The Economy

During question period, members debated the state of the Canadian economy. Conservative members said Canada is the only G7 country in a recession, citing three quarters of economic decline out of the last four, job losses, small business closures, high household debt, rising mortgage defaults, and investment leaving the country, and asked the government to admit its policies are responsible. Liberal ministers and members said Canada is in a trade war and facing global economic headwinds, and pointed to the government’s plan to diversify trade, build major projects in energy, mining, transit and housing, spend on defence and small craft harbours, and train young people for skilled trades. Liberals also criticized the Conservative leader’s approach, which Conservatives in turn rejected. Much of the exchange consisted of members repeating these positions in response to one another.Written by AI from the debate. Updated .

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7 statements

Wayne Long, Secretary of State (Canada Revenue Agency and Financial Institutions)

Liberal
“The Conservative leader has no real ideas to help the economy. Our government is serious about building a strong economy by expanding trade, building big projects, and supporting workers.”
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Official Hansard

Mr. Speaker, clearly the Conservative leader is missing in action again when it comes to anything constructive with respect to the economy. Where is he? Where is he today with anything constructive? Canadians do not want political theatre. They want a government that is serious about this economy. We are going to diversify our trade, we are going to build major projects, and we are going to invest in unions and workers. On this side of the House, we are serious about building an economy, the strongest economy in the G7. The Conservative leader is missing in action again.

Wayne Long, Secretary of State (Canada Revenue Agency and Financial Institutions)

Liberal
“Canada faces economic challenges and a trade war. We will build the economy by spending money on housing, defence, and infrastructure. The opposition leader is acting irresponsibly.”
Official Hansard

Mr. Speaker, I have a news flash for the leader and the party opposite. We are in a trade war. We are facing economic headwinds. Canadians do not want the political theatre that the leader loves. Listen to the chief economist of Scotiabank, who characterized his behaviour as “irresponsible”. On this side of the House, we are going to build an economy for all Canadians. We are going to invest in infrastructure, in defence and in housing, in major projects. We will build Canada strong, a Canada for everyone. The opposition leader is missing in action. Where is he?

Joanne Thompson, Minister of Fisheries

Liberal
“We are helping the economy by training young people for skilled trades jobs. We are also spending nearly $1 billion to fix small craft harbours and support rural towns.”
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Mr. Speaker, I want to celebrate the apprenticeship program, a program that is focused on getting young people trained to Red Seal status, with support at every step along that process. We are building the economy with almost $1 billion for small craft harbours and support for our rural communities, as well as an economic boost for communities. That is what Canadians expect, and that is what we are delivering.

Joanne Thompson, Minister of Fisheries

Liberal
“We are working with the government of Newfoundland and Labrador to help the province. We are supporting the Bay du Nord project, spending $8 billion on the military base in Goose Bay, and building more housing.”
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Mr. Speaker, I want to remind the member opposite from Newfoundland and Labrador that we are working closely with the Conservative provincial government to build the province together, with Bay du Nord and with $8 billion for 5 Wing Goose Bay to expand the capacity of the base, but also, the support goes out into the broader region. The work continues with housing initiatives. On and on it goes. There was an announcement today from the Finance Minister in Newfoundland and Labrador. That is what Newfoundlanders and Labradorians, and Canadians, expect us to do. That is what we are doing. We are laser focused, and we—

Yasir Naqvi, Parliamentary Secretary to the Minister of International Trade and to the Secretary of State (International Development)

Liberal
“We are in a trade war we did not start. Our plan to trade with more countries is working to protect Canadian jobs.”
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Mr. Speaker, I think it is time to get serious. I think members of the opposition and Canadians know that we are in very uncertain economic times and that we are engaged in a trade war that is not of our making. That is why the Prime Minister and the government have a plan. That is why we are so focused on diversifying our trade and engaging in free trade agreements with countries around the world. That is why we are selling uranium to India. That is why we are selling planes to Malaysia and selling canola to China. Our plan is working. We will keep working hard to make sure we are creating good-paying jobs for all Canadians.

Yasir Naqvi, Parliamentary Secretary to the Minister of International Trade and to the Secretary of State (International Development)

Liberal
“Our country is in a serious moment and needs serious leadership. We have a plan to grow our economy. We will make good trade deals with the United States and Mexico, and build new partnerships with countries around the world to create good jobs for Canadians.”
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Mr. Speaker, the members opposite can be as gleeful and as jovial as they want, but Canadians know that this is a very serious moment for our country. That is why they require serious leadership. That is why they have elected a leader and a party that have a plan to diversify our economy. We not only will engage with the United States and Mexico to get the best deal possible for our country, but we will also build bridges and new partnerships around the world with China, India, Southeast Asia and Mercosur. That is where our focus is and we will not stop until we create good-paying jobs for all Canadians.

John Zerucelli, Secretary of State (Labour)

Liberal
“We are in a trade war, but our plan is working. We are building major energy, transit, and mining projects across the country to create good union and skilled trades jobs.”
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Mr. Speaker, we are proud to stand up for our record every day in this House of Commons because the member knows very well that we are in the middle of a trade war. This country is facing headwinds, but we have a plan. Canada is building, from LNG in B.C. to critical minerals in the Prairies, from nuclear and transit in Ontario to ports and mining in Quebec and offshore energy in Atlantic Canada. This is how we create good jobs, great opportunities in the skilled trades and good union jobs. We are building a Canada strong for all.

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