That the House recognize that the Liberal Prime Minister has given Canada the:
(i) only economy in recession in the G7,
(ii) worst household debt in the G7,
(iii) worst housing costs in the G7,
(iv) second highest unemployment in the G7, a third higher than in the United States;
accordingly, the House call on the Liberal Prime Minister to immediately present a plan to reverse all the economic policies of the Liberal government which have given Canada the G7's worst economy.
He said: Mr. Speaker, I am going to be splitting my time with my great friend, and a decent hockey player, the member for .
Where is this ? He has been hiding, ducking and dodging since Friday morning. This is the guy who was supposed to be a master negotiator, the guy who would get a deal done. He said he was the guy who would get Canada back on track, and he said he was the man with the plan. However, it all turned out to be a sham at the end of the day because on Friday morning, Canadians got the devastating news of something that they have already been feeling in the last 10 years under the incompetent Liberal government: Canada is in a full-blown Liberal recession.
In fact, this Liberal is the only leader in the entire G7 to drive the economy into a full-blown recession. All of the other G7 countries face the exact same external pressures and the exact same tariffs. Why is it that this Prime Minister, who was supposed to be the guy, plunged our economy into a recession? In fact, in the entire OECD, Canada is one of only two countries that are in a recession now.
Liberal pundits and their paid media keep saying this is just a technical recession. What is a technical recession? This full-blown Liberal recession meets the criteria with two consecutive quarters in a shrinking economy, but let us look at the time since this took power. In three out of the four quarters since he became Prime Minister, the economy has shrunk. Business investment has declined for five straight quarters and $20 billion of net investment has fled the country since he became Prime Minister. Just in the first three months of this year, 120,000 jobs are gone and 48,000 of those people are still looking for work.
This delivered to Canada the second-worst unemployment rate in the entire G7. He is the worst when it comes to housing costs. In the entire G7, Canada, under this Prime Minister, is the worst when it comes to household debt. Let us dig into that a bit. What does this recession mean? It may be technical to the paid media, but in Canadian terms, it is the single mom who has to put groceries back because she cannot afford them or she has to buy in portions every week because the cost of living has skyrocketed under the Liberals. Including food costs and housing costs, everyday life is more expensive because of Liberal taxes and the failure of Liberal policies.
It is the dad in Windsor who has lost his job. He is one of the 120,000 people who, in the first three months of this year under the Liberal government, lost their job. He has to sit around the dinner table explaining to the kids how many things they cannot do over the summer and how many vacations they cannot have because he is more worried about how he is going to pay the bills, pay the mortgage or rent and put food on that table. It is the mom who just got laid off and was barely hanging on. It could be one of the majority of Canadians who are just $200 away from insolvency. It could be one of those 2.2 million Canadians who are waiting in a food bank line every single month, and that number might even go up now because of the job losses under the current government.
This sold himself to be something different. He said he would not be like the previous guy. He is actually worse, so he is right in one sense. Not only is he spending more, if one can believe that. He doubled the deficit that Justin Trudeau left. Then, he corrected himself in the update and became the second-worst as well, having the second-worst deficit in Canadian history outside COVID. That means more costs, more debt and more taxes on Canadians. It is more of the same and it is all on the Canadian credit card. He does not care. This guy is better at going around and shaking a lot of hands, signing a bunch of fake papers and jet-setting around the world. However, it does not just stop at jet-setting around the world. He makes sure he has the finest meals on those planes. In fact, he just recently spent $200,000 on fine dining on those plane rides.
While Canadians are lining up in record numbers at food banks, and the food banks are even running out of food now, the gets to live lavishly, jet-setting around the world, pretending he is doing something. After all that showboating and all of that show, at the end of the day, he has plunged Canada's economy into a full-blown Liberal recession. There are families who are affected and who had been affected before.
In fact, in the business community, for consecutive quarters, there are more businesses closing in Canada than are opening. Business insolvencies are up. People are starting to miss their mortgage and credit card payments. The cost of everyday life has only gotten worse under the incompetent Liberal . In fact, if we look at debt loads, Canada has the highest debt load in the entire G7. Because of Liberal policies, the costs of food and housing are way up, and just those two pieces alone now make up about 120% of one person's income. That means someone's entire paycheque gets eaten up and then they have to either borrow, or put on credit, for food or other essentials. Then, that just piles up, and they start missing payments, which is exactly what is happening now.
The number of defaults, delinquencies and insolvencies are all up. We have not seen some of these numbers since 2009, when we literally had a global financial crisis, and the difference back then was that we had a really responsible Conservative government that knew where to spend money and that knew how to create jobs at the time. We never saw an inflation crisis the last time this happened. I do not remember an inflation crisis. I do not remember interest rates spiking at the highest and fastest rate in Canadian history. That medal goes to the incompetent Liberal government, because all it does is spend, spend, spend, because it does not mean anything to the government.
The is more concerned about his banker, bondholder and Brookfield buddies than he is about the average everyday Canadian. In fact, he is the same Prime Minister who sold the illusion that he was the guy who was going to deal with Donald Trump. He was all “elbows up”. Now everything is down, including our economy. We are in a recession, and now the Prime Minister is on team Trump. In fact, now he is parroting Donald Trump. Now it is “make America great again”. However, I ask, “What about Canada?” We might as well get the Prime Minister a MAGA hat.
What we are asking for today is that the incompetent Liberal present a plan, stop hiding and come out of the witness protection program. He is supposed to be leading this G7 country, the same one that he has driven into a recession. He must tell Canadians what his plan is.
Conservatives have a plan. If the Liberals want a plan that will help us get out of this mess that they created, they can take our plan and take credit for it. They can put their stamp on it, and at least Canadians would have a future that is more safe and more affordable. Conservatives would end the antidevelopment laws that the Liberals passed, like Bill and Bill , which does not let our product leave the west coast and does not let pipelines get built. We would get rid of the industrial carbon tax, which makes the cost of everything more expensive. We would lower taxes for individuals, small businesses and corporations, so we can create the business environment that we need. We would introduce a law so that, any time a Canadian company reinvests its capital gains in Canada, they would not have to pay those capital gains taxes. They could defer them, so we could create better jobs and a better economy right here in Canada.
Of course, we would put an end to all the Liberal waste: the billions and billions of dollars that go to Liberal-connected insiders in consultant fees because the Liberal ministers are too incompetent to create plans of their own, and the boondoggle of a project that is Alto. The government, for a project that has not even started yet, has already shovelled out millions in bonuses. We would put an end to this Liberal corruption.
The Liberals can take our plan. Let us get working for Canadians together. It is time for the to come out of hiding and present a plan.
:
Madam Speaker, it is always an honour and a privilege to be able to rise on behalf of the great people of southwest and west central Saskatchewan. I rise today to talk about the opposition motion that we have put forward, but before I do, I just want to take a few moments here to offer our sincere condolences to the families in Pelican Narrows who were impacted by a shooting that happened up there yesterday. Our thoughts and prayers are with the community and the family of the victim up there. I wanted to start off by acknowledging that.
What are we doing here today? We are talking about a recession. The himself, in an interview with the BBC when he was over in England, said “the technical definition of a technical recession is...two [straight] quarters of flat or negative [GDP] growth”. That is it. It is pretty simple.
What do we have here in Canada? Let us take a look. Real GDP fell 0.1% in Q1, and the quarter before that, it fell roughly 1%. Based on the 's own words, that meets the definition of a technical recession, so that is what we have.
The has been in power for a little over a year. He is supposed to be the grandmaster economist who is going to save Canada. He was bold enough to stand at the microphones and say that the United States was on track for a recession, but Canada was not. There might be some impact from what is happening in the States, but it was headed for a recession, and we were not. That is what he said. That was right around the time of the last election, so that was one of the first things he was trying to sell to Canadians.
Okay, so let us look at his track record. When he was over in England, he said that Brexit was going to cause a massive recession. Well, he was wrong. I just talked about what he said about the United States. He was wrong. He said Canada was not going to enter a recession. Guess what. He was wrong, because here we are right now. The 's very own definition has been met: two straight quarters of negative or flat growth.
An hon. member: Oh, oh!
Jeremy Patzer: Madam Speaker, I am just quoting the . I know it is hard for the member to actually grasp his own leader's words, but that is what his own leader said. I am only quoting his own leader. If he does not like it, he can take it up with the Prime Minister.
Let us talk a bit more about some of the signs and the markers we have been seeing when we talk to Canadians. We have been telling the government for a couple of years now that the pressures on households are getting to be very tight. What we saw in quarter one was that over 37,000 Canadians filed for insolvency, just in Q1. That is the highest it has been since 2009, when there was an actual global recession and the housing market crashed around the globe. It has not been that high since then. That is what we have been seeing.
Let us look at household debt. Canadian household debt is 103% of GDP. Canadian non‑mortgage debt is $43,300, up from $40,200 two years ago, which was already a crazy high number. Now, when we look at the snapshot for just homeowners, non-mortgage debt is $82,400, up 19% in two years. Canadians are feeling the pressure and are putting more on their credit cards. It would appear that they are following what the government has been doing.
