I would like to start by pointing out that we have some good news regarding the economy. Now in October, inflation was at two per cent. For 10 months inflation was within the Bank of Canada’s target range. This is good news for all Canadians, for all the people who live in Toronto. Because of this, it is now possible for interest rates to come down.
| Canadian Radio-television and Telecommunications Commission
| speeches
That is why we are taking action to empower Canadians when it comes to Internet and cellphone services. Because ensuring that Canadians have the ability to make informed choices goes a long way to helping ensure a healthy, vibrant and competitive communications system.
It’s great to be here in the heart of such an important community, so close, to make some announcements that will really help middle class Canadians with the issue they are most worried about, and that is affordability.
I’d like to start by talking about the good news on inflation. Inflation was two per cent in October. That means for the past 10 months inflation in Canada has been within the Bank of Canada’s target range.
I’m going to start by talking about the Canadian economy, our tax break, our rebate for Canadian workers and an update on the Carbon Rebate for Small Businesses.
| Canadian Radio-television and Telecommunications Commission
| speeches
The topic of the conference, “The New Generation,” strikes a chord with me because it sums up the greatest challenge facing broadcasting today: preserving and renewing audiences.
The time has come for us to be decisive about pushing Russian oil out of the world market. That Russian oil is quite literally funding Putin’s war machine. We’ve taken significant steps to push that Russian oil out of the world market. Now, we need to move further and work harder. And I believe, Canada believes, that now is the moment to undertake that work with our allies. And I’m glad to be saying that to you here at UCC Alberta because Canada as an energy power, Alberta as an energy power, has a real voice and a real role to play in making it possible for us, as the G7, to really push Russian oil out of the global market.
