The Economy

Question period exchanges on the economy. The Conservative leader said jobs and investment have been lost and asked what the government will do about it. The finance minister pointed to the 2025 budget, record investment, and OECD growth projections, and said payments to help with living costs would reach 12 million Canadians in June. The Conservative leader called the government’s growth figures inaccurate and said the deficit has doubled; the minister responded by citing the same growth forecasts and affordability measures.Written by AI from the debate. Updated .

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2 statements

Pierre Poilievre, Leader of the Opposition

Conservative
“The Prime Minister needs to admit his policies caused this recession. Jobs, investments, and homes are being lost, and I want him to tell us how he will fix it.”
Official Hansard

Mr. Speaker, while Canadians suffer, the Prime Minister is silent. He sits back while 112,000 jobs have been lost in the first three months of this year alone. We have the second-highest unemployment and the only recession in the G20. We have an economy that has lost investment in five consecutive quarters, and $20 billion of net investment has fled the country. There is a 32% increase in mortgage delinquencies, and people who cannot make their monthly payments risk losing their homes. Will the Prime Minister stand up in the House of Commons and at least acknowledge that he created this recession so that he can tell us how he is going to reverse the policies so that we can get out of it?

Pierre Poilievre, Leader of the Opposition

Conservative
“The government is repeating slogans that are false instead of answering the question. Canada has the only recession in the G7, business investment fell for the fifth quarter in a row, and the deficit doubled.”
  • A repeated line

    “The Prime Minister promised the fastest-growing economy in the G7.”

    Said 10 times by 7 members since April 27.

    Every time it was said
Official Hansard

Mr. Speaker, instead of standing and answering the question, the Liberal Prime Minister has his finance minister not just state slogan after slogan, but slogans that are exactly false. One of their slogans is: The fastest-growing economy in the G7. He has the only recession in the G7. The other slogan is: more investment. Statistics Canada says business capital investment fell 0.7% in the first quarter of 2026, the fifth consecutive quarterly decline. Then he says that government spending is down. He has doubled the deficit. Why is it whenever the Liberals say something is up, it is down?

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