What has the government done? The government has been living off the credit card that the taxpayers basically provide it. Every single announcement the government makes is borrowed money. The government has been running on constant deficits for a very long time. We saw a bit of a recent influx in government revenues because oil prices have gone a bit higher and the government actually benefited from that. What did the Liberals do? They spent it. They blew it. The deficit for this year alone is almost $80 billion.
Let us take a look at what the national debt looks like. Canada is over $1.3 trillion in debt. That number is massively rising every single day.
What is the Bank of Canada telling us? Well, there is 523 billion dollars' worth of debt that has to be refinanced. That was refinanced when the former prime minister said, “Interest rates are at [all‑time] lows, Glen”: 1%. It is now being recalled at 3%, so the share for every Canadian, just on that number alone, is going from $1,500 to $1,900 because of that jump from 1% to 3%. That is going to have a massive impact, and that is just in the short term. There is longer‑term interest that is going to be up for renewal as the years go on, and those rates are going to be higher and higher. We have a continually snowballing and cascading effect that is going to rock Canadian households.
Let us take another look at what is happening in the business world. Business capital investment fell 0.7% in quarter one, which was the fifth straight quarter that business investment in Canada has fallen. This comes after a 10-year run with the Liberal government when foreign direct investment of over $1 trillion left Canada. For every dollar that came in, two dollars left. That is what we are seeing here. That is the by-product of what is happening today.
When we look at some of the other statistics from the Bank of Canada and a few others, they mention that government spending was down 2.5% and that is what caused a bit of a drop in GDP. The fact that it is government spending that is also driving that shows the government is the one trying to artificially prop up the economy. The private sector is struggling. We are not seeing massive private sector investment. There are a couple projects here and there, but we are just not seeing the large-scale investment that is required.
Let us look at what the Liberals wanted to do. Coming out of the election, they said they wanted to build at speeds not yet seen. What did they propose to the House? It was Bill . They said they needed Bill C-5 because that was going to allow them to do what? It was to override their own bad laws they had put in place, because they recognized that was the problem. They said they needed Bill C-5 so they could circumvent their own laws that they had created. We said it would be better if they just scrapped the bad laws but that we would play ball and help them out, so we worked with the government to pass Bill C-5. We put some safeguards in there to make sure the was not greasing the palms of his buddies at Brookfield, and we helped them pass Bill C-5.
Then they put projects on the list. There are a couple of LNG projects on there. They have been on that list now for well over 250 days. We are closing in on almost a year with some of these projects listed, and there has been no movement. Nothing is happening. Germany came here and said it wanted our LNG, and the government said, “Sure, this time we'll work with you to make sure you get some LNG.” When did it say we would deliver the LNG to Germany? It was sometime in the 2030s. There is no fixed date because the government does not actually know. What did Germany do? When the former prime minister said there was no business case, Germany went home and built an import terminal in 194 days. That is a shorter amount of time than the projects have been on the Major Projects Office list with nothing being done.
What have Conservatives done? Well, we proposed the Canadian sovereignty act because we wanted to help the government get out of its own way. We proposed that in the same way we are doing here today, with an opposition day motion, to give the government a template to kind of get the ball rolling, to help it advance the football down the field, per se. The Liberals voted against it. They had an opportunity to implement another one of our great plans, and they voted no.
They took our advice and scrapped the consumer carbon tax. Now they are saying this is one of the greatest cost-saving moves they have ever made, and that is because Conservatives were right. It was Conservatives who put the pressure on them to do it, and eventually they relented.
Maybe if they would implement the Canadian sovereignty act, which would repeal the bad laws like Bill and Bill , that would get them on the right track and get them going, because Bill was supposed to be the mechanism to help them circumvent those laws. If they would implement the Canadian sovereignty act, it would get them going in the right direction. It would also get rid of the industrial carbon tax, which we know is putting massive downward pressure on investment in Canada because nowhere else around the world wants the same type of pricing mechanism that the government is going to enforce on Canadian industry. It is going to be devastating to Canadians.
The Liberals should look at what Conservatives are proposing. We have had some great ideas that would help them and that probably would have helped them avoid entering this recession, which has been made by the Liberal government. If they want to work with us, we have great ideas. They have said no to many of them, and now they have to pay for that, which means Canadians have to pay for it because the government has no money. It is only because Canadians pay taxes and the government prints money against the future of Canadians that it acquires any money. At this point in time, if it wants to get the economy rolling, the government could take some of our great ideas that we have proposed, and that would actually help it avoid this recession.
:
Madam Speaker, I appreciate the opportunity to participate in today's debate and to set the record straight in response to the opposition's frequent attempts to talk down the Canadian economy, Canadian industries and Canadian workers.
Before I launch into my speech, I want to take a moment to thank the from northern Saskatchewan on this side of the House, who is, by far, the best representative for that province sitting in the House of Commons. He has advocated to ensure that Saskatchewan can supply uranium for the nuclear energy that India needs, and he has also advocated for our canola producers to ensure that we unlocked access to the Chinese market for them again. He has done an incredible job since he has joined the House, and members opposite should be ashamed for talking him down like they do the Canadian economy every single day. While the members opposite seem to wake up every morning hoping for bad news in this country, on this side of the House, we wake up every day and get to work for Canadians.
We know that Canada did not create the tariff and trade disputes that have knocked the global economy off its moorings. On this side, we also know that Canada did not create the war in the Middle East. It seems obvious to say this in the House of Commons, but sometimes the obvious avoids the minds of the Conservatives for some reason.
Energy prices have pushed higher as a result of the war in the Middle East, which are, again, beyond our control. Increased market volatility and geopolitical instability are fracturing supply chains and weighing on the global outlook across the world economy. Neither our economy nor any economy can escape the impact of these unfortunate developments.
We cannot control everything that happens abroad, but we do control what we do here at home. That is exactly what we are focused on. We are focused on what we can control. Ascribing responsibility for the impact of world-shaking developments onto the government of Canada is like seeing a bride dance with her father and concluding that the two are getting married. In short, it involves ignoring the full range of facts relevant to the analysis, which the Conservatives always seem to leave out, and jumping to the wrong conclusions. That would be no way to run a country.
The origins of the challenges being faced by Canadians and their government are beyond our borders. Countries around the world are being hit, and in some cases, they are being hit extremely hard. Let us take, for example, some things that we know. The Canadian economy is highly integrated with our southern neighbour's, making us even more susceptible to the impacts of the trade relationship that has often been one that we have relied upon. That is why the most trade-exposed industries, such as automotive, steel, aluminum, etc., are where the job losses are the most concentrated, but we also see half the sectors in our economy growing. Those that are less exposed to trade are expanding.
Despite the challenges we see in the Canadian economy, with some of our industries being impacted by trade and tariffs and others growing at a time of crisis, the IMF still says that Canada has the strongest fiscal position in the G7 and expects Canada to record the second-strongest growth in the G7 this year and the following year. The IMF believes, as we do, that the Canadian economy remains resilient, with ongoing growth in household spending and business investment.
We have seen consumer spending rise by 1.5% over the last quarter, and it is up nearly 2% year over year. We we have also seen business investment in new equipment, machinery and IP protection grow by over 10% this year, but Conservatives conveniently ignore this fact. It is a direct result of the productivity superdeductions and immediate expensing measures that we put in budget 2025, which are focused in those areas to help businesses make those capital investments at a time of global uncertainty. This may be bad news for the Conservatives, but it is good news for Canadians.
The Conservatives like to paint a picture of doom and gloom because it suits their narrative, their social media clips and their fundraising emails. All of that seems to be the only thing they care about when they are speaking in the House. They ignore that our per capita GDP is rising. In quarter one, GDP per capita grew by almost 1% at 0.9%.
The Conservatives stood up in the House, and I cannot remember, but it must have been for five years, talking about GDP per capita as being the core measure of the strength of our economy. They went on and on about it, and today they do not give a hoot about GDP per capita. It rose by almost 1%, and we do not hear Conservatives say anything about it, not one word, despite having advocated for GDP per capita to be the core measure of the strength of our economy for over five years in the House.
They look past the fact that foreign direct investment is at a nearly two-decade high and is running at twice the rate of our nearest G7 peer. They also conveniently ignore the fact that credit arrears and insolvencies remain broadly in line with historical averages. We just did a study on this at the finance committee, where our government and the members on our side all supported the Conservative motion to study household debt. What we saw was that household debt is at historical averages after being at a pandemic low. What is really interesting about household debt in Canada is that Canadians have five times the wealth compared to the debt they have on average. They have five times the wealth. This is a significant stat that, obviously, the Conservatives would like to ignore, because it is not convenient for them to admit.
They conveniently gloss over the fact that non-U.S. exports are on track to double over the next decade, up 36% with 20 new trade and security agreements having been signed in just over one year. Their petty partisan slogans conveniently ignore the fact that wages have outpaced inflation every month that the government has been in office. In fact, wages have outpaced inflation and have been double the rate of inflation in the most recent statistics.
