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The Economy

During members’ statements on the economy, Chak Au of the Conservatives said Canada had entered a recession, with two straight quarters of economic contraction, making it the only G7 country in that position. He attributed this to the Prime Minister and the Liberals, citing carbon taxes, blocked development, and doubled deficits, and said Conservatives would cut taxes, end anti-development laws, and control spending.Written by AI from the debate. Updated .

Official text

1 statement

Chak Au

Conservative
“Canada's economy shrank for two quarters in a row, making it the only G7 country in a recession. I blame the Prime Minister for raising carbon taxes, blocking development, and doubling deficits. The Liberals must change course. Conservatives would cut taxes, stop antidevelopment laws, and control spending.”

  • A repeated line

    “Canada is the only G20 country in a recession.”

    Said 104 times by 61 members since May 29.

    Every time it was said
Official Hansard

Mr. Speaker, this morning, we learned that Canada is now the only G7 country in a recession. Our economy contracted both in the last quarter of 2025 and in the first quarter of 2026, which is two straight quarters of negative growth. This happened because the Liberal Prime Minister raised industrial carbon taxes, kept antidevelopment laws in place and doubled Justin Trudeau’s deficits. Every other G7 country faces the same tariffs and global challenges, yet none are in a recession. It is only Canada. The Prime Minister is now the only G7 leader to push his country into recession. The Conservatives would cut taxes, repeal antidevelopment laws, control spending and restore growth and investment to Canada’s economy. It is time for the Liberals to realize their policies have failed and to change course.

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