The Economy

During Statements by Members, the topic of the economy was raised by Conservative member Shelby Kramp-Neuman, who said Canada is the only G7 country in a recession despite facing the same international pressures as its allies, such as American tariffs and global energy constraints. She attributed this to government policies that she said have driven away investment, cost 100,000 jobs in three months, and increased the cost of living, and she called on the government to correct these mistakes to save the economy.Written by AI from the debate. Updated .

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1 statement

Shelby Kramp-Neuman, Hastings—Lennox and Addington—Tyendinaga

Conservative
“Canada is the only G7 country in a recession. The government's bad policies caused our economy to lose investment, cost us 100,000 jobs in three months, and raised the cost of living. The government must fix these mistakes and save our economy.”
Official Hansard

Mr. Speaker, Canada is in a recession. It is a distinction no other G7 nation shares. Despite facing the same international pressures as our allies, including American tariffs and global energy constraints, Canada stands alone in this regard. The government needs to take a hard look at why. In fact, the Liberal government routinely claims that Canada has the best tariff deal in the world with the U.S. Just last week, appearing before a committee, the Minister of Finance stated that Canada has one of the lowest tariff rates overall, so why is Canada in a recession? Poor domestic policy has driven a $20-billion loss in net investment over the past year, the loss of more than 100,000 jobs in the last three months alone and inflationary spending that continues to drive up the cost of living. I urge the Liberal government to recognize the gravity of the situation and take the necessary steps to pull Canada back from the brink of economic calamity.

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