The Economy

During question period on the economy, the Conservative leader repeatedly asked why Canada is the only G7 country in recession, saying the Prime Minister was making excuses, wrongly blaming immigration, and should take responsibility given his past statements that recessions hurt the poorest and youngest hardest. Liberal ministers responded that the economy is resilient despite tariffs and global conflicts, pointing to growing non-U.S. exports, wage growth outpacing inflation, investment in defence, nuclear power, ports and other major projects, and commercial deals secured for Canadian businesses; they also challenged the Conservatives to present their own plan and said they were talking the country down.Written by AI from the debate. Updated .

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6 statements

Pierre Poilievre, Leader of the Opposition

Conservative
“Canada is the only G7 country in a recession. The Prime Minister is making excuses instead of fixing it.”
Official Hansard

Mr. Speaker, my question is for the Liberal Prime Minister. Five days after learning that Canada was the only G7 country in recession, the Prime Minister finally decided to answer a question from the media and offer fresh excuses. He says the reason we are in a recession is that immigration is too low and that per capita GDP is actually very good. Per capita GDP has risen by 0.2%. Is the Prime Minister expecting a parade for that?

Pierre Poilievre, Leader of the Opposition

Conservative
“Canada is in a recession and business investment has dropped for five quarters in a row. The Prime Minister is wrong when he says investment is up. Why is he saying things that are not true?”
  • A repeated line

    “Canada is now the only G7 country in recession.”

    Said 3 times by 3 members since June 1.

    Every time it was said
Official Hansard

Mr. Speaker, the per capita GDP growth rate is about as high as the Prime Minister’s question period attendance rate. He should be answering questions about the fact that, under his leadership, Canada is the only G7 country to be in recession. Today, he said that investment in Canada has increased over the last two quarters. Let us look at the Statistics Canada report. In the first quarter of 2026, business capital investment fell by another 0.7%, marking a fifth consecutive decline. Why is the Prime Minister spreading misinformation?

Pierre Poilievre, Leader of the Opposition

Conservative
“Canada is the only G7 country in a recession. The Prime Minister is making excuses instead of fixing it. Our economy barely grew last year, and he should not be proud of that.”
  • A repeated line

    “He has delivered the only recession in the G7.”

    Said 3 times by 2 members since June 2.

    Every time it was said
Official Hansard

Mr. Speaker, this question is for the Prime Minister. We do not need more excuses. He has delivered the only recession in the G7. Mexico is not in recession. It is just as integrated with the United States and shares a border with that country. The Prime Minister finally emerged to take media questions on his recession today, and he blamed it on the fact that immigration, as he claims, is not high enough and that per capita GDP is actually not so bad. The only problem is that, in the last year, per capita GDP has only grown by 0.2%. Does he really expect a parade for 0.2%?

Pierre Poilievre, Leader of the Opposition

Conservative
“Canada is the only major peer country facing a recession, and the Prime Minister is making excuses for it. Other countries face the same global problems but are not in a recession. The Prime Minister is wrongly blaming our economic problems on low immigration.”
Official Hansard

Mr. Speaker, the Liberals are building a recession, and they are building excuses. The fact is that all other G7 countries face tariffs and global wars. Mexico is just as, if not more, integrated with the United States; and none of those other countries are in a recession. Only the Liberal Prime Minister has delivered that. After five days, he finally emerged to talk to the media, after hiding from answering questions, and blamed the recession on the fact that immigration is not high enough. Per capita GDP has increased by 0.2%. Why the—

Pierre Poilievre, Leader of the Opposition

Conservative
“The Prime Minister once said that recessions hurt the poorest and youngest people the most. Now he has caused a recession. He needs to take responsibility for it.”
Official Hansard

Mr. Speaker, the question was for the Liberal Prime Minister. The Prime Minister said: Experience shows that when the economy enters recession, the poorest are hit the hardest, [and]...the lower-skilled, lower paid people tend to lose their jobs first. And recessions disproportionately affect the young.... Graduating in a recession is generally bad news for someone’s earnings.... In the extreme, prolonged recessions can lead to permanent labour market scarring, with potentially devastating effects on livelihoods, identities and communities. This is people’s lives. The Prime Minister caused this painful recession. Will he show up, stand up and own up?

Pierre Poilievre, Leader of the Opposition

Conservative
“Canadian workers cannot afford rent or groceries. I blame the Prime Minister for this bad economy, and he should come here and take responsibility for it.”
Official Hansard

Mr. Speaker, yes, Canadian workers are tired. They are tired of working six days a week and not being able to afford their rent. They are tired of showing up at the grocery store and having to hand products back at the checkout because they cannot afford to pay for them. They are tired of making their way over to the food bank and finding that the food bank is empty. They are tired of a Prime Minister who causes this recession and then does not have the courage or the decency to show up in the House of Commons and take ownership of— Some hon. members: Oh, oh!

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