During the pandemic, the federal government provided eight out of every ten dollars to support Canadians and Canadian businesses. In the midst of a once-in-a-century crisis, that was the right thing to do. It kept Canadians safe and solvent, kept Canadian businesses afloat, and supported the provinces and territories in preventing their health systems from being completely overwhelmed.
Today I hosted a provincial and territorial Finance Ministers’ meeting. This was a return to in-person meetings and it was helpful to get together and to see each other face-to-face. We had a very rich, wide-ranging conversation today working together on key priorities for Canadians.
Certainly from the federal government’s perspective, even as we face the big and important challenges of today—even as we recognize we need to meet the moment when it comes to building that clean economy, creating those Canadian jobs, and supporting our health care system—we recognize we’re doing it at a time of real fiscal constraints and when fiscal responsibility is important as well.
I am so happy to announce that parents in Ontario will see their child care fees reduced by 50 per cent on average by the end of this year. And Ontario is on track to see child care fees of just $10-a-day by March 2026.
I would like to begin by acknowledging that we are gathered on the traditional territories of many nations, including the Mississaugas of the Credit, the Anishnabeg, the Chippewa, the Haudenosaunee and the Wendat peoples.
Mr. Chair, it is my pleasure to appear before all of you to discuss Bill C-32—the Fall Economic Statement Implementation Act. I want to briefly outline some of the key measures in Bill C-32 that I hope Senators will support.
I would like to thank everyone who has taken the time to be here today to talk about how we can support Ukraine in its brave and hard fight to win this war, and in the absolutely essential work of rebuilding Ukraine after Ukraine’s victory.