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Conservative motion declaring ‘affordability crisis’ defeated in Parliament

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A Conservative motion to declare that Canada is an affordability crisis was defeated in the House of Commons on Tuesday.

The motion, brought by Conservative Leader Pierre Poilievre, came up for a vote shortly after question period ended on the floor of the House of Commons on Tuesday.

With 153 in favour and 165 against, the motion failed to clear the floor of the House of Commons.

The opposition motion called on the House of Commons to “officially recognize that: (a) the Liberals have been in power for 11 years; and (b) Canada is in an affordability crisis.”

Conservatives said in a statement after the vote that they would continue to push for an extension of the federal fuel tax holiday until Canada Day 2027 and the removal of the GST from gas and diesel, among other measures.

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“Canadians need relief and Conservatives will fight to save Canadians their money, save jobs, reduce immigration and put Canadians first,” Conservative MP Sandra Cobena said.

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Business Matters: Canadians could face higher borrowing costs this year

Canada’s annual inflation rate rose to 3.1 per cent in September as war in the Middle East continued to drive up gasoline prices, but economists say easing core inflation suggests higher energy costs have yet to spread widely throughout the economy.

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Statistics Canada released the latest consumer price index report on Monday, which said the acceleration in headline inflation was led by a 27.8 per cent spike in gasoline prices last month compared with a year earlier, despite the switch to the less expensive winter gas blend.

Excluding gasoline, however, consumer prices increased 2.2 per cent year-over-year in September after a 2.4 per cent rise in August.

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–With files from Canadian Press

Click to play video: 'Business Matters: Inflation rate rises to 3.1% in September'
Business Matters: Inflation rate rises to 3.1% in September

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