The Economy

Question period focused on the state of the Canadian economy. Conservative members repeatedly asked whether the Prime Minister would acknowledge that Canada is in a recession, citing figures such as job losses this year, a possible deficit of as much as $72 billion in 2026 according to the Parliamentary Budget Officer, stagnant purchasing power, and downgraded forecasts from major banks. Liberal ministers replied that the economy is performing well, pointing to OECD growth projections for the G7, rising foreign investment, wage growth ahead of inflation, over 165,000 jobs created since the summer, youth employment gains, and government investments in areas like skilled trades, transit, housing and major projects.Written by AI from the debate. Updated .

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5 statements

Joël Lightbound, Minister of Government Transformation, Public Works and Procurement and Quebec Lieutenant

Liberal
“Our economy is doing well because of this government's work. Experts predict Canada will have some of the highest growth in the G7. Outside investment is up, wages have grown faster than inflation for over three years, and we just added 88,000 jobs.”
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Official Hansard

Mr. Speaker, facts are stubborn things. The Organisation for Economic Co-operation and Development anticipates that Canada will achieve the second-strongest growth of the G7. Over the past year, foreign direct investment in Canada reached twice what it was for our G7 peers. For 38 months, wages have risen faster in Canada than inflation. On top of it all, one especially stubborn fact that displeases the Conservatives is last month’s good news for Canada’s economy with the creation of 88,000 jobs, because Canada’s economy is a lot more resilient. This resilience is due in part to the efforts of this government.

Joël Lightbound, Minister of Government Transformation, Public Works and Procurement and Quebec Lieutenant

Liberal
“The Conservatives cheer when our economy struggles, but our government is working to grow it. We are investing in mining, high-speed rail, ports, and planes, and we helped create 88,000 jobs last month.”
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Official Hansard

Mr. Speaker, I understand that the Conservatives are overjoyed whenever we face even the slightest headwind in the Canadian economy. However, on this side of the House, we wake up in the morning and ask ourselves what we can do despite external circumstances, despite the illegal and unjustified tariff war we are facing. What can we do to build Canada’s economy? We are investing in Nouveau Monde Graphite, the biggest graphite mine in the G7. We are investing in high-speed rail between Quebec City and Toronto. We are designating the Port of Québec as an international container port. We are investing in 150 Airbus aircraft, and we created 88,000 jobs last month. That is what we are doing on this side of the House.

Anna Gainey, Secretary of State (Children and Youth)

Liberal
“Our economic plan is working. Youth unemployment has dropped, and young people have 22,000 new jobs. We are also spending $6 billion to help 100,000 young people train for and get skilled trade jobs.”
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Mr. Speaker, we are focused on economic growth and we are working hard to achieve it. Our plan is working. The youth unemployment rate has fallen by nearly 1%. That means 22,000 jobs for our young people. What is more, we are investing $6 billion in the skilled trades to recruit, hire and train 100,000 young people. We on this side of the House are building Canada strong for everyone.

Anna Gainey, Secretary of State (Children and Youth)

Liberal
“Our plan is making the economy stronger. We are creating tens of thousands of jobs and spending money on hospitals, community centres, transit, and affordable housing.”
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Official Hansard

Mr. Speaker, our government has a plan to transform the foundation of our economy and make it more resilient. We are creating tens of thousands of jobs, particularly in Darlington and Contrecoeur. We are investing in hospitals, community centres, public transit and affordable housing. We are creating the conditions for long-term prosperity and building Canada strong from coast to coast to coast.

Rachel Bendayan, Parliamentary Secretary to the Prime Minister

Liberal
“We have created over 165,000 jobs in Canada since the summer. Compared to our population, we are creating almost twice as many jobs as the United States.”
Official Hansard

Mr. Speaker, since this summer, we have created more than 165,000 jobs here in Canada. In May alone, 88,000 jobs were created. If we look at the United States, for example, we see that Canada is creating jobs. The number of jobs created per capita in Canada is almost double that of the United States. It is great to see that so many Canadians are optimistic and have a positive outlook on the future.

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