The Conservatives, again, have sat in the House for years and years. I am looking at two members who are relatively new, so they would not have an institutional memory of this, but Conservatives sat here and told us that wages needed to rise and that people needed stronger incomes and reduced taxes. This is exactly what the government has done. We have achieved wages growing higher than the pace of inflation every year that the government has been in the House. The Conservatives would rather ignore the fact that Canada now ranks as the most attractive country in the world for infrastructure investment. To top it off, Canada has added more jobs per capita than the United States has. In fact, we have added double the number of jobs the United States has.
Let me also say that our biggest bank, our biggest pension plan, even the central bank governor, the governor of the Bank of Canada, have all come to the finance committee and said that Canada is attracting global investors at a rate they have never seen before. I know that is not convenient for the Conservative narrative that they love to perpetuate, which is that Canada is broken. They are simply choosing to ignore Canadian ingenuity, Canadian hard work, Canadian resilience and that grit of the Canadian people to grow, despite the challenges we face. It is not true. It is just not true. The truth needs to be spoken in the House.
The resilience is rooted in the fact that our government has taken action to support Canadians through these challenges by building a stronger economy at home, protecting Canadian jobs and sectors, diversifying our trading relationships, making life more affordable for Canadians, attracting investment and boosting productivity.
We know, for example, that as a result of the ongoing global instability, Canadians are facing challenges in managing the cost of living, and they are facing them right now. This means that, while our plan to build the strongest economy in the G7 takes effect, affordability pressures, especially those related to food and essentials, demand immediate support for Canadians, so that is why we are stepping up. The Canada groceries and essentials benefit, for example, will help Canadian families by building on the former GST credit. The amount is increasing by 25% for five years as of July. In addition to that, it will provide a one-time payment, to be issued this Friday, June 5, which is equivalent to a 50% increase in the 2025-26 annual value of the GST credit.
Combined, this means that a family of four will receive up to $1,890 this year and about $1,400 a year for the next four years. A single person will receive up to $950 this year and about $700 a year for the next four years. That is literally making life more affordable for millions upon millions of Canadians. In fact, the new Canada groceries and essentials benefit will provide additional significant support for more than 12 million Canadians. That is a significant number.
The Conservatives fail to recognize that we are stepping up to provide these supports. They would call the tax measures and programs that we offer “garbage”. They do not seem to want to help Canadians at all.
While we are reining in government spending on operations, we are also investing in the Canadian economy and offering federal benefits, supports and tax measures to help Canadians. Not only are we putting more money in the pockets of those who need it most, but we are also leaving more money in their pockets with our middle-class tax cut. By lowering the first marginal personal income tax rate from 15% to 14%, since July 1, 2025, we are saving two-income families up to $840 this year.
That measure is for 22 million Canadians. The first measure, as I mentioned, is for 12 million Canadians. This tax cut is for 22 million Canadians. That is over half the Canadian population. It is a significant number of people who are going to benefit from that income tax cut. This rate reduction is providing meaningful relief to middle-class Canadians during the current period of economic uncertainty.
What is more, the bulk of the relief will go to the incomes in the two lowest tax brackets. This is a commitment that we have always had, one that I know the Conservatives do not share, which is to help the people who need it the most. That is a core Liberal value. It is a core value on this side of the House. I know the Conservatives have always just supported tax cuts for the rich, but at least we understand the challenges that Canadians face. We are stepping up to help the people who need it the most.
We know that no one is more important to consider through the lens of economic security than our kids. I have three young girls at home, and I would bend the space-time continuum to ensure their health, safety and prosperity and to ensure that their lives are protected and that they live the fullest lives possible. I am sure every parent would say that about their kids. That is why we made the investment in a national school food program permanent, which Conservatives have, on the other side, called “garbage”. They have misinformed Canadians, despite the fact that I have seen the programs deliver food to schools and to kids in classrooms. I have actually participated in that program, and I have seen the good that the program does across my region and Durham region.
Conservatives have said that there is no food in the food program. They have said that multiple times. They have tried to misinform people about feeding hungry children. They have actually voted against feeding over 400,000 more hungry children in the country, while standing up in the House every day and claiming that they are with the people, that they support families, that we need to do more to support people who are food insecure. What a crock. I have never heard a bigger crock of nonsense in my whole life than the Conservatives feigning and faking that they somehow care more than we do about Canadian families and kids who are in food bank lineups. We are the ones stepping up to support them with a billion dollars over five years, as well as having made that program permanent.
That was an ask from Food Secure Canada and the Coalition for Healthy School Food, which has been around for decades. Our government is delivering the investments needed in that program to make sure kids are fed all across the country. I could not be prouder of that measure.
On the home front, we are boosting housing supply across Canada through the improving housing supply act, which means that $1.7 billion would go to provinces and territories to remove barriers and accelerate homebuilding, such as through reducing development fees and levies on new home construction.
To help Canadians buy their first home, we introduced the first-time homebuyers GST rebate. With this rebate, we have effectively eliminated GST for first-time homebuyers on new homes up to $1 million and reduced GST for first-time homebuyers on new homes between $1 million and $1.5 million. That tax cut for homebuyers will save Canadians up to $50,000, allowing more young people and families to enter the housing market and making the goal of home ownership a reality for more Canadians.
In my home province of Ontario, the agreement that we signed with Ontario will effectively achieve a 13% reduction of the HST charged on a new home purchase. That is up to $130,000 off a $1-million home, and then with a 50% reduction in development charges, that is significant support. It is up to $200,000 in savings. One cannot argue with that. If we want to increase housing supply, deal with affordability in the housing market and help our young people, as Conservatives often say in this House they do, we have to support those measures. Those measures are making an impact. We have already seen and heard anecdotal evidence from our development industry.
To further make life more affordable for Canadians, we are also reducing fuel prices and the pressure on Canadians at the pump by suspending the full amount of the federal fuel excise tax on gasoline, diesel fuel and aviation fuels until Labour Day, September 7, 2026. This is expected to reduce price pressure at the pump and lower Canadians' bills at the gas station, with an expected savings of up to $5.75 on gasoline when filling up a 50-litre tank of fuel. All told, it is estimated this will provide over $2.4 billion in total tax relief in 2026, intended, obviously, to continue to ease the pressure on families. This builds on one of the very first actions we took as a government, which was to lower costs at the pump in provinces and territories, having suspended the divisive consumer carbon tax.
I could go on, but maybe I will just say that we have also supported Canadians with child care, dental care and the Canada child benefit. I know that families in my riding are saving a lot of money by having access to dental care and child care. The average family in my riding will pay about $1,800 per child per month for child care. After we introduced our program, those fees went down by 50%. They have gone down even further. Families are paying about $410 per month right now. Let us just think about how much savings that is on a monthly basis. Families are saving $1,400 a month in my riding of Whitby. That is significant support for families that have young children.
We have also preserved all the federal benefits that Canadians rely on. We have cut taxes. We have not raised one single tax. We have saved over $60 billion, over the next five years, by finding savings within government operations. That is significant. I was at the OECD last week. I had the chance to present on a panel on public finances with Greece, Argentina, Portugal, the U.K. and Ireland, and I can say that our peers across the world look at Canada and envy the fiscal position and the responsibility we have shown in relation to stewarding public finances in this country. I know Conservatives do not believe that, and that is fine. They are often out of touch with reality, and we see more displays of that in this House every single day.
These are just a few examples that I have covered in this speech of how we are bringing down costs for Canadians. The bottom line is that to support Canadians through the current global energy market disruptions, our government is delivering timely, tangible, fiscally sustainable and targeted relief for Canadians at a time when they need it, and we are doing so across a wide range of fronts.
Today's motion, by failing to account for the most prominent causes of the economic pressures that Canadians are struggling with, presents an incomplete and therefore faulty analysis. The bride is not actually marrying her father, and Canada is not doing as poorly, in comparison to the rest of the world, as this motion would suggest. As the famous American philosopher and pragmatist William James rightly concluded, “Pessimism leads to weakness. Optimism leads to power.”
We choose optimism and power. That is what building Canada strong means, and we urge this House to reject today's motion accordingly.
:
Madam Speaker, I thank all of my colleagues for contributing to the debate on this important motion. I am not saying that everything in it is right, nor am I saying that everything in it is wrong, but it is an important motion.
Before I begin, I want to say that we have concerns about the impact AI will have on our lives. Just today, in fact, I think we saw an example of how AI can insinuate itself into parliamentary debates. The government whip stood up and read us some AI text from a source that cannot be verified. There is no way to tell if it is true or false. Then there is the member for , with whom I get along very well. We do not agree on everything, but we have a good working relationship. He studied philosophy. He is a philosopher, yet he stood up in the people's assembly and, with a philosophically straight face, said that, if AI suits his partisan agenda, AI is right, and that is just the way it is.
Personally, I believe we are capable of having healthier debates in the House, especially since this is a technical debate, a debate on numbers, and since we might end up having to meet somewhere in the middle. With respect to this motion, what will ultimately determine how we vote will probably be the accuracy of the facts cited. According to the motion, we are in a recession. We have had two consecutive quarters of negative growth. There was a significant contraction of 1% in the last quarter, followed by a quarter for which we have only preliminary data. We know the data will be revised, but for now there was a very slight decrease of one‑tenth of a per cent.
