experts on threats to Canada, whether it’s cyber threats or interference in diaspora communities or online disinformation, there are a range of threats out there that our security agencies are vigilant against. Poilievre wondered what specific interference was referring to when he raised concerns with Xi Jinping, and Trudeau said that there are consistent engagements by Chinese officials into Canadian communities, such as the reports on the illicit “police station,” which they continue to be concerned about. Poilievre then changed topics to the carbon price, worrying about heating costs doubling in some communities and deployed his “triple, triple, triple” ear worm, concern trolled that the implementation of the federal price in three more Atlantic provinces was just delaying damage, and demanded the price be scrapped entirely. Trudeau reminded him that the price returns more money to most households, so it not only took climate action but it helped them as well, then called out the misinformation and disinformation that was being spread. Poilievre insisted that the PBO—whom he pointed out that the PM appointed—indicated otherwise (he didn’t), and demanded it be scrapped. Trudeau countered that the PBO did indeed prove that most households get more money back,  and decried the disinformation. 

Alain Therrien led for the Bloc, and he returned to the allegations of Chinese interference in elections, and wanted clarity and the names of those allegedly funded. Trudeau took a script to insist that they had a non-partisan committee to assess threats to electoral integrity and they established that there was no compromise in either 2019 or 2021, as well as the Chief Electoral Officer didn’t see any interference, and he worried about creating false concerns. Therrien insisted he was confused, and wondered if the PM went after Xi Jinping on the basis of a newspaper article alone, and Trudeau insisted that every briefing that he has had about security or intelligence and those monitoring elections, that the integrity of elections were not called into question.

Jagmeet Singh got up, and in French, made up an allegation that wages were being blamed for inflation (they’re not), and demanded that corporate greed be tackled. Trudeau recited the well-worn talking points about raising taxes on the one percent and lowering them on the Middle Class™, stopped sending child benefit cheques to millionaires, and they raised corporate taxes and instituted their recovery dividend. Singh switched to English to decry rising interest rates, insisted that he was respecting the Bank of Canada but demanded the government do more about inflation using fiscal policy instead of monetary policy (which was entirely economically illiterate). Trudeau recited that they stepped up with supports like the doubled GST credit, the rental supports, or dental care for children (as Peter Julian kept shouting “Thanks to the NDP!”)

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QP: Concern about Atlantic Canada’s incoming federal carbon price

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Though the prime minister was in town, while his deputy was not, neither were present in QP, either in person or virtually. Pierre Poileivre led off in French, and he led off with a complete misquote about what the prime minister said about interest rates, blamed the government for the Bank of Canada’s rate hikes, and demand the government stop its so-called “inflationary policies” that he said were pushing people to bankruptcy. Randy Boissonnault noted that there is an affordability crisis world-wide, which was why the government has a plan, and exhorted the Conservatives to support the budget bill when it was up for a vote after QP. Poilievre switched to English to decry that three Atlantic Canadian provinces will be subject to the federal carbon price backstop on July 1st, insisted that 40 percent of them are already living in energy poverty, and deployed his “triple, triple, triple” ear worm to demand that the government scrap its carbon price. Steven Guilbeault noted that there is no increase in carbon prices before July 1st, not during the winter, and that those three provinces will start receiving their climate rebates before that happened. Poilievre declared that the carbon price hasn’t worked because no province that has imposed it has met their targets (not entirely true), lamented the low ranking of our climate action, falsely claimed that 60 percent of people pay more in carbon prices than they get back, and again demanded the price be scrapped. Guilbeault recited that it was a fact that eight of ten households will get more back than they pay, and demanded the Conservatives release their own climate plan. Andrew Scheer got up to take over, and repeated same list of the falsehoods about the carbon price, demanded the government accept the science, and dropped the “not an environmental plan but a tax plan” point (take a drink!) Guilbeault got up to poke back, citing that the Conservatives don’t believe in science, and offered up the proof that when they were in government, their minister of science didn’t even believe in evolution, and it was a fact that emissions did decline in 2019 and 2020. Scheer stood back up and got breathier as he listed a number of false talking points about the carbon price and the environmental record of the government, and decried that three more provinces would be subjected to the federal price. Guilbeault recited that they have a great climate plan, unlike the Conservatives, because they had to play catch-up after ten years of Conservative inaction.

Alain Therrien led for the Bloc, and he accused the government of being reckless with their response to the news reports about alleged foreign interference in the 2019 election from China. Pam Damoff got up and read that the talking points about this being a serious issue and they ensured the election was free and fair. Therrien insisted that the issue was not the integrity of that election, it was the lack of transparency from the government on this. Damoff read that they established the independent panel and insisted that they have their eyes wide open, which is why they passed laws to close loopholes on foreign funding.

Alexandre Boulerice rose for the NDP, and he recited the party’s angry talking points about grocery chain CEOs. Randy Boissonnault recited that the issue of food price inflation is global but they have tasked the Competition Bureau with ensuring there was no price gouging. Blake Desjarlais took over in English to cite the reports that Loblaws was firing the unionised workers in their Edmonton warehouse—which is not a federal issue—and Andy Fillmore repeated Boissonnault’s talking points in English. 

