September 1, 1972

LIB

Robert Knight Andras (Minister of Consumer and Corporate Affairs)

Liberal

Hon. Robert K. Andras (Minister of Consumer and Corporate Affairs):

Mr. Speaker, the answer is no.

Topic:   INCREASE IN COST OF FOOD-CONSULTATION WITH RETAILERS AND WHOLESALERS TO PREVENT FURTHER RISE
Permalink

INFLATION-INQUIRY AS TO INTRODUCTION OF PRICE AND WAGE CONTROLS

SC

David Réal Caouette

Social Credit

Mr. Real Caouette (Temiscamingue):

I would like to ask a supplementary question, Mr. Speaker.

Inquiries of the Ministry

Does the department intend to resort to the measures suggested by Mr. Young, namely a price and wage freeze?

Probably-

Topic:   INFLATION-INQUIRY AS TO INTRODUCTION OF PRICE AND WAGE CONTROLS
Permalink
IND

Lucien Lamoureux (Speaker of the House of Commons)

Independent

Mr. Speaker:

Order. I think the hon. member for Temiscamingue wants to ask another supplementary question.

Topic:   INFLATION-INQUIRY AS TO INTRODUCTION OF PRICE AND WAGE CONTROLS
Permalink
SC

David Réal Caouette

Social Credit

Mr. Caouette:

It is about the same question but I think the hon. minister did not understand the one I just asked.

Because of the present situation, does the hon. minister intend to resort to the measures suggested by Mr. Young, namely a price and wage freeze?

Topic:   INFLATION-INQUIRY AS TO INTRODUCTION OF PRICE AND WAGE CONTROLS
Permalink
LIB

Robert Knight Andras (Minister of Consumer and Corporate Affairs)

Liberal

Hon. Robert K. Andras (Minister of Consumer and Corporate Affairs):

Mr. Speaker, the answer is no, not at this time, but if such a decision were contemplated by the government I think it would be more properly announced by my colleague the Minister of Finance.

Topic:   INFLATION-INQUIRY AS TO INTRODUCTION OF PRICE AND WAGE CONTROLS
Permalink

INVESTIGATION OF INFLATIONARY FORCES

PC

Robert Lorne Stanfield (Leader of the Official Opposition)

Progressive Conservative

Hon. Robert L. Stanfield (Leader of the Opposition):

Mr. Speaker, I have a supplementary question with regard to the response of the minister that he is conducting investigations only for the purpose of determining whether there are possible violations of the combines act. Can we take it from this that the minister is not actively conducting any investigations relating to the rate of inflation and the inflationary forces that may be at work in the economy but rather is confining his attention solely to the anti-combines aspect?

Topic:   INVESTIGATION OF INFLATIONARY FORCES
Permalink
LIB

Robert Knight Andras (Minister of Consumer and Corporate Affairs)

Liberal

Hon. Robert K. Andras (Minister of Consumer and Corporate Affairs):

Mr. Speaker, the economic causes and effects of inflation and of increased prices would be more properly investigated by the Department of Finance, although we are interested in these matters from the consumer viewpoint and from the point of view of possible contravention of the combines act.

Topic:   INVESTIGATION OF INFLATIONARY FORCES
Permalink
PC

Robert Lorne Stanfield (Leader of the Official Opposition)

Progressive Conservative

Mr. Stanfield:

May I ask the Minister of Finance what precise steps he is taking with regard to surveillance of the inflationary factors in the economy? What research is going on under his authority, and in what manner is this research being carried out?

Topic:   INVESTIGATION OF INFLATIONARY FORCES
Permalink
LIB

John Napier Turner (Minister of Finance)

Liberal

Hon. John N. Turner (Minister of Finance):

Mr. Speaker, the Department of Finance is following the price situation on a daily basis. As I said yesterday to the House, the nucleus of the Prices and Incomes Commission that has been retained is also monitoring price movements here, in the United States and abroad. As I said yesterday, on the basis of the figures for the first seven months of this year the movement of prices in Canada compares favourably with that in any other country in the world including the United States.

Topic:   INVESTIGATION OF INFLATIONARY FORCES
Permalink
IND

Lucien Lamoureux (Speaker of the House of Commons)

Independent

Mr. Speaker:

Order, please. The Chair will recognize the Leader of the Opposition for a supplementary question, but I have to point out that we have not yet completed the first series of questions. After this supplementary question I think I should recognize the hon. member for Richmond.

September 1, 1972

Inquiries of the Ministry

Topic:   INVESTIGATION OF INFLATIONARY FORCES
Permalink
PC

Robert Lorne Stanfield (Leader of the Official Opposition)

Progressive Conservative

Mr. Stanfield:

Mr. Speaker, could the Minister of Finance inform the House precisely what the nucleus or rump of the Prices and Incomes Commission consists of, how many people it includes and, very briefly, what their roles are, because the complacency he has exhibited toward the recent price increases is not very reassuring?

Topic:   INVESTIGATION OF INFLATIONARY FORCES
Permalink
LIB

John Napier Turner (Minister of Finance)

Liberal

Mr. Turner (Ottawa-Carleton):

I deny any allegation of complacency. This government will act when it has to act.

Topic:   INVESTIGATION OF INFLATIONARY FORCES
Permalink
?

Some hon. Members:

Oh, oh!

Topic:   INVESTIGATION OF INFLATIONARY FORCES
Permalink
PC
?

An hon. Member:

That is very reassuring.

Topic:   INVESTIGATION OF INFLATIONARY FORCES
Permalink
LIB

John Napier Turner (Minister of Finance)

Liberal

Mr. Turner (Ottawa-Carleton):

On the basis of prices, the opinion of the government is that the present situation does not warrant price and wage controls. If the situation should develop where price rises were much more substantial and of a type amenable to general control measures, then of course that would be done. I say that the present situation does not warrant it. I say that the record of the cost of living in Canada compares favourably with that of any country in the world.

Topic:   INVESTIGATION OF INFLATIONARY FORCES
Permalink
PC

Robert Lorne Stanfield (Leader of the Official Opposition)

Progressive Conservative

Mr. Stanfield:

Who is in the nucleus of the commission?

Topic:   INVESTIGATION OF INFLATIONARY FORCES
Permalink
IND

Lucien Lamoureux (Speaker of the House of Commons)

Independent

Mr. Speaker:

Order please. I pointed out a moment ago that we should try to recognize a questioner on behalf of the party to my extreme left and to that end I will recognize the hon. member for Richmond.

Topic:   INVESTIGATION OF INFLATIONARY FORCES
Permalink

September 1, 1972