The Economy

Question period focused on the economy. The Conservatives said gas prices are far higher and Canadian households carry the most debt in the G7, citing rising bankruptcies and missed bill payments among ordinary Canadians while saying well-connected companies and offshore wealth are doing fine. The government replied that wages are growing faster than inflation, inflation is lower in Canada than in the United States, and female employment is up, and said Canada has one of the strongest economies and fiscal positions in the G7 despite tariffs and global instability.Written by AI from the debate. Updated .

Official text (opens in a new tab)

4 statements

Pierre Poilievre, Leader of the Opposition

Conservative
“Gas is much more expensive now, and Canadian families have the highest debt in the G7. The Prime Minister needs to stop making excuses and change the policies that are causing high prices.”
Official Hansard

Mr. Speaker, lots has changed since Harper’s time. Gas prices are more than 40¢ a litre higher, even though the world oil price is actually lower. Now the Prime Minister has made up a new excuse, that there are not enough refineries under his leadership. Maybe he should get out of the way and let refineries build in Canada. We have a Prime Minister who likes to blame the rest of the world. He has given Canadian households the worst debt anywhere in the G7, with delinquencies up 18% year over year. Will the Prime Minister stop making excuses and reverse the inflationary policies before Canadians lose their homes?

Mark Carney, Prime Minister

Liberal
“Our policies are helping Canadians. Wages are rising faster than prices. Our price increases are lower than in the United States, and more women have jobs here. Canada is doing well, but the opposition is trying to stop that progress.”
  • Government answer in Question Period

    Respect 86 of 100

    This statement targeted a person rather than their actions or views: “He is trying to hold it back”.

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Official Hansard

Mr. Speaker, Liberal policies are delivering wages for Canadians that are growing faster than inflation. The government’s policies are delivering inflation that is lower in Canada than in the United States. The Liberal government’s policies are delivering female employment that is five percentage points above the United States. This country is working. We are moving forward. He is trying to hold it back.

Pierre Poilievre, Leader of the Opposition

Conservative
“Rich people are doing well, but everyday Canadians are going broke. Bankruptcies and unpaid bills are way up. Why did 1.5 million Canadians miss an essential payment earlier this year?”
Official Hansard

Mr. Speaker, things are great for the Brookfield class, for those who stash their cash in offshore tax havens and take government handouts, getting rich, but for the rest of Canadians, here is what Equifax says: insolvency volumes have increased to levels not seen since 2009, up 19% year over year; balance delinquency rates climbed 32% year over year; and Q1 saw insolvency volumes hit 17-year highs, partly due to escalating financial strain on mortgage holders. If things are so good and affordable, why is it that 1.5 million Canadians missed at least one essential payment in the first three months of the year?

Mark Carney, Prime Minister

Liberal

Linked statement

“Our economy is doing well despite global energy problems, tariffs, and wars. We have the second-strongest economy and the best government finances among major wealthy nations. We have a good plan for the future.”
  • Government answer in Question Period

    Relevance 46 of 100

    None of this answer addressed the specific question that was asked.

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  • Government answer in Question Period

    Clarity 49 of 100

    Much of this statement used imprecise wording, lacked details on timing or responsibility, or made broad claims without support.

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  • A repeated line

    “We have the strongest fiscal position in the G7.”

    Said 7 times by 7 members since April 30.

    Every time it was said
Official Hansard

Mr. Speaker, this government is moving forward this economy in the face of a global energy crisis, in the face of a tariff crisis and in the face of wars. This country is the second-strongest economy in the G7. We are growing strong. We have the strongest fiscal position in the G7. We have a plan. Canada has a bright future.

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