The Economy

During question period on the economy, Conservative leader Pierre Poilievre repeatedly asked why Canada is the only G7 country in a recession, citing job losses, mortgage delinquencies at a 17-year high, household debt, falling investment, and a Food Banks Canada report saying one in four Canadians lives with food insecurity. Liberal ministers replied that Canada is managing an unfair and unjustified U.S. tariff war as the economy most integrated with the United States, while pointing to job creation in aerospace, manufacturing and military contracts, work with provinces to protect workers, new projects like mines and pipelines, talks with U.S. representatives on the trade agreement, and cost-of-living programs such as child care, dental care and grocery support that the Conservatives voted against. Some responses also urged the Conservatives to help build the country rather than criticize it, and Poilievre noted the Prime Minister had not appeared to answer questions on the recession.Written by AI from the debate. Updated .

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6 statements

Pierre Poilievre, Leader of the Opposition

Conservative
“Other major countries face the same global problems, but their economies are not shrinking. Why is Canada the only one in a recession?”
Official Hansard

Mr. Speaker, G7 countries are all facing tariffs and global economic impacts. However, Japan is not in recession. The United States is not in recession. The United Kingdom is not in recession. France, Italy and Germany are not in recession. Why is Canada, under the Liberal Prime Minister, the only country in recession?

Pierre Poilievre, Leader of the Opposition

Conservative
“Canada is the only country in North America in a recession. More people cannot pay their mortgages, families have record debt, and a quarter of Canadians cannot afford enough food. Why is Canada the only country in a recession?”
  • A repeated line

    “Why is Canada the only G7 country in a recession?”

    Said 16 times by 13 members since May 29.

    Every time it was said
Official Hansard

Mr. Speaker, Mexico also shares a border with the United States and is also facing a trade war but it is not in a recession. In North America, only Canada is in recession. That is not all. Mortgage delinquencies are up a third compared to last year and are at a 17‑year high. In addition, Canadian households are the most indebted in the G7. Today, Food Banks Canada published a report in which it gave Canada a failing grade, stating that a quarter of Canadians are food insecure. Why is Canada the only country in a recession?

Pierre Poilievre, Leader of the Opposition

Conservative
“Canada is the only G7 country in a recession. Why is that happening under this Prime Minister?”
  • A repeated line

    “Why is Canada the only G7 country in a recession?”

    Said 16 times by 13 members since May 29.

    Every time it was said
Official Hansard

Mr. Speaker, the group of seven industrialized nations all face tariffs and global economic forces. However, Japan is not in recession. The United States is not in recession. The United Kingdom is not in recession. France is not in recession. Germany is not in recession. Italy is not in recession. The only G7 country in recession is Canada. Why is it that Canada, under this Liberal Prime Minister, is the only G7 country in a recession today?

Pierre Poilievre, Leader of the Opposition

Conservative
“Canada is the only country in North America in a recession. We have lost jobs, investment has dropped, and mortgage defaults are at a 17-year high. Why are we the only country in a recession?”
  • A repeated line

    “We have the second-highest unemployment in the G7.”

    Said 7 times by 4 members since June 1.

    Every time it was said
Official Hansard

Mr. Speaker, Mexico shares a border with the United States and is as integrated with the U.S. as we are and Mexico is not in a recession. In all of North America, only Canada is in a recession. Not only that, but since this Liberal Prime Minister took office, he has lost 46,000 jobs, 112,000 in the last three months alone. We have the second-highest unemployment rate in the G7, a third higher than the rate in the U.S. The economy has contracted three of the last four quarters. Over $20 billion of net investment has fled the country. There have been five consecutive quarters of investment dropping. Mortgage delinquencies are up a third at a 17‑year high. Why are we the only country in a recession?

Pierre Poilievre, Leader of the Opposition

Conservative
“The Prime Minister caused our recession, making Canada the only G7 country in one. He needs to come to the House and answer questions about it.”
Official Hansard

Mr. Speaker, it is the Liberal Prime Minister who is running down our economy and then running away from accountability for it. Where is he, anyway? It has been four days since Statistics Canada reported that Canada is the only G7 country in a recession, and the Prime Minister has not answered one question, not in the House, not from the media, not from anyone. This is the guy who said to hire him in a crisis. Well, now he has made a crisis. He has created the only G7 economy that is in a recession. Instead of running away from accountability, why does the Prime Minister not run in here and do his job?

Pierre Poilievre, Leader of the Opposition

Conservative
“Canada is in a recession, and one in four Canadians cannot afford enough food. Many food banks are running out of food. How are parents supposed to feed their children?”
  • A repeated line

    “Why is Canada the only G7 country in a recession?”

    Said 16 times by 13 members since May 29.

    Every time it was said
Official Hansard

Mr. Speaker, with Canada being the only G7 country in a recession, there are very real human costs. Today those came to light as Food Banks Canada published a report giving the government a failing grade, indicating that one quarter of all Canadians now live in food insecurity. A quarter of food banks have actually run out of food in the last year. What is a single mother who cannot afford groceries supposed to do when she gets to an empty food bank? How is she supposed to feed her kids?

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