The Economy

During member statements on the economy, the Conservative member Jasraj Hallan said that Canada is in a recession, citing the definition of two consecutive quarters of GDP decline and referring to a report from the Parliamentary Budget Officer. He said the Prime Minister will miss his financial targets, and argued that Conservatives would cut taxes and remove rules that slow development so the economy can grow.Written by AI from the debate. Updated .

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1 statement

Jasraj Hallan, Calgary East

Conservative

Linked statement

“The Prime Minister caused a recession and will miss his financial targets. Conservatives would cut taxes and remove rules that stop development so the economy can grow.”
Official Hansard

Mr. Speaker, the Prime Minister is the only leader in the entire G20 to plunge their economy into a recession. In his own words, he admitted a recession is two consecutive quarters of GDP decline. StatsCan confirms that Canada is in a full-blown Liberal recession now. The PBO came out with a scathing report against the government’s so-called fiscal anchors. They are all going to be broken. The Liberals are not going to meet their debt-to-GDP ratio. They are going to blow through their own fiscal projection by $7 billion, and they have less than a 1% chance of meeting their deficit-to-GDP ratio. There is a better chance of a Liberal actually answering a question in this place. We have solutions. We would remove Liberal antidevelopment laws that block our resources and infrastructure. We would cut taxes for Canadians and Canadian businesses to unlock our Canadian growth, and remove capital gains taxes for companies that reinvest right here in Canada. The incompetent Liberal government just needs to do one thing: get out of the way.

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