The Economy

Oral questions focused on the state of the Canadian economy following the release of new jobs data. Conservative members said Canada is the only G7 and G20 country in a recession, noting a net loss of about 24,500 jobs since the start of the year, high youth unemployment compared with pre-pandemic levels, affordability pressures on mortgages and housing, and bank forecasts of slower growth; they asked ministers to acknowledge the recession and asked that a Statistics Canada report on the matter be tabled. Liberal ministers pointed to the addition of 88,000 jobs in May, largely full-time and private-sector work, 99,000 new youth jobs, a drop in the unemployment rate including a decline in youth unemployment, and job growth outpacing the United States since December 2024, despite U.S. tariffs, and cited investments such as the Quebec City tramway as sources of future employment.Written by AI from the debate. Updated .

Official text (opens in a new tab)

6 statements

Garnett Genuis, Sherwood Park—Fort Saskatchewan

Conservative
“Canada has lost over 20,000 jobs this year, and our economy is shrinking. Why is Canada the only country in the G20 in a recession?”
  • A repeated line

    “Canada is the only G20 country in a recession.”

    Said 104 times by 61 members since May 29.

    Every time it was said
Official Hansard

Madam Speaker, under this Liberal Prime Minister, Canada is the only G20 country in a recession. We are glad to see that more Canadians are working this month than last month, but we are down over 20,000 jobs since the beginning of this year. We are still expecting negative growth, and we have the second-highest unemployment in the G7. Simply put, we are comparing to a worse baseline. This should not be the new normal for this great country. Why is Canada the only G20 country in a recession?

Garnett Genuis, Sherwood Park—Fort Saskatchewan

Conservative
“Canada's job numbers are worse than the government claims. There are 24,500 fewer people working today than at the start of the year, youth unemployment is way up, and Canada has the second-highest unemployment in the G7.”
  • A repeated line

    “Canada is the only G20 country in a recession.”

    Said 104 times by 61 members since May 29.

    Every time it was said
Official Hansard

Madam Speaker, I want to be clear that it is good news that more Canadians are working this month than last month, but we have to be honest about these numbers, because the government House leader is eager to cherry-pick. We have 24,500 fewer Canadians working today than were at the beginning of the year. Compared to pre-pandemic averages, unemployment is up by 0.6% overall and over 2.5 points for youth. Under this Liberal Prime Minister, we have the second-highest unemployment in the G7. Having the best job numbers in Canada should not be like having the best bobsledding team in Jamaica. Canada is the only G20 economy in a recession.

Garnett Genuis, Sherwood Park—Fort Saskatchewan

Conservative
“Canada is the only G20 country in a recession, and youth unemployment is high. I want the government to explain why this is happening and whether they think this is normal.”
  • A repeated line

    “Canada is the only G20 country in a recession.”

    Said 104 times by 61 members since May 29.

    Every time it was said
Official Hansard

Madam Speaker, the so-called “recession crowd” is literally the analysts at Statistics Canada. Here is the fact: Canada is in a recession under this Liberal Prime Minister. Let us talk about youth unemployment. The pre-pandemic average for youth unemployment was 10.8%. We are 2.5 points above the pre-pandemic average. The question for the government is this: Is this the new normal? It should not be the new normal; we should be back to where we were. A recession is not success. Canada is the only G20 economy in a recession, objectively. Why?

Gérard Deltell, Louis-Saint-Laurent—Akiawenhrahk

Conservative
“Canada is the only G7 and G20 country in a recession. High prices keep young people from buying homes, and one in three families cannot afford their mortgage this year. Will the minister admit this?”
Official Hansard

Madam Speaker, here is yesterday’s reality, today’s reality and, unfortunately, likely tomorrow’s reality: Canada is the only G7 country, and in fact the only G20 country, that is in a recession. Take the issue of housing. We have hyperinflation that continues to have a devastating impact on our young people. The dream of home ownership is drifting out of reach for young people, and one in three families will not be able to make all their mortgage payments this year. That is the reality. Can the minister acknowledge that?

Gérard Deltell, Louis-Saint-Laurent—Akiawenhrahk

Conservative
“Canada has lost 24,500 jobs this year, and more young people are out of work. The government will not meet its goal to lower the deficit. Will the government admit Canada is the only G7 country in a recession?”
  • A repeated line

    “Canada is the only G20 country in a recession.”

    Said 104 times by 61 members since May 29.

    Every time it was said
Official Hansard

Madam Speaker, of course, on this side of the House, we are always pleased when Canadians find jobs. However, as of right now, there has been a net loss of 24,500 jobs since the beginning of the year. I also want to talk about young people. The reality is that youth unemployment has gone up. The Parliamentary Budget Officer was scathing yesterday when he said that the odds of this government hitting its fiscal anchor of reducing the deficit is less than 1%. That is the reality we get with this government. Is the government capable of admitting that, yes, Canada is the only G7 country that is in a recession?

Gérard Deltell, Louis-Saint-Laurent—Akiawenhrahk

Conservative
“Canada is in a recession, and the banks say our economy will grow slower than other major countries over the next year. I want a minister to admit that our country is in a recession.”
Official Hansard

Madam Speaker, of course I respect Statistics Canada. In fact, I asked that Statistics Canada’s report confirming that Canada is in a recession be tabled, but the members opposite said no. That is a real shame. The reality is also that the banks have bad news. The Bank of Montreal predicted yesterday that over the next year, Canada will experience the worst economic growth in the G7, yet the government still refuses to talk about a recession. Is there a minister who has the courage, honour and dignity to acknowledge that Canada is, in fact, the only country in the G7 and G20 that is in a recession?

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