First of all, I do not like the term “technical recession”. I was talking about this yesterday with the member for , who says we are not in a recession. He is not saying that the economy is doing well. He is saying that we are not in a recession, as if that is some sort of award, as if he could skate off with the puck by saying that we are not in a recession and that that is their objective as a government. In an economy, the aim is not to avoid a recession; it is to achieve real growth that increases people's purchasing power and raises living standards. I do not like the term “technical recession”. Think about having pneumonia. Can someone have technical pneumonia, but not pneumonia? Can someone have a bout of the technical flu, but not the flu? That is not how it happens. Either we are in a recession or we do not know yet and we will find out later. There are symptoms. It is a bit like psychiatry, in that there are clinical criteria. Sometimes, not all of the criteria are met. Sometimes, no one is sure of the diagnosis and it gets figured out down the line. However, one thing is certain: Things are not going well.
The Liberals are telling us that we are not in a recession. I would like to send a message to the member for Marc-Aurèle-Fortin. GDP data is constantly being revised. Right now, the growth is negative, but perhaps it will become positive when we look at future versions of the data. That is what the Liberals are telling us. They are saying to wait for the forthcoming data. However, when the data for the past few quarters was revised, positive quarters became negative. In the second quarter of 2025, the GDP dropped by 0.2%. The data for the fourth quarter of 2025 was also revised, but not in the government's favour. When the data is revised and things are worse than we thought, the Liberals should be taking some of the blame for that, but they are not.
How do we know if we are in a recession? First, it is not up to Statistics Canada, the government or us to decide that. In the United States, the National Bureau of Economic Research is the one that decides whether the country is in a recession based on a set of criteria that is generally in keeping with two consecutive quarters of negative growth, but the criterion is not two consecutive quarters. In Canada, we have the Business Cycle Council at the C.D. Howe Institute that has its own criteria. To determine whether we are in a recession, we need to assess the extent of the variation in the GDP. In this case, Canada saw a contraction in the first quarter, but it was very small. We need to look at the duration. There can be a recession with just one quarter of contraction. If the economy were to plummet by 30%, then we would not have to wait for the next quarter to see that we are in trouble. It depends on the specific circumstances. It depends on the extent of the slowdown. We want to know how many industries are affected. We want to know whether there has been a significant impact on GDP across many industries.
Are we in a recession or are we not? No one knows. Neither the Conservatives nor the Liberals can say for sure. This is an absolutely absurd debate.
More than that, this debate is obscuring the fact that the economy is not doing well. It is appalling that we would spend a whole day wondering whether we meet criteria 1, 2, and 3, whether we will meet them in two months, or whether the first month of the second quarter is positive or negative. It is appalling because no one believes the Canadian economy is sustainable in its current state. I think this is a distraction from the real debate.
However, it is reasonable to fear a recession because, while the unemployment rate is high, it has remained stable. The employment rate has held up relatively well, but it is fragile. That is true, and it is one of the criteria for a recession. As we can see from the GDP data, Canadian companies that are having trouble exporting have started to increase their inventory. What does that mean? It means that warehouses are filling up. They have not laid anyone off yet, but there are closures. There are significant impacts on businesses. However, some companies have decided to maintain shifts, not lay everyone off and build up their inventory. Warehouse space is finite. They cannot keep stockpiling goods indefinitely. What this tells us is that when it comes to exports, trade and negotiations with the United States, we are sitting on a ticking time bomb. The state of inventories is critical.
For the same reason, the economy occasionally recovers after a recession, but without adding any jobs, because businesses start selling off the inventory that was sitting in their warehouses, without rehiring people. There may be early signs of a recession without any job losses because our businesses are resilient and do not want to lose their workforce straightaway by laying people off.
We have talked about the importance of the wage subsidy in maintaining employment relationships for people who are being laid off. These days, if a company lays off its workers, someone else will poach their expertise. Of course, the has been telling us for a year now that the situation will soon be resolved. However, once the situation is resolved, the businesses will not be able to get their employees back.
As I was saying, there are warning signs. I listened carefully to the member for . It is not always easy, but I did it. He broke down the GDP for us. He told us that investments are ongoing thanks to their superdeduction. In reality, the superdeduction is the chantilly cream of fiscal policy. It is not a superdeduction. Are members familiar with chantilly cream? It is whipped cream with a bit of sugar mixed in. The pretty name is just to make it seem more appealing. The same goes for the superdeduction. It is not a superdeduction. It is the same accelerated depreciation found everywhere, including in the United States. On top of that, they have picked the winners.
Some companies are telling us that Canada has a digital sovereignty problem. They say that they want to get into fibre optics because the forgot about fibre optics in these sectors, because he picked the winners. Now, the government is telling us that it is a superdeduction. It is not a superdeduction. It is accelerated depreciation. He talks about it like it is the greatest thing since sliced bread, an unprecedented novelty, as if accelerating depreciation were a generational change. It is taxation 101, and it shows that this language is just hype, just rhetoric.
The minister's parliamentary secretary told us that investment has increased and that consumption has held steady. It is true that household consumption has held steady. That is because we are showing solidarity. The Prime Minister is doing something that is taught in a first-year university course. It is called stimulus measures. When people are struggling, cheques are sent out to support consumption. This adds to the government deficit and will have to be paid back at some point. It is working for now, but sending out cheques is not a recipe for success over the next 10 years. What we need is growth. Government spending is also helping to offset that. Procurement is starting up, but these government expenditures are not a recipe for growth.
What is wrong with the GDP? Let us break down the GDP figures. I see the member for : He knows this, because he breaks down these figures. He is a bit like me: He loves this sort of thing. What is driving the weakness in GDP is exports. We are in the midst of an export crisis. If I may coin a term for educational purposes, it could almost be called an “export recession”. This highlights the importance of our relationship with our American neighbours, as well as the importance of improving that relationship, even though they are not always easy to deal with. We may be negotiating trade agreements with the White House, but we do business with companies across the United States that still value their relationship with us, and it is with those companies that we trade. We need to strengthen our relationship with them. This shows how important it is to launch these negotiations with the United States. Mexico has already started. Formal negotiations have begun.
When the was elected, he told us he was the best negotiator in the history of humankind, that he needed to be elected, that he would perform miracles and that the negotiations would go smoothly. That is what he told us. Since then, we have observed that the things that win votes in Canada hurt our relationship with the U.S. Some very harsh remarks have been made. I do not like Donald Trump any more than anyone else does. I do not think that what he is doing is acceptable. However, it is clear that the Prime Minister himself chose to damage his relationship with with U.S. in order to win votes in Canada, and that comes with a high cost.
We have a breakdown of the data. No matter which way we analyze it, the absence of a deal and the absence of negotiations are having a critical impact on Canada's economy and on exports. Funnily enough, the member for was explaining all the components of GDP earlier, but he skipped over the one that is in crisis, so let me give my colleagues the numbers. Last quarter, compared to the same quarter last year, exports fell by 4.1%. That is a 4% drop. That is huge, and that is the problem. Things are only getting worse. The negotiations are not starting. Are we in a recession today or not? That is not the question that matters. What matters is that the plane has crashed nose first and people are wondering if it has hit the ground yet or not. That is exactly what is happening in the House.
Canada's real exports, after correcting for inflation, fell by 4.1% in the first quarter. The quarter before, they fell by 2.9%. The quarter before that, they fell by 2.3%. The quarter before that, they fell by 3.5%. All of these figures are in comparison with last year.
Keep in mind that we always receive the statistics a little later and that the quarter has only just begun, but the figures I just cited essentially cover the Prime Minister's entire term in office. How do we define the Prime Minister's term? He took office in the midst of a tariff crisis, that is true. He did not create it, that is true. He could not negotiate everything in the first week, that is true. However, in every quarter of his term, we have neither an agreement nor any negotiations. Our relations are deteriorating, and things are falling apart. Nearly 80% of our exports go to the United States. I understand that the Prime Minister is out and about with his address book, travelling and striking trade deals, and that is fine. However, it is wrong to believe that we should completely set aside our relationship with the Americans. That would be economic suicide. That is literally what the Prime Minister is doing. That is what we are seeing with the 4.1% drop in exports. That is what we should be discussing today: that figure, and that figure alone.
It is always difficult to talk about the economic situation in Parliament. However, let us be honest. When jobs are created, the government often claims that it has created them. Most of the time, that is not true. There are cyclical factors. There are international factors. Governments do not necessarily create jobs. Likewise, a recession is not always a government's fault.
I will give the example of the Harper government in 2015. After Stephen Harper became prime minister, there was an energy crisis that led to a crash in oil prices. That was in no way the federal government's fault. Later on, Canada found itself in a recession. That was not Prime Minister Harper's fault. The job losses and decline in investment were the result of a situation that the government had to address. In that case, it was not the government's fault. Most of the time, that is how it is.
However, in this case, the government is playing a special role. The government is describing the situation as though it is not responsible for it. The government is telling us—
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Madam Speaker, the government keeps saying that it is trying to control what it can, but that there is very little that it actually can control. It is going to pay out benefits and put together a package of stimulus measures, as if this could go on forever. The government keeps saying that it is not to blame. However, in this case, the government messed up, because the was elected on the solemn promise that he would be better at negotiating with the Americans than anyone else on the planet. That was his promise. Today, exports are tanking. I see that as a serious problem.
