Mr. Speaker, I would like to talk about our objectives as the official opposition and as the future government.
Our goals are very clear: stronger take-home pay with affordable food and homes, safer streets by locking up the criminals Liberals turned loose, secure borders by fixing the broken Liberal immigration system, and a self-reliant Canada by unlocking the power of our resources, industry and entrepreneurs, but first among all these is that we must be able to feed our people.
Conservatives believe that everyone, including our families, seniors and workers, deserves nutritious, delicious, affordable food on their table: meat and potatoes night after night, not as a once-in-a-while treat. They should not feel stress and anxiety as they walk down grocery aisles. In fact, they should be looking at the items they cannot wait to bring home and transform into the next delicious family meal, rather than looking at the price tag and wondering whether it will empty their bank account. They should have a full fridge, a full stomach and a full bank account, all at the same time. That used to be what we took for granted in Canada.
After 10 years of Liberal inflation, the cost of food is up over 40%. In fact, since the current Prime Minister took office, promising that he could be judged by the price of food, food prices have been rising 50% faster in Canada than in the United States. The Daily Bread Food Bank says that this year, Toronto alone will have four million visits to the food bank. That is double what it was two years ago, meaning it is worse than it was under Justin Trudeau.
The average family of four is expected to spend almost $17,000 on food this year. That is up well over $800 over the previous year. This is at a time when wages are flat and joblessness is skyrocketing. One hundred thousand more people lost their job this summer under the Prime Minister's high tax, low-growth policy, which has given us the fastest-shrinking economy in the G7. Meanwhile, jobless people are walking down grocery aisles and seeing that beef is up 33%; canned soup, 26% grapes, 24%; roasted and ground coffee, 22%; and beef stewing cuts, 22%.
Food costs should be dropping in this country, because the amount of fertilizer, fuel, water and labour that goes into producing food has dropped dramatically. The average dairy cow can produce four times as much milk as 50 years ago, and the average acre can produce four times as much corn.
All the costs of producing food are dropping, but the price of buying food is going up. What explains the difference? For part of that, we will have to wait to hear from the member for Chatham-Kent—Leamington, a very esteemed colleague with whom I will be splitting my time. I can guarantee that he will tell us that part of it is the cost of government, which, again, is the biggest cost contributor, and it has been rising under the Liberal government.
The Prime Minister has three main grocery taxes, all of which he has been raising. First, there is the industrial carbon tax on fertilizer and on farm equipment. That tax increases costs right up through the food chain; it is a tax the Prime Minister intends to more than triple if, God forbid, he stays in power until 2030. Then there is the fuel standard tax, a 17-cent-a-litre tax that the government is imposing that would apply to diesel and gasoline, replacing the carbon tax fuel charge that was in place up until I forced the government to remove it just a few months ago.
I warned that the Liberal government would simply bring in a new carbon tax if given the chance, and that is exactly what it is doing. That will, of course, raise costs. This one is worse, though, because unlike the previous fuel charge, which exempted tractors, combines and other on-farm use, it will apply to the fuel that goes right into the combine, the seeder, the planter and the tractor at the farm gate. It will be even worse for food prices than the previous tax was.
Then there is the inflation tax itself: the most immoral, destructive tax there is and the sneakiest tax. The inflation tax happens when the government prints money to pay its bills, ultimately bidding up the cost of everything Canadians buy. If we have an economy with 10 loaves of bread and $10, it is a buck a loaf; if we double the number of dollars to 20, but we still have only 10 loaves of bread, each bread purchase goes up by 100%. It doubles in price, and that is what we call the inflation tax.
The Prime Minister is familiar with it. He caused the inflation and housing crisis in Great Britain, where he was a disastrous and now totally despised Bank of England governor. He will hopefully be apologizing to the British people for the economic hell he left behind in that role, but instead he is bringing that hell here to Canada.
Today we learned that the Prime Minister is even more expensive than Justin Trudeau. Who would have thought it possible? The deficit for this year, according to the Parliamentary Budget Officer, will be two-thirds higher than the one Trudeau left behind. Over the next five years, the deficits will add up to $314 billion, more than double the deficits that Trudeau was expected to add over that period of time. In other words, he is borrowing at twice the rate of Justin Trudeau, which will be more expensive. Of course, much of that money will be printed.
Already, the Bank of Canada is signalling that it is again doing away with its main mandate, which is to fight inflation. They have taken that mandate off the main web page, where they used to describe their mission as low and stable inflation, and they have replaced it with a grand pronouncement that they are not just any bank, they are “the Central Bank”. What they really mean is that they are going back to printing money to pay for a Prime Minister who cannot control himself.
Every dollar the Liberal Prime Minister spends comes out of the pockets of Canadians in direct taxes or inflation taxes.