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QP: Claims that carbon prices are the problem

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While the prime minster returned from his trip abroad in the wee hours, neither he nor his deputy were present for QP today. Pierre Poilievre led off in French, and he lamented that Canada is 58 out of 63 countries when it comes to reducing GHG emissions, that the current government has missed every emissions reduction target (not really true and the government Poilievre was a member of sabotaged any effort at reductions), then complained that the government was carrying on with their plan to “triple” the carbon price (it triples by 2030), and demanded a better way to fight climate change. Jonathan Wilkinson reminded him that Canada has one of the most detailed plans to fight climate change and that we will hit our targets to reduce emissions by 2030, while still ensuring that life is affordable. Poilievre switched to English to repeat his needling, and dismissed the carbon price as a “tax” that is being “triple, triple, tripled” (it’s not a tax and it’s not tripling anytime soon), and demanded the government get rid of the price. Wilkinson repeated that they have made enormous progress, started from a place where the Conservatives spent a decade doing nothing. After the Speaker interrupted and gently chided MPs to stop shouting, Wilkinson started his answer over again, ending on his reminder that eight out of ten people get more money back than they pay in carbon prices, and raised the announcement made earlier in the morning to help more people transition to heat pumps. Poilievre falsely claimed that by focusing on technology and not “taxes” that the Conservatives reduced emissions (blatantly untrue, unless he is referring to emissions intensity in the oil sands, which didn’t see the intensity reductions that they like to claim), and then repeated his claim that the carbon price is the real problem. Wilkinson needled Poilievre in return, saying that his lament about taxes is ironic considering that Poilievre spent his entire working life being paid by the taxpayer where as Wilkinson spent twenty years in the clean tech sector, and then stated that the carbon price is not the whole climate plan, it’s part of a plan that also includes regulation and investment, and ended that fighting climate change can generate prosperity if you know what you’re doing. Poilievre got back up to repeat his same talking points about missed targets and was concerned about Atlantic Canadians facing a doubled heating bill (which has precious little to do with carbon prices), and Lawrence MacAulay stood up, somewhat surprisingly, to decry that they had a prime example of climate devastation with Hurricane Fiona, and that they need to continue to address climate change like the government is doing. Poilievre fell back on the canard that the carbon price has failed to reduce emissions, and dismissed the plan to help people transition to heat pumps. This time Ginette Petitpas Taylor got up, and was “stunned” by the comments from the other side, given that she saw the devastation of Hurricane Fiona, pointed to a school in PEI whose roof was blown off completely, which is why the government has a plan.

Alain Therrien led for the Bloc, and he worried about the confrontation with Xi Jinping and the allegations of Chinese interference in the 2019 election and the fact that the prime minister later said he wasn’t briefed on the matter, insinuating that the prime minister wasn’t honest with the media about the briefing. Marco Mendicino said that they had independent panels who determined there was no foreign interference, and they already passed interference legislation. Therrien worried that the confrontation was diplomatic incompetence or that the government is hiding something and wondered which it was. Mendicino praised national security agencies for their work and wanted support for their cyber-security legislation. 

Peter Julian rose for the NDP, and in French, he drained about corporate profits and accused the government of blaming workers’ wages instead of corporate greed for inflation (which is nonsense). Randy Boissonneault listed ways that the government is making big businesses pay their fair share. Heather McPherson repeated the question in English, and Andy Fillmore read the English response of the same response.

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QP: Oops, wrong script

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The prime minister was in Bangkok for the APEC summit, while his deputy was present for a fourth showdown with Pierre Poilievre in a row. Poilievre led off in French, he raised the story that CSIS warned the prime minister ten months ago of attempted Chinese interference in the 2019 election, and switched to English to repeat the allegation and wondered if this was raised with the Chief Electoral Officer. In French, Chrystia Freeland says they know that there are dictators trying to undermine democracies, and she had experience with the Soviet Union so she has no illusions, and that national security agencies are monitoring threats. Poilievre then raised the COP27 conference, trotted out his tired line that the government doesn’t have a climate plan but a tax plan (*drink!*) and given that a report ranks Canada out of 63 countries on their climate performance, then recited his “triple, triple, triple” ear worm, and demanded the government cancel the carbon price and come up with a “real” climate plan (and it’s hard to believe that he didn’t choke on number the utter disingenuous things said in those thirty seconds). Freeland said that Canadians know that the Conservatives don’t have a plan to tackle climate change, which means he doesn’t have a plan to grow the economy, because our trading partners are all taking serious climate action, and then pointed to the investments in the green transition. Poilievre insisted that those allies and trading partners have better climate performance while Canada is merely raising “taxes” on heating that people need (never mind that the world price of oil has more to do with those increases than carbon pricing). Freeland responded that putting a price on carbon is the most effective way to fight climate change, and that Preston Manning recognised this, and that the carbon price is revenue neutral. Poilievre disputed the revenue neutrality based on a false reading of a PBO report and demanded the government waive carbon prices to make LNG plants economical, and Freeland noted that they recognise that LNG is an important transition fuel, but all projects need to pass assessments and get First Nations approval. Poilievre insisted that the former government had a real environmental assssment plan (they didn’t), and that these projects give benefits to First Nations and quoted a single Indigenous grandmother to prove his point. Freeland responded with an anecdote from a crypto bro who said that central banks are slavery and need to be burned down and that Poilievre appeared on his YouTube channel to say that he had good ideas, and she wanted an apology for that.

