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The Economy

Question period focused on the state of the Canadian economy. The Conservative leader said Canada is in a recession, pointing to rising consumer insolvencies and bankruptcies, net job losses this year, and businesses failing to pay debts, and asked the Prime Minister to change his economic policies. The Prime Minister replied that the economy is growing and becoming stronger and more independent, citing over 88,000 new full-time jobs in a month, GDP growth, a trade surplus, high business and foreign investment, and more Canadians in the workforce than Americans. The exchange also included the Prime Minister questioning the Conservative leader’s belief in Canada and the Conservative leader responding about patriotism and the Prime Minister’s past business decisions.Written by AI from the debate. Updated .

Official text

3 statements

Mark Carney

Liberal
“Our economic plan is working. Canada just added over 88,000 full-time jobs in the private sector. We are creating jobs twice as fast as the United States, and a higher share of Canadians are working.”

  • Government answer in Question Period

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Official Hansard

Mr. Speaker, we are in the midst of the biggest transformation of the Canadian economy in decades. We are building a stronger economy, a more resilient economy and a more independent economy, and our plan is taking root. Last week, we just heard that we have created over 88,000 jobs, all full-time, all private sector. This economy is creating jobs at twice the rate of the United States. More Canadians are in work than the Americans, and more Canadian women, by seven percentage points, than the U.S.

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Mark Carney

Liberal
“Our economy is doing well. More Canadians are working than Americans, especially women. Business investment is up, and foreign investment is at a 20-year high. We also have a trade surplus.”

  • Government answer in Question Period

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Official Hansard

Mr. Speaker, what matters is that people believe in this economy and are moving forward. The Leader of the Opposition does not believe in Canada. This is what is happening. More Canadians are in the workforce than the Americans. More Canadian women are in the workforce than the Americans by seven percentage points. Investment in machinery and equipment by businesses is up 10%. We have the highest level of foreign direct investment in 20 years. A trade surplus was just registered. We are building Canada strong.

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Mark Carney

Liberal
“Our economy is growing strong. The latest numbers show quick growth, a trade surplus, and 88,000 new jobs last month. We added jobs and foreign investment at twice the rate of the United States.”

  • Government answer in Question Period

    Relevance 100 of 100

    Of this answer, 100% addressed the question that was asked.

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Official Hansard

Mr. Speaker, we are growing an economy that is stronger, more resilient and more independent. The flash GDP estimate for April is 0.4% growth. I will annualize that to help out the Leader of the Opposition. That is 5% growth. A trade surplus just registered the strongest job growth in the G7 in just this last month, at 88,000 jobs, which is twice the rate of the United States’, and twice the rate of foreign investment.

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