The Liberals are going to stand up. I know it. I see the MPs on the other side; we are starting to get to know them. They are going to tell us that per capita GDP is rising and that they have put an end to the per capita recession. However, when we told them, over the last two years, that per capita GDP was falling and that the average Canadian was becoming poorer, they told us we were anti-immigration racists, that it made no sense to speak out against immigrants, that they were the ones who would be looking after us in long‑term care. Now, all of a sudden, we are supposed to be talking about per capita measures. They can go back through the Hansard and see that I have been talking about per capita figures for a long time.
What happened? The Liberals reduced immigration levels. They used to be under the thumb of the person who is now their ambassador in Washington, someone involved in the Century Initiative group. These people had decided that there would be 100 million Canadians by 2100 and that they had to get to work immediately, without co‑ordinating with the provinces to ensure that these people would have access to services, that immigration would be successful and that everything would run smoothly.
I am in favour of immigration. I met the love of my life thanks to immigration. That is not the issue. We want integration, housing and so on, but the Liberals are cutting all that stuff. The population is declining, and they are proud of that. They say per capita GDP is growing. Economists are usually happy when GDP is growing because it indicates increased productivity, but in this case it is what we call a denominator effect. GDP is divided by the number of people. The Liberals are reducing the number of people, which means there is a chronic productivity issue, yet we are supposed to be impressed with them even though they attacked us relentlessly when we said the same thing three years ago.
The same goes for housing. I do not necessarily agree with everything in the motion. I do not think that we will support it considering how it is worded. The government knows full well that it is not going to build 500,000 homes in three years. It knows full well that housing was under pressure. As the latest data show, in the greater Montreal area, for example, we have almost reached a break-even point, with a vacancy rate of around 3%. There is a connection. The important thing is not the identity of the people in the housing, it is the number of people compared to the number of housing units. The number of housing units has to increase in proportion to the number of people to avoid creating pressure.
The Liberals will say that housing prices are dropping because of Build Canada Homes, something that no one has figured out yet. We do not understand how it works. The Crown corporation signs agreements and makes announcements, but no housing has been built. The Liberals will boast that their policies are working. We have been telling them this for years.
Earlier, the member for told the Conservatives that they never suggest anything and that all they do is complain. We have been proposing ideas for successful and well‑thought‑out immigration for years and we were called racists. Today, they are going to say that all we do is complain, and yet the is incapable of negotiating a trade agreement, the Saint‑Michel sawmill in Saint‑Michel‑des‑Saints is about to close and our furniture industry is in crisis. The Liberals will tell us that exports to Europe have increased. Indeed, aluminum smelters are sending aluminum to Europe that they are not selling to the United States, and that is what is inflating the data. That is exactly what is happening. No, we are not getting any results.
The Liberals laugh at our proposals, but when we ask them to create a wage subsidy to free up the employment insurance system—whose actuarial structure cannot withstand two crises within seven years, including COVID-19—they should listen to us. When we tell them to reform employment insurance as well, they boast about having implemented yet more temporary measures. People are living in uncertainty. When we have had pilot projects for 15 years, perhaps it is time to assess whether they have worked and to move toward reform. Launching one pilot project after another is not policy. It is improvisation.
We are also asking that the government purchase a portion of the countervailing duties paid to the United States on behalf of the forestry industry. This would be an asset for the government that would provide liquidity to players in the forestry sector, enabling them to maintain their operations and deal with the unjust situation the Americans created. What am I doing? Is this just whining?
We are asking them to ensure that health care funding increases keep pace with the 6% rise in system costs. It is 5% this year and will drop to 3%. What is this? Is this just whining? Are they telling us that rebuilding a hospital creates fewer jobs than a military base?
To kick-start the economy, some choices need to be made.
The government pulls out its numbers, they break down the GDP and they tell us that everything is fine. They say that they are doing everything right and that it is not their fault when things are going badly. However, when things go well, they say it is because of the policies they implemented four or five months ago. I call on all government members to show a little more humility, because we have a long way to go in this matter.
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Madam Speaker, I am very pleased to participate in today's debate on Canada's economic future, particularly with regard to the reality facing all Canadians as we speak, because yes, sadly, Canada is in a recession. It is with great joy and pleasure that I will share my time with my distinguished colleague from , and I thank all those who are vigilant, unlike myself, who have unfortunately dropped the ball. In that regard, I will have a few words to say about people who have dropped the ball.
We are not happy to note that Canada is in a recession. As all economists know, a country is in a recession when its gross domestic product, or GDP, is negative for two consecutive quarters. Some may seek to qualify this particular recession, but, mathematically speaking and quite clearly, it is defined as follows: If the GDP is down for two consecutive quarters, it is a recession, and that is what we are dealing with.
Some have tried to quibble over this definition of a recession. However, beyond the quibbling, there is the reality of the hardships faced by Canadians—hardships that have plagued Canada for far too long. We have the worst food inflation among G7 countries. Every month, 2.2 million Canadians turn to food banks for food. Let us not forget that we are in Canada. Of that number, one-third are children. Families, fathers and mothers, cannot afford to provide for themselves and must resort to visiting food banks.
I want to mention some folks in my riding, including people at Amélie et Frédérick and community fridges in Val‑Bélair, L'Ancienne‑Lorette and Loretteville on Racine. These people are working hard to provide food aid, and God knows their work is essential. We are fortunate that these volunteers with various charities in every riding, especially my riding, Louis‑Saint‑Laurent—Akiawenhrahk, are thinking of the least fortunate. The thing is, these folks are telling me that the people who donated to food banks for years are now the ones coming to food banks so they can feed their families properly.
Unfortunately, Canada also has the second-highest unemployment rate among G7 countries. That is the reality in Canada. Those are the problems Canadians are facing. This confirms the sad reality that Canada is in a recession: those 112,000 jobs that were lost since the beginning of the year. There is the reality faced by entrepreneurs who want to invest but are dealing with serious concerns about economic stability. They cannot invest in an environment that is not stable, and the Canadian economy is currently losing momentum. We can also see the impact in trade flows. Some $20 billion in investment has left Canada, on top of the $1 trillion in investment that has not been made in Canada over the past 10 years under Justin Trudeau and the current . That is why we feel that the Canadian economy is weakening, that it is declining and that it is in recession.
It is also important to understand that, over the last 10 years, Liberal governance has, unfortunately, not changed much. Take a look at what happened between 2015 and 2025, and from 2025 until today. Unfortunately, we are still on the same track. The government spends without restraint, it shows no concern for properly managing the money of Canadians who pay GST every day and their taxes every month, when our primary responsibility, as parliamentarians, is to ensure that the money is spent wisely. We have been living beyond our means for nearly 11 years. The debt has risen by $1 trillion, which is almost twice the total debt accumulated over the previous 125 years. That is the reality of Liberal management: $1 trillion in additional debt.
Last week, I had an exchange with the Minister of Finance during committee of the whole. I reminded him that he is the third-most senior minister in the government, since the and the Minister of Industry were both appointed ministers as soon as Mr. Trudeau was elected. Six months later, the member for , the current Minister of Finance, was appointed.
Today, as Minister of Finance, he is responsible for debts totalling $1 trillion, because that $1 trillion in debt has accumulated over the past 10 years. That is money we do not have. That is money that had to be printed. That is debt we are passing on to our children, our grandchildren, and our great-grandchildren, who have not yet been born but who will have to pay for it. That is why we must be careful. That is why we need a positive, winning strategy for Canadians.
Our Conservative approach is basically to leave more money in the pockets of Canadians. Two months ago, we started a debate about transportation and gas taxes. That affects all Canadians, not just those who have a gas-powered car. We know that the goods we buy, like food, do not fall from the sky. These goods are transported, and, in many cases, gas is involved. This gas tax affects all Canadians.
Our proposal was very clear: Abolish all federal taxes for the entire year. That would leave $5 billion more in the pockets of Canadians. We believe that people are better at managing their money than the government, to whom they send their money in the form of taxes.
The government used our idea to fuel theirs, no pun intended. They decided to temporarily cut the excise tax by 10¢ for a few months. To paraphrase Neil Armstrong's words in reverse, cutting the tax may be a giant leap for the Liberals, but it is a small step for taxpayers. That is why we need to go much further.
Our approach is to abolish all federal taxes. That would leave $5 billion more in the pockets of Canadians. That is how we can help people.
We also wanted to unlock the full potential of Canada's natural resources. I have had plenty of opportunities to discuss this in my time here and on prior occasions when I was in the National Assembly. I am an ardent fan and strongly in favour of all the natural resources we have and all energy sources. When I talk about energy, I mean green energy, renewable energy and so-called fossil fuels.
Canada has it all. Canada has every energy source that countries would go to war over. Canada has all the natural resources it needs to achieve its own and the planet's full potential. Canada is ready to go. Unfortunately, the government spent a decade holding back the development that Canada needs, that Canadians need and that the whole world needs. The whole world needs more energy. It needs the natural resources and rare materials that Canada has. The way I see it, there is no such thing as going too far with any of this.
