Close X
Wednesday, November 6, 2024
ADVT 
National

Leaders talk affordability in push for votes

Darpan News Desk The Canadian Press, 15 Sep, 2021 09:45 AM
  • Leaders talk affordability in push for votes

The question of who will make life more affordable for Canadians hits the federal campaign trail as new figures show the pace of price increases is at its highest in two decades.

The country's headline inflation figure registered an annual increase of 4.1 per cent in August, fuelled by rising demand as more parts of the economy reopened amid supply-chain constraints for many goods.

NDP Leader Jagmeet Singh, speaking this morning in Essex, Ont., said he's concerned about inflation rates and that bringing down housing prices is one way to address it.

"The cost of owning a home has been going up and people's wages haven't, so it's getting harder and harder for people," he said.

In Halifax an hour later, Liberal Leader Justin Trudeau said the COVID-19 pandemic has disrupted the economy and jacked up prices, but that his platform zeros in on affordability with hefty housing and child-care measures.

"Everything we're doing is about creating affordability and opportunities for Canadians, whereas Mr. O'Toole and his housing plan is to give a half-billion-dollar tax break to wealthy landlords," he said, referencing the Tory pledge to create incentives for investors who inject money into rental housing by tweaking rules around capital gains taxes.

"His child-care plan is a tax break that doesn't create any spaces," Trudeau added.

Conservative Leader Erin O'Toole is spending his day in Quebec, but released a statement before his first public event saying planned deficits by the Liberals and New Democrats wouldn't help ease inflationary pressures.

“The numbers released today make it clear that under Justin Trudeau, Canadians are experiencing an affordability crisis,” O'Toole said in the release.

"We have a plan to get Mr. Trudeau’s spending under control. He never wants to get it under control," O'Toole said later in Jonquière, Que.

A Tory government would introduce more competition in the telecommunications market and tackle price fixing at grocery chains, he said.

The Conservative platform logs new spending at $52.5 billion over the next five years versus $78 billion under the Liberal platform over the same period. Neither intends to balance the budget within that window, though O'Toole says he aims to hit that goal in the next decade.

The national average home price is expected to reach $680,000 this year, up 20 per cent per cent from last year, according to the Canadian Real Estate Association.

The Liberals promise to build 1.4 million homes over four years while the Conservatives aim to construct a million homes in three years, with both parties pledging to raise barriers to foreign property buyers.

A poll conducted by Leger in collaboration with The Canadian Press indicated the Liberals and Tories are tied with the support of 32 per cent of decided voters ahead of the election on Monday, with the NDP at 20 per cent.

 

MORE National ARTICLES

Business leaders demand border reopening plan now

Business leaders demand border reopening plan now
Business leaders are calling on Ottawa to immediately lay out a comprehensive plan to reopen the economy and international borders along with a vaccine certification process.

Business leaders demand border reopening plan now

B.C. woman seriously hurt in traffic stop

B.C. woman seriously hurt in traffic stop
The Independent Investigations Office says an officer ordered the woman who was riding an electric scooter to pull over late Saturday.

B.C. woman seriously hurt in traffic stop

Province outlines stage 2 of the Restart Plan

Province outlines stage 2 of the Restart Plan
British Columbia is moving to Step 2 of the Restart plan as of June 15. BC ban on travel within BC will be lifted tomorrow. Province still asking people not to travel outside the province. Movie theatres will open tomorrow.

Province outlines stage 2 of the Restart Plan

Fallen officer mourned in rural Saskatchewan

Fallen officer mourned in rural Saskatchewan
Const. Shelby Patton, 26, died Saturday morning after he stopped a suspected stolen truck in the small town of Wolseley, Sask., east of Regina. He was hit by the truck while outside of his police vehicle, RCMP said.

Fallen officer mourned in rural Saskatchewan

Canada to receive 9.5M vaccine doses this week

Canada to receive 9.5M vaccine doses this week
The federal government says the Massachusetts-based pharmaceutical firm will deliver a total of 7.1 million jabs in two separate shipments this week.

Canada to receive 9.5M vaccine doses this week

Trudeau at NATO, then Canada-EU summit

Trudeau at NATO, then Canada-EU summit
Trudeau began his day by meeting with the president of Latvia, where the Canadian military is leading a NATO alliance battlegroup whose mission is to deter Russian aggression in the region.

Trudeau at NATO, then Canada-EU summit