The Economy

During question period on the economy, Conservative members said Canada is the only G20 country in a recession, that the economy has shrunk in recent quarters, that the government is borrowing tens of billions more than planned, and that the Parliamentary Budget Officer sees little chance of the government meeting its fiscal targets; they asked the Prime Minister to take responsibility. Liberal ministers replied that the economy added 88,000 jobs last month, unemployment is down, foreign investment is at its highest in 20 years, taxes were cut for 22 million Canadians, and military and infrastructure projects are creating jobs across the country. They also criticized the Conservative leader’s economic experience and, in one reply, Saskatchewan Conservative MPs’ record.Written by AI from the debate. Updated .

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5 statements

Lianne Rood, Middlesex—London

Conservative
“Canada is the only G20 country heading into a recession, and our economy is shrinking. Will the Prime Minister admit that his policies caused this?”
Official Hansard

Mr. Speaker, every other G20 nation is facing the same global headwinds as Canada is, yet under the Liberal Prime Minister, Canada is the only G20 nation facing a recession. In the last few days, we have learned even more about the dire state of our economy under his watch. The economy has shrunk in three of the last four quarters, per capita GDP is stagnating, and our productivity has hit a seven-year low. Will the Prime Minister admit that his failed policies have caused this recession, or will he keep denying the reality lived by millions of Canadians who are suffering under his watch?

Lianne Rood, Middlesex—London

Conservative
“The government is failing to meet its financial targets and economic growth will be very low. I want the Prime Minister to take responsibility for weakening Canada's economy instead of borrowing and spending more.”
Official Hansard

Mr. Speaker, Canadians cannot trust the half-truths or honeyed words coming off the lips of any of the Liberals right now. The Parliamentary Budget Officer gives a less than 1% chance that the Liberal government will meet its own fiscal anchor. Banks forecast growth of 0.5% in 2026. Will the Prime Minister take responsibility for delivering Canada’s last-place economy, or will he keep borrowing and keep spending so he can take credit for our economic collapse?

Blaine Calkins, Ponoka—Didsbury

Conservative
“Canada's economy is shrinking, and it is growing much slower than the American economy. I want the Prime Minister to explain why he has led Canada into 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 that is in a recession. In the past few days, we have learned much more about how dire the state of our economy is under his watch. Here are the facts. The economy has shrunk in two of the last three quarters and in three of the last four. Two major banks, BMO and Scotiabank, both forecast that Canada’s economy will grow less than half as much as America’s. Our per capita GDP is lower than it was three years ago. Our economic picture after a decade of Liberal rule is getting worse by the day. Will the Prime Minister do his job, stand up and tell Canadians why he has led Canada into a recession?

Blaine Calkins, Ponoka—Didsbury

Conservative
“Canada is in a recession and business investment is falling. I want the Prime Minister to explain why he led our economy into this.”
  • 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, in spite of everything the minister just said, Canada is still in a recession. However, we already know that the Prime Minister cannot do his job, because Canada is the only country in the G20 that is in a recession. After a decade of Liberal rule, businesses are not investing. Capital investment has fallen for the fifth quarter in a row. The government’s new Parliamentary Budget Officer has just reported that there is only a 1% chance that the government will meet its fiscal anchor. The Prime Minister claims he is a crisis manager and a master economist. If he truly is, could he stand in the House and tell Canadians why he has led Canada into a recession?

Kevin Waugh, Saskatoon South

Conservative
“Canada's economy is shrinking, and the government is borrowing tens of billions more than planned. I want the Prime Minister to tell Canadians if 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 this Liberal Prime Minister, Canada is the only G20 country in recession. The economy has shrunk three of the last four quarters. The Liberals are already borrowing over their projected $65 billion. The Parliamentary Budget Officer projects borrowing now to climb to $72 billion. Will the Prime Minister tell Canadians if they are in a recession or are they only technically doing worse after a decade of Liberal rule?

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