Furthermore, we must continue to open the door to free trade with countries around the world. As I mentioned a few moments ago, that has been the case in Canada since Brian Mulroney's terms in office, since the 1988 free trade agreement and since Jean Chrétien's efforts to extend that North American agreement. I am also proud to add that, under Stephen Harper, we truly broke down barriers by concluding agreements with nearly 40 countries, and that is a good thing. I am very pleased to see that the current government is following in those footsteps.
We must continue in this direction, while recognizing that Canada is a champion of free trade. If free trade creates real wealth for Canadians, then it should go hand in hand with lower taxes and lower taxation. If we are capable of that, if we are a global model for free trade, then we should also practise free trade within our own country.
I therefore urge the government to go further. That is why, unfortunately, Canada is in a recession. Canada deserves better.
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Mr. Speaker, it is always a pleasure to speak to opposition motions. Today Conservatives call on the House to recognize that the Liberal has given Canada the only recession in the G7. It is so sad that it has come to this and that we have to call on the House to recognize the sad fact that Canada is in a recession and is the only country in the G7 for which that is the case.
Why is Canada alone in the G7? The government has blamed international events and continues to blame international factors for Canada's poor economic performance, but I point out to the House that every other G7 country faces the same international factors. The Liberals cite war in Ukraine, in the Persian Gulf and in Iran, but this affects all countries. They talk about the trade war that we certainly do not want and did not ask for in Canada, but I point out that the United States is tariffing itself. It faces tariffs. It has made the decision to make its own citizens pay tariffs on what it imports, yet it is not in a recession. It is Canada alone among G7 countries that is in a recession, so we have to look at other factors driving this.
The Conservative motion calls on the government to recognize that Canada has the worst household debt in the G7. There was devastating testimony at the finance committee about a month ago. Equifax and TransUnion, two of the businesses that track consumer debt behaviour, informed the committee that indebted Canadians are getting deeper in debt. They are going further into debt, and the credit balloon is continuing to expand but not with additional players.
It is not that Canadians are buying homes for the first time, or this kind of thing, and becoming new participants in credit. No, indebted Canadians are getting deeper in debt. They are coping with this not with higher salaries and higher incomes to pay their debts. They are stretching out their payments, refinancing their loans, skipping out on essentials, cutting back on other expenses and exhausting their savings. This is not sustainable. This is not going to give us a consumer-led recovery, because consumers are tapped out.
In fact, Food Banks Canada just released a report that says that among lower-income Canadians, food, other essentials and housing combined are more than 100% of the average household budget. People at the lowest levels are the people getting deeper in debt. They cannot afford food. They cannot afford gasoline. They cannot afford housing. They are coping with it by exhausting any savings they might have and getting deeper into debt.
Affordability is part of the crisis that we find ourselves in. With respect to housing, we call upon the government, in the motion, to acknowledge that we have the worst housing affordability in the G7. A first-time homebuyer, a young person or young family hoping to establish a new household and buy a home as part of a long-term financial plan or as a way to put down roots in a community, has not have a hope under the government.
The Liberals have presided over the astonishing run-up in the cost of housing that has shut out a generation of young Canadians from home ownership and traps people in rents that they are increasingly unable to afford. Rent has more than doubled under the Liberal government. Even though rents have been coming down for the last 18 months, as it has pointed out, they are still more than double what they were when the government took office.
We see housing as unaffordable. The Liberals have killed the dream of home ownership for a generation of Canadians. They have created a country in which one's ability to become a homeowner is really tied up in the question of whether or not their parents were homeowners and are able to share their equity with their children by refinancing their own home, lending them the money, co-signing, or all the different things.
I was in the mortgage industry, and for the entire length of my career, a normal person with a normal, proper job who wanted to buy a home could save up the down payment over a period of a year or two and could come in, qualify for a mortgage and buy a home. That is simply impossible now in almost all of Canada's major cities. It is a real shame. We heard testimony to that effect at the finance committee.
Our motion calls upon the government to present a plan to reverse the situation we are in. The Liberal government squandered the opportunity it had when it was first elected. Let us go back in time for a minute to 2015. In 2015, when the government was sworn in, it had a balanced budget and a conditionally approved pipeline to the west coast. Literally days after the government was sworn in, it cancelled the northern gateway pipeline.
If that pipeline had been built, it would right now be pumping 525,000 barrels a day to world markets. Let us think of the economic activity just from that one project alone. At today's prices, that is nearly $50 million a day. Let us think of the tax revenue foregone by the government. Let us think of the paycheques that do not exist from all the jobs that would go into the production and transmission of 525,000 barrels a day at today's prices.
The Liberal government blew it, and that was just one pipeline. There was also not yet an application, but there was an intent to build an east coast pipeline as well, and the government chased off that project when it started musing about changing, even before it put in Bill , which really nailed the door shut and made sure no pipelines would ever get produced. What the Liberal government has done is it squandered the opportunity.
There were years when there was a strong world economy in the early years of the Liberal government, and the Liberals blew it. They still ran up deficits. They spent the cupboard bare in times of relative prosperity globally. Ever since then, they have been less able to cope with crises and have left us where we are today, extraordinarily in debt with a $67-billion deficit that the government just tabled and fiscal anchors that have been just cut loose. They announce one and then they abandon it.
The Liberals have presided over a productivity crisis that, two full years ago, the senior deputy governor of the Bank of Canada said was a break-glass emergency. Well, the Liberals did not break the glass and deal with the emergency. They have just fumbled along right up to this very day.
The told everybody, about 15 months ago, that he was the man for a crisis and that he was the person who would have a deal with Trump's America by July 2025. The Prime Minister said that this was the time for prudent fiscal management and that as a banker he had the skills to manage the national budget. He said that he was a man for a crisis. It was all an illusion. Here we are now at a time when we are in a recession. We are the most indebted country in the G7. We have food bank usage that is off the chart. We have housing that is staggeringly unaffordable.
We have the same global concerns as every other country, but we are the one that is in a recession. The responsibility for that lies on the , and the 10 and a half years of financial and economic mismanagement that has occurred under the Prime Minister and the government's watch.
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Mr. Speaker, I will be sharing my time with the member for .
I would like to begin where this motion does not. I will not begin with the numbers, but with the people this motion is supposed to be about. Somewhere, today, there is a parent at a kitchen table, running the math on a mortgage renewal for a second time because the first answer could not possibly be right. There is a young person in the same house who did everything they were asked to and is now looking at the cost of a home and wondering whether this country still has room for them. I am not going to tell either of them that these things are better than they feel. They are actually not, and we all know that. That worry is real, and it deserves a serious response, which is exactly what this motion is not, so this is where I part ways with the who put this motion forward.
The Conservative Party offers that family a story that all of this is the fault of one or two people, conjured in a single year, and that the cure, which the member just spoke about, is to simply tear things down. It is a tidy story. It asks nothing hard of the party that is telling it. It is a bid for power and a social media clip dressed up as an answer, but it is wrong. It is wrong about how we got here, and it is emptiest precisely where it ought to be the fullest, which is on what they would actually do instead. The members opposite are just about everything they are not and have no ideas about what we should be doing.
Let us give that family an honest answer. The pressure did not arrive all at once. It built slowly over decades, through what successive governments of all stripes and at all levels chose to do and, far more often, chose to put off. There were too few homes built year after year, infrastructure was deferred and deferred again and productivity was left adrift while other countries pulled ahead. The one I know best is that, for decades, we let it become too hard to build big things in this country. Governments left the walls standing between our provinces so that it stayed easier to trade with another country than to trade with one another.
None of it was inevitable. It was the accumulated cost of choosing not to act. The bill for everything that was waiting came up at the very moment the global economy was being torn up and rewritten. There are tariffs at levels not seen in generations and supply chains are fracturing under conflict in Europe and the Middle East. The has called this what it is: a rupture, not a transition.
I did not come to this chamber as a political staffer. I did not grow up in politics. I came from building companies and creating actual jobs. I know what it takes to start something, to make payroll and to scale a business past the point that it is fragile.
I know the patterns the members opposite never name. In this country, we generate world‑class research. We build competitive firms and then, sometimes, we watch the industrial scale, the intellectual property, the jobs and the talent migrate somewhere else. This pattern is not a law of nature, but a result of choices. This is a government that has finally made the other choice. It has chosen to back our champions, keep our IP here, keep jobs here, build talent here and let Canadian companies scale without having to leave Canada to do it ever again.
We have made it easier to build big things again with the Major Projects Office so that nation-building projects stop dying in the queue. Ground has already broken on projects, like the port expansion in Montreal, which will move Canadian goods to the world for decades, and there are four major projects in my own province of British Columbia. The One Canadian Economy Act tears down the internal trade walls I just described. We have a productivity superdeduction so that businesses can write off investment right away and have a reason to make it here. We have a plan to unlock $1 trillion in investment over the next five years. We have $6 billion and 100,000 new skilled trades workers through team Canada strong so that we have the hands to build what we approve. We have Build Canada Homes, which is not another task force, but an actual builder with more than 7,500 homes already under way in this country.
