Discussion · Government Orders
Elizabeth May Green
“The Liberals broke their promise and cut 2.7 billion dollars in aid to poor countries. Also, most of the 714 billion dollars in the Canada Pension Plan is invested outside our country, mostly in the United States. I want us to change the law so that money is invested here in Canada.”
“Mr. Speaker, my colleague from Hamilton East—Stoney Creek cited some relatively small amounts of money that have been sent overseas to the poorest of the poor. I do not know if he is aware that the Liberals broke their election platform promise to not cut foreign assistance, and they took another page out of the Conservatives’ platform by cutting $2.7 billion from overseas development assistance. Does my colleague agree that we should make sure that the Canadian pension plan, the over $714 billion that we have contributed over our working lives, is invested in Canada? The majority of it is not invested in Canada. A great deal is invested in the U.S. Should we not repatriate that with a change to the Canada Pension Plan Investment Board Act?”
Mr. Speaker, my colleague from Hamilton East—Stoney Creek cited some relatively small amounts of money that have been sent overseas to the poorest of the poor. I do not know if he is aware that the Liberals broke their election platform promise to not cut foreign assistance, and they took another page out of the Conservatives’ platform by cutting $2.7 billion from overseas development assistance. Does my colleague agree that we should make sure that the Canadian pension plan, the over $714 billion that we have contributed over our working lives, is invested in Canada? The majority of it is not invested in Canada. A great deal is invested in the U.S. Should we not repatriate that with a change to the Canada Pension Plan Investment Board Act?