Discussion · Oral Questions
Sandra Cobena Conservative
“Canada is in a recession, and banks predict very low economic growth this year. People are losing jobs and businesses, and many cannot afford their mortgages. Will the Prime Minister admit this recession is real?”
“Mr. Speaker, if denial could grow the economy, we would certainly be leading in the G20. Canada is in a recession. Scotiabank has forecast growth of just 0.8% and BMO 0.5% for this year. The Bank of Canada warns that one in 10 homeowners in Toronto might not be able to renew their mortgage. While the Liberals may try to dismiss this recession, Canadians cannot ignore losing their jobs and businesses or delaying retirement. Will the Prime Minister acknowledge these recessionary conditions Canadians are facing are real, or are those just technicalities too?”
Official Hansard
Mr. Speaker, if denial could grow the economy, we would certainly be leading in the G20. Canada is in a recession. Scotiabank has forecast growth of just 0.8% and BMO 0.5% for this year. The Bank of Canada warns that one in 10 homeowners in Toronto might not be able to renew their mortgage. While the Liberals may try to dismiss this recession, Canadians cannot ignore losing their jobs and businesses or delaying retirement. Will the Prime Minister acknowledge these recessionary conditions Canadians are facing are real, or are those just technicalities too?