Here is how I know it is working. It is showing up in my own province. Anglo Teck is choosing Canada as its headquarters, bringing blue- and white-collar jobs to British Columbia. Torys is opening up a new office in Vancouver. Lululemon is keeping its headquarters in British Columbia. These are companies that could plant their flag anywhere on earth, and they are choosing here because they see what British Columbia and Canada have to offer. They are betting on our prosperity. They would not place that bet on a country in decline.
The Conservatives are gleeful about the fact that there are challenges in this country. They propose no solutions and they continue to tear down, but what the rest of the world is seeing, through foreign direct investment, companies moving their headquarters here, talent coming to this country and researchers coming to this country, is that this is the place to build a future. That is because we have a and a government that are focused on that, know what it takes to build big things and are prepared to do the heavy lifting to get it done.
The wider proof is real. Wages have outpaced inflation every single month this government has been in office. Foreign investment, as I said, is flowing to us faster now than it is to any of our closest peers. It is at an 18‑year high. Canada has now surpassed the United States as the most attractive market in the world for infrastructure investment. Our economy is now projected to grow the second fastest in the G7 this year and next. To me, this is not the portrait of a country in retreat, but a country that has decided to build again.
The opposite asked the government to “immediately...reverse all the economic policies” that got us here. I would ask him to be honest about what that actually means. Does it mean reversing the Major Projects Office? Does it mean eliminating the superdeduction that rewards firms for investing in this country? Does it mean eliminating the work to tear down the walls between our provinces or the $6 billion for 100,000 new tradespeople?
While he is at it, let him tell that family at the kitchen table which of their savings he means to take back. Is it the national school food program, which his own party has called “garbage”? Is it the child care that his party calls a “slush fund”, which has benefited people in his own riding? Is it the dental care that seniors in his communities are currently benefiting from? Are those the programs he would choose to roll back?
To the Conservatives, the help that gets a family through the month is a line item that they sneer at. It is something to be looked down upon. To us, it is precisely the point. It is lifting families up so that they can build success. We cannot rip out the scaffolding and claw back what families are counting on and call that a plan to build.
I understand the impatience. After this many years and decades of building too little, Canadians have every right to be impatient, but impatience is not a reason to stop building and tear out the scaffolding. It is a reason to build faster. A family having a tough time does not need a politician to name their fear back to them, only louder. They have lived that fear. They do not need it performed as political theatre. The young person wondering if there is room for their future in this country does not need another performance of outrage from the members opposite, which has, sadly, become the only thing they seem to know how to do. Young people need us to build something worthy of their trust, and that is what our government has chosen to do.
In times of crisis and in times of difficulty, Canadians expect us to come together and build big things. They expect us to put aside pettiness and all of the things we cannot do to focus on the things we can and should do. They expect us to show up with solutions.
All of us who have kids know that when we have difficult conversations with them, a temper tantrum is not the way to a solution. Resolution comes through doing things together and showing by example. The Conservatives would have us believe that by ripping up the paper, tossing our toys and walking away, we are somehow going to build a stronger economy. That is not how economies are built. They are built by people who are prepared to invest in this country, which we are seeing now in record numbers. We are seeing that through workers who are prepared to be retrained today for the jobs of the future. That is what we are seeing. It comes with governments that are prepared to match the ambition Canadians have with what they need, which are the resources and the support to be able to get to those places.
Danielle Smith talked about how working with this is a joy. David Eby talked about how working with this government is a joy. I am really curious to know how provincial governments, from Wab Kinew's and David Eby's to Doug Ford's and Danielle Smith's, look at this government and say this is a government they can work with, yet the Conservatives sit there and wonder why their poll numbers keep going down and Canadians refuse to return them to office. It is because premiers of all parties have recognized that this is a government that is prepared to work hard for Canadians, build things for Canadians and invest in the type of economy that Canadians want to see built in this country for a future their kids can look at and be proud of.
Yes, we all know that times are tough. When times are tough, we work together. We are providing solutions to people to give them the supports they need to get through this period. We are showing them a path to a brighter future with the dollars, supports, commitments and, most importantly, the compassion and hope to be able to deliver on big things. We are doing that. We are backing it up by having the provinces and the private sector working with us.
I encourage the Conservatives to stop the slogans and get to work for Canadians with us.
:
Mr. Speaker, today's motion is on a serious topic. However, it is written in a very unserious way.
As we know, the United States has fundamentally changed its approach to trade with countries around the world, not just with Canada. However, given our geographic proximity to the United States and given the fact that it is our main trading partner, this tariff dispute, which we did not initiate, is having specific repercussions on the Canadian economy, our workers and our businesses. At the same time, conflicts around the world, particularly in the Middle East and Europe, are having significant impacts on supply chains, which in turn affect the global economy.
In light of today's challenges, Canadians do not need political theatrics. They need a serious plan to strengthen our economy and make it more resilient. In last year's general election, Canadians had a choice between a team offering empty slogans and divisive politics, and a team with a plan to strengthen our economy. That is exactly what they chose.
Since our election, we have been working to diversify the Canadian economy, facilitate the implementation of major projects of national interest, strengthen domestic demand, and support our workers and businesses.
When we look at the motion tabled today, it is clear that the official opposition is not taking the current challenges seriously enough. Once again, it is presenting us with a motion that seems designed more to fuel social media content and generate sound bites than to propose concrete solutions and work with us for the benefit of the Canadian public.
I can list a few examples to illustrate our work and the results we are achieving. When it comes to economic diversification, we have been working for over a year to strengthen our trade partnerships around the world. This enables our businesses to access new markets and, at the same time, attract foreign investment to Canada.
In fact, over the last 12 months, we have made significant progress in this regard. We have signed more than 20 new economic and defence partnerships and secured nearly $97 billion in foreign investment commitment. These are concrete results. They have an impact on the Canadian economy as well as on the ground, in our ridings.
For example, agriculture is an important sector of the economy in Madawaska—Restigouche, where many farmers grow potatoes. The new agreement with Mexico will give Canadian potato farmers access to a market of over 130 million consumers. I have talked to business owners in my riding about this, and they are very excited about the benefits of this new agreement. That is how we build a strong economy: by providing new markets and new opportunities for Canadian businesses.
I also want to mention that, in our work to strengthen the Canadian economy, we are also looking to develop new sectors and build capacity in areas where we may be less competitive right now. I will use the commercial space industry as an example. Right now, Canada is the only G7 country without sovereign space launch capabilities. That means that our country, our businesses and our institutions have to rely on foreign countries, particularly the United States, to launch their satellites into orbit.
This reliance has real-world consequences. It is diverting investment to other countries. Naturally, since we lack sovereign space launch capabilities, investors turn to other countries. This leads to costly delays for our companies, since they need to launch their satellites through other countries. In addition, our critical infrastructure is at the mercy of decisions that are beyond our control.
In an increasingly uncertain and competitive world, Canada can no longer rely on others to guarantee its access to space. That is why we introduced a bill on Canadian space launches. This legislation will be a real game-changer by establishing the framework needed to build Canada's own space launch capabilities. The idea is to boost Canada's commercial space launch industry.
These changes will have real benefits for the Canadian economy. They will help develop a new commercial space industry in Canada and create numerous opportunities, particularly in the telecommunications sector. This is a particularly promising area. We often hear about connectivity problems in rural areas. Certain emerging technologies like low-earth orbit satellites show a lot of potential for improving connectivity in regions that are currently underserved by cellular networks. However, if we want a seat at the table, we need to have the capacity to develop these technologies in Canada and then be able to launch our own satellites. This also opens up all sorts of interesting opportunities in navigation and natural resource development in remote regions, as well as in the defence sector.
This will also help reduce costly delays for Canadian businesses. We also expect it to attract billions of dollars in investment to Canada. In fact, since the announcement of this bill, several Canadian and foreign space launch companies, as well as foreign governments, have approached our government to signal interest in doing business in Canada for satellite launches. This is creating new partnership opportunities with our NATO allies and strengthening Canadian sovereignty. It is a concrete example of how our plan to strengthen the economy also helps strengthen our defence capabilities and our sovereignty. Moreover, as a member from an Atlantic riding, I am pleased to note that this potential is particularly significant in the Atlantic provinces, where several spaceports are under development, including the Maritime Launch Services spaceport in Nova Scotia and NordSpace's Atlantic Spaceport Complex in Newfoundland and Labrador.
When we talk about investments that will strengthen the domestic market, when we talk about investing in infrastructure, building housing and delivering major projects of national interest, we have to start by investing in our workforce and our workers. In last month's economic update, we announced a plan to increase the number of workers in the country's Red Seal trades. For starters, apprentices attending technical training can get up to $400 in financial support per week—$16,000 per year—plus a $5,000 bonus when they obtain their certification. We want to give them a financial incentive to help them complete their training from A to Z. We will also provide financial support to small and medium-sized businesses that offer on-the-job training because apprentices have to accumulate a certain number of hours to get certified. Specifically, we will provide up to $10,000 in wage subsidies to small and medium-sized businesses that take on apprentices. This is an effective way to increase the number of welders, electricians, plumbers and carpenters, to name just a few. These workers are essential to achieving our ambitious goal to build more in Canada.
