Discussion · Oral Questions
Carlos Leitão Liberal
“Canada is not in a recession. However, our economy is threatened by U.S. tariffs because we rely heavily on trade with them. We have a plan to deal with this.”
“Mr. Speaker, I will say it again: Canada is not in a recession. Statistics Canada has never said that we are in a recession. The financial markets will determine that. There is no cause for alarm. However, our economy is under threat. Our economy is directly affected by the tariffs. We are the only G7 country that borders the United States, and we are heavily dependent on trade with the United States. That is our problem, and we have a plan to address it.”
Official Hansard
Mr. Speaker, I will say it again: Canada is not in a recession. Statistics Canada has never said that we are in a recession. The financial markets will determine that. There is no cause for alarm. However, our economy is under threat. Our economy is directly affected by the tariffs. We are the only G7 country that borders the United States, and we are heavily dependent on trade with the United States. That is our problem, and we have a plan to address it.