Yves-François Blanchet led for the Bloc, and he lamented that provinces weren’t getting enough healthcare dollars from the federal government, and Freeland told him she just spoke with Quebec’s finance minister and pointed out how much higher transfers are this year. Blanchet insisted that the federal government doesn’t have any expertise and just demanded money, and Freeland repeated that the transfer increased 4.2 percent this year, plus other funds to help with delays and diagnoses.

Peter Julian led for the NDP, and in French, he decried wait times in ERs, as though this was something the federal government has any control over. Freeland reiterated that they are increasing transfers to provinces already this year, and that the increasing funding must come with results. Lindsay Mathyssen repeated the concern in English, but with a London, Ontario, spin and Freeland repeated her response.

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Roundup: A scolding from Xi Jinping

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Much of the conversation yesterday was about a piece of video was captured at the G20 meeting in Bali, where on the sidelines, we saw Xi Jinping scolding Trudeau for “leaking” their conversation to the press, except there was no “leak.” It was a bog-standard readout like is sent out after any conversation with a foreign leader, with its vague wording and fairly inscrutable pabulum. And Trudeau told him as much about Canada believing in “free and open and frank dialogue.” Xi, however, put on a show of scolding, which some have said was more about saving face than anything. Nevertheless, this became something of a Rorschach test, based on your feelings about Trudeau—if you like him, he’s standing firm in the face of Xi, but if you don’t, he’s either looking chastened, or weak, or that Xi is taking Trudeau down a peg. It’s both fascinating and crashingly dull that these same narratives keep getting trotted out time and again.

https://twitter.com/Dennismolin11/status/1592905231427592193

https://twitter.com/acoyne/status/1593073811481853952

Ukraine Dispatch, Day 267:

Russian attacks in the east of Ukraine intensified as they were reinforced with troops fleeing from Kherson, as Ukrainian cities were working to restore power after the missile attacks earlier in the week. It also looks more likely that the missiles that struck Poland were Ukrainian anti-missile missiles, which still leaves Russia culpable, given that they fired some 100 cruise missiles at civilian targets in the first place. Meanwhile, two Canadian companies that produce electrical transmission towers are looking to assist Ukraine by offering their emergency replacement pylons to local companies.

https://twitter.com/ZelenskyyUa/status/1592980519997751297

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QP: Theatrical accusations of breaking Canada

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With the PM still in Bali, his deputy was present, though it was unlikely that she was going to take on the usual proto-PMQ practice of the PM taking every Wednesday question. Pierre Poilievre led off in French, and he wondered why children in other countries could get access to pain medications but not Canada, and accused the government of inaction when there were warning signs in April. Freeland said that as a mother she understood the stress that families were going through, which was why the government announced a supply of additional medications from abroad. Poilievre repeated the question in English, with the added question of what date the Cabinet was aware of the shortages, but Freeland repeated her same response in her slow and deliberate style as she read the script in front of her. Poilievre turns back to French, somewhat unusually, and raised the inflation numbers that were released earlier, and blamed it on the so-called “triple, triple, triple” carbon price, which is of course not accurate. Freeland started off in English, saying that the only thing that has tripled was our Aaa credit rating, before switching to French to note how inflation stabilised. Poilievre was back in English to be dismissive, noted that heating oil costs were up over 70 percent in Newfoundland and Labrador, and gave his usual demands. Freeland noted that the people who are broke are those who followed Poilievre’s advice about crypto. Poilievre spouted a bunch of nonsense about the threat of deflation (which was real, which could have spiralled into a depression), and made some jibes about Disney+. Freeland responded that Poilievre lives in a nineteen-room mansion with a chef and a driver, and that while this is fine for the leader of the opposition, he was irresponsible in advising people to invest in crypto. 

Alain Therrien led for the Bloc, raised the federal debt position relative to the provinces, and demanded higher transfers to provinces. Freeland noted that transfers had increased by 4.8 this year, and that any other increased funding must come with accountability. Therrien insisted that people were suffering and blamed the federal government for under-funding the system, and Freeland agreed that there were real challenges in the system, and that Quebec got $10.1 billion this year, which was the 4.8 percent increase.

Peter Julian rose for the NDP in French, and denounced grocery CEOs and the Bank of Canada while demanding those grocery chains pay more taxes. Freeland read the approved lines about increasing corporate taxes, the recovery dividend, and luxury taxes. Daniel Blaikie took over in English to demand government intervention in the way of windfall taxes, and Freeland repeated the same points in English.

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