Speech on the Throne: Business Groups, Tories Ask for Inflation Plan

OTTAWA – The federal government is facing calls to use today’s speech on the throne to devise a plan to help cool inflationary pressures.

Speaking ahead of his inauguration speech this afternoon, Conservative financial critic Pierre Poilievre said the cost of living was being driven by the Liberal Party’s policies and spending plans.

He is calling on the government to cut emergency benefits for unemployed workers to push them to find available jobs and not spend $100 billion to stimulate demand.

Similarly, business groups are looking to the government to ease its spending plans, fearing that too much could fuel inflation and hinder an economic recovery.

Adding to the price pressures, tough global supply chains have been unable to keep up with rising consumer demand for goods, which has contributed to inflation hitting an 18-year high.

The Canadian Chamber of Commerce and Manufacturers and Exporters Canada have both said they are seeking the speech before the throne to plan to address supply chain issues.

This Canadian Press report was first published on November 23, 2021.


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