The Economy

Question period dealt with the economy, specifically the impact of the revised U.S. tariff schedule on Canadian and Quebec businesses. Bloc Québécois members said the government’s newly announced measures amount to loans, not direct cash, and that small and medium-sized businesses facing tariff-driven losses need immediate cash flow support to survive and keep workers. Liberal ministers Mélanie Joly and Dominic LeBlanc pointed to $1.5 billion announced that day to help business cash flow, including loans with no interest in the first year and low rates after, said business groups such as the Fédération des chambres de commerce du Québec support the measures, and said more help would come if needed.Written by AI from the debate. Updated .

Official text (opens in a new tab)

3 statements

Christine Normandin, Saint-Jean

Bloc Québécois
“The government's new plan will not help small businesses hit by U.S. tariffs. Businesses are already in debt and need direct cash to survive, not more loans. Will the government make a better plan?”
Official Hansard

Mr. Speaker, the Liberals have obviously understood that overlooking our businesses and the tariff crisis as they did in their economic update was outrageous. Unfortunately, today’s announcement seems improvised. It will not help the SMEs hardest hit by the revised U.S. tariff schedule. All businesses are saying the same thing: They do not want more loans; they are already in debt. In the very, very near future, in addition to assistance with modernization, they will need cash most of all to survive. This is a first step, but will the government confirm that it is not going to stop there and that it will immediately get back to the drawing board?

Christine Normandin, Saint-Jean

Bloc Québécois
“Businesses are at risk of closing. They need cash right now to pay their daily bills and help with wages so they do not lay off workers. When will the government help them?”
Official Hansard

Mr. Speaker, we will work together on the first step. However, to quote the Fédération des chambres de commerce du Québec, “For businesses whose survival is currently in jeopardy, this is not enough. They need to have the cash flow necessary to maintain their day-to-day operations, not take on more debt or make investments that will only benefit them in the medium to long term.” We repeat: Immediate assistance and a wage subsidy are needed to prevent layoffs. When will the government finally do something?

Gabriel Ste-Marie, Joliette—Manawan

Bloc Québécois
“New American trade taxes are hurting Quebec manufacturers, especially small businesses that risk shutting down right now. Today's government announcement ignores them. I want the government to change its plan and help them immediately.”
Official Hansard

Mr. Speaker, the revised U.S. tariff schedule in effect since April 6 is a disaster for Quebec’s manufacturing industry. The Desjardins Group reports that a quarter of all Quebec exports to the United States are now subject to tariffs. We are talking about a 60% increase overnight. Moreover, it is our small and medium-sized businesses that are being hit. Today’s announcement ignores the businesses that are most at risk. They cannot take on more debt to modernize in the medium term when they are at risk of shutting down right now. They need help today. Will the government change course?

Discussion

No comments yet

See the full discussion

Comment rules

More from sitting 116

  1. Government Orders Military Justice System Modernization Act 35 statements
  2. Private Members' Business Criminal Code 13 statements
  3. Government Orders Government Orders 8 statements
  4. Oral Questions Finance 4 statements
  5. Oral Questions Natural Resources 4 statements
  6. Oral Questions Finance 4 statements
  7. Oral Questions The Economy 6 statements
  8. Oral Questions Finance 4 statements
  9. Oral Questions Natural Resources 4 statements
  10. Oral Questions Taxation 4 statements
  11. Oral Questions Finance 2 statements
  12. Oral Questions Public Services and Procurement 4 statements
  13. Oral Questions Finance 4 statements
  14. Oral Questions The Economy 4 statements
  15. Oral Questions Finance 2 statements
  16. Oral Questions Veterans 2 statements
  17. Oral Questions Natural Resources 7 statements
  18. Oral Questions Immigration, Refugees and Citizenship 10 statements
  19. Oral Questions Emergency Management 2 statements
  20. Oral Questions Indigenous Affairs 6 statements
  21. Oral Questions Northern Affairs 2 statements
  22. Oral Questions Indigenous Affairs 3 statements
  23. Oral Questions The Economy 5 statements
  24. Government Orders Report Stage 86 statements
  25. Adjournment Proceedings Adjournment Proceedings 4 statements
  26. Adjournment Proceedings Adjournment Proceedings 4 statements
  27. Adjournment Proceedings Adjournment Proceedings 4 statements