The Economy

During Question Period on the economy, Conservative members said Canada is the only G20 country in a recession, citing shrinking GDP, weak bank growth forecasts, declining business investment, and affordability worries, and repeatedly asked the Prime Minister to acknowledge the recession. Liberal members replied that the economy is resilient, pointing to 88,000 jobs added in May, wages outpacing inflation, strong Alberta employment growth, and supports helping millions with essentials, and said the Conservatives were amplifying bad news. A portion of the Liberal responses also commented on the Conservatives asking the same question.Written by AI from the debate. Updated .

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5 statements

Sandra Cobena, Newmarket—Aurora

Conservative
“Canada's economy is in bad shape and is shrinking. I want the government to admit that we are 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

Mr. Speaker, Canada is the only G20 country in a recession, and the state of the economy is dire. The economy has shrunk three out of the last four quarters, per capita GDP shows annualized growth of only 0.2% per year over the last seven years, capital investment has declined for five quarters in a row and bankruptcies have hit rates not seen since 2009. At what point do the Liberals stop calling these technicalities and start admitting that Canadians were promised growth and fiscal responsibility but got a recession instead?

Sandra Cobena, Newmarket—Aurora

Conservative
“Canada is in a recession, and banks predict very low economic growth this year. People are losing jobs and businesses, and many cannot afford their mortgages. Will the Prime Minister admit this recession is real?”
Official Hansard

Mr. Speaker, if denial could grow the economy, we would certainly be leading in the G20. Canada is in a recession. Scotiabank has forecast growth of just 0.8% and BMO 0.5% for this year. The Bank of Canada warns that one in 10 homeowners in Toronto might not be able to renew their mortgage. While the Liberals may try to dismiss this recession, Canadians cannot ignore losing their jobs and businesses or delaying retirement. Will the Prime Minister acknowledge these recessionary conditions Canadians are facing are real, or are those just technicalities too?

Jeff Kibble, Cowichan—Malahat—Langford

Conservative
“Canada is in a recession under this Prime Minister. Workers tell me they cannot afford food, and the government's grocery rebate leaves out people working full time. I want the Prime Minister to take this seriously and help Canadians afford to eat.”
  • 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

Mr. Speaker, under the Liberal Prime Minister, Canada is the only G20 country in a recession, and in the past few days, we have learned much more about how dire the state of our economy is under his watch. On Saturday night, in a Lake Cowichan pub, workers told me their biggest worry was affording groceries, but the Liberals’ recycled grocery stunt cuts off at only $59,000 for a couple, meaning that full-time workers are shut out. The Prime Minister laughed at suffering Canadians in this House last week. Will he stop laughing and start caring so that Canadians can afford to eat?

Amarjeet Gill, Brampton West

Conservative
“Canada's economy is shrinking, businesses are struggling, and young people cannot afford homes or jobs. I want the Prime Minister to admit we are 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

Mr. Speaker, under the Liberal Prime Minister, Canada is the only G20 country in a recession. The economy has shrunk for two straight quarters, and in three of the last four quarters. Productivity is declining. Businesses are struggling. Families are working hard and unable to get ahead. Young people feel locked out of jobs, housing and starting a family. Canada’s economy is getting worse, not better. Will the Prime Minister tell us if we are in a recession, or does he believe Canadians are only technically struggling to pay their bills?

Amanpreet Gill, Calgary Skyview

Conservative
“Canada's economy is shrinking, and businesses are not investing here. I want the Prime Minister to admit that we are in a recession.”
  • A repeated line

    “The first step to fixing a problem is acknowledging that there is one.”

    Said 4 times by 3 members since June 4.

    Every time it was said
Official Hansard

Mr. Speaker, under the Liberal Prime Minister, Canada has become the only country in the G20 in a recession. Businesses are no longer investing in Canada. Even the banks have lost faith. Scotiabank and BMO are projecting growth at less than half of that of the United States. The first step to fixing any problem is admitting that there is one. Will the Liberal Prime Minister admit to Canadians that we are in a recession, or will he continue to tell them they are only technically suffering after a decade of Liberal rule?

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