When we talk about providing employment opportunities, we also need to talk about youth. In budget 2025, we announced increased funding for the Canada summer jobs program. In my riding, it amounts to an investment of over $1.5 million this summer to support more than 400 jobs. These jobs provide practical work experience for young people in Madawaska—Restigouche. They will have an opportunity to work for community organizations, municipalities, day camps, the construction sector or SMEs. This wide range of employment opportunities might not have been available without this funding. For employers, SMEs, community organizations and municipalities, this is a game-changer. Over the past few weeks, I have called over 200 different employers in my riding to let them know the good news that they are going to receive funding this summer through this program. Based on the feedback I received, the program is making a real difference to them. I would like to take this opportunity to wish all the young people in my region who get jobs through the Canada summer jobs program a terrific summer.
When we talk about building a stronger Canadian economy, we must also ensure that we build a fair and equitable system and that we are there for those who need it most. That is why all our efforts to strengthen the Canadian economy are accompanied by a social safety net. I am thinking of all the programs we have put in place over the years, including the Canada child benefit, the Canada disability benefit, the Canadian dental care plan, the affordable child care programs and the Canada groceries and essentials benefit. These programs make a huge difference to those who need them most. Unfortunately, when the official opposition is presented with measures that genuinely help people, their instinct is usually to oppose them.
In closing, I think that we can see a contrast between this side of the House and the other side. The motion that is before us today is a joke. It was written in such a way that it cannot be supported. It seems to have been designed to generate sound bites for social media. It proposes very little in the way of concrete measures. On our side of the House, we do not let ourselves get distracted by this sort of grandstanding. From day one, we have remained focused on our work. Canadians gave us a clear mandate: to strengthen the Canadian economy and make it more resilient. That is what we are doing to deliver the results the public expects.
:
Mr. Speaker, on Friday morning, we learned that Canada is the only G7 country in a recession. This is the topic the member for Edmonton West will address, as I will be sharing my time with him. As he will explain, we are the only G7 country in a recession. For the past five days, we have been waiting for a response from the , a man who has portrayed himself as a brilliant economist and crisis manager. For five days, we have been in crisis due to the revelation that our economy is the only one in decline, for two consecutive quarters. We are the only country in North America that is in a recession.
What does the Prime Minister have to say about this?
First, he said nothing. It took four days before he spoke to reporters. Last night, he approached a reporter. He thought she might ask him a nice question, perhaps give him a compliment. He was very happy. When she got to the microphone, the reporter asked him a question about the recession. Suddenly, he was unable to speak. He turned around and dodged the question. That is quite a response from a great economist.
This morning, we asked him the question: Is Canada in a recession?
He did not answer, other than to say that the economy is weak. Yes, it is weak. It is not the biggest and fastest-growing economy in the G7, as he had promised. It is a weak economy. Then he started making up excuses.
Today, we are going to deal with the excuses that the Prime Minister is coming up with to justify having the only recession in the G7. Today, he says it is purely accidental and that if we take a closer look at the data, we will see that the investment component of GDP is up.
Let us look at the report that Statistics Canada released on May 29, 2026. What does it say about investment?
Allow me to quote a line from that report:
Business capital investment fell 0.7% in the first quarter of 2026, the fifth consecutive quarterly decline.
Investment has been down for five straight quarters. One of the causes of this recession is the dearth of investment. Based on the numbers since this Prime Minister took office, there has been a net decline of $20 billion in investment. In fact, we have the worst investment numbers in the G7, and we can see that the only economic aspects that went up last quarter are government spending and consumption, not investment.
The Liberals' second excuse is that this is just a technical recession.
There is no such thing as a technical recession. Two consecutive quarters of negative growth is, by definition, a recession. The Liberals and their friends say we cannot just look at a single data point, so, okay, let us look at more data points.
In the first three months of this year, 112,000 jobs were lost. The net number of jobs lost since the Prime Minister took office a year ago is 45,000.
Canada's unemployment rate is the second-highest in the G7. It is one-third higher than in the United States. The economy contracted in three of the last four quarters since the Prime Minister came to power. Our economy has bled more than $20 billion in net investment. A total of $109 billion drained out of the Canadian economy, and only $89 billion flowed in. Most of that foreign investment has been used by foreign corporations to take control of Canadian businesses. There has been no real, material investment.
Canada has by far the highest level of household debt in the G7. This may be why Equifax reported that the number of insolvency cases had reached levels not seen since 2019, with a 19% increase over the previous year. In fact, 1.5 million Canadians missed a minimum payment on their debts. The mortgage delinquency rate rose by 32% compared to the previous year.
When we look at the numbers in Canada, it is clear that we are in a recession because of the Liberal policies that have been imposed. No, they cannot use the usual excuse of tariffs or global factors. Every other country in the world is facing these challenges, but no other G7 country except Canada is in a recession. Mexico is part of North America and shares a border with the United States, but it is not in a recession. Canada is the only one in a recession.
That is why we need to reverse the Liberal policies that caused the recession. The recession was caused by taxes, anti-development laws, government red tape and the doubling of the deficit. We, the Conservatives, are proposing to cut taxes on labour, energy, investment and housing construction. To reduce the cost and size of government, we are proposing to cut red tape, consultants, business support, foreign aid, handouts for bogus refugees and so on. The free enterprise system will enable us to grow our economy and cut costs. That is a real solution and that is what we are proposing today.
[English]
I rise today to address the news from Friday that Canada is the only G7 country in a recession. Five days have gone by, and the has not bothered to answer a single question in the House of Commons addressing this terrible news. He said he was a man with a plan, a guy who could handle a crisis, and yet for four days, he would not even take media questions on the fact that Canada was the only G7 country in a recession.
Yesterday, while walking out from a speech, a journalist called him over. He had a big smile on his face, expecting that the media was going to again throw rose petals at him. When he arrived and found that the question was about the recession, he said oh, ah, and he turned around and walked away, that being his first response after four days of learning that Canada is in a recession, the only country in the G7 in a recession.
Today, he finally took a few questions from the media but refused to answer whether we were in a recession. He did make a number of excuses. He claimed that it was just that some aspects of GDP shrunk. In reality, he said, investment, is up.
What does Statistics Canada say about that? The report that broke the news of the recession said, “Business capital investment fell 0.7% in the first quarter of 2026, the fifth consecutive quarterly decline.”
It is not true, , that investment is up. In fact, the only things that were up were government spending and consumption, meaning that Canadians had to spend more just to survive. The things one would want to be up, like the net exports, were down. We have a trade deficit. Investment was also down.
He went on to claim that, in fact, it was just a technical recession. In what sense is it technical? The textbook definition of a recession is two back-to-back quarters of negative growth. That definition is met.
Liberals then say, as the said today, that we cannot focus just on one thing. I agree. Let us focus on the other data points.
In the first three months of the year, 112,000 jobs were lost. Since the took office, on a net basis, there are 45,000 more Canadians unemployed. We have the second-highest unemployment in the G7, a third higher than in the United States. Of the last four quarters under the Prime Minister, the economy has shrunk in three of them. Business investment is down 0.7%. Over $20 billion of net investment has fled since he took office. Equifax reported that insolvency rates have increased to levels not seen since 2009, up 19% year over year, and 1.5 million Canadians have missed a debt payment in the first three months of this year alone, with mortgage delinquency rates up 32% year over year. Canada has the biggest household debt load of any country in the G7. The CEO of the Daily Bread Food Bank in Toronto said that one-tenth of Toronto is now eating at a food bank. That is the real cost.
This is not technical. Hunger in the bellies of Canadians who cannot pay their bills is not technical. Canadians need a reversal in the Liberal policies, and that is what we are fighting for today. Let us have a strong, affordable and safe Canada.
:
Mr. Speaker, I am very pleased to rise today on our motion.
Food Banks Canada had a stark warning, and this is a stark quote from its most recent report: “Something fundamental has shifted in Canada.” It goes on to further say that, in Canada, “a job is no longer enough to ensure a reliable pathway to stability.” One in four Canadians is facing food insecurity, and 20% of the 2.2 million lining up every month at food banks are employed. I am going to read again that line from the report: in Canada, “a job is no longer enough to ensure a reliable pathway to stability.” That is what over a decade of the Liberal government has inflicted upon Canada. Something has fundamentally changed in this country, and it has fundamentally changed for the worse because of the government.
In Edmonton alone, we have two separate food banks just serving veterans. Those who have served our country in the military, but also RCMP, have two separate food banks to serve them, just for them to get by. At the same time, we have the spending close to $200,000 for gourmet meals on his jet just for three trips, while the Liberals are spending $200 million for Liberal insiders for a concrete pad, a cement pad, in Nova Scotia.
Canada has entered recession territory. The Liberals will quibble and say that it is only a technical recession and really does not count, but the economy is shrinking: not just the last two quarters, but three of the last four quarters. We are the only G7 country with a shrinking economy. In fact, even basket cases like France and Italy do not have shrinking economies. We are in fact the only economy that has shrunk in the last four quarters in the G7. No one else has: not the U.S., not Germany, which continues on its path to net-zero economic suicide, and not Italy, without all the oil resources we have, but just us. Again, think of the old world, the G7, and all the issues they are having with the Ukraine war and being cut off from their natural gas resources, and yet somehow they have avoided a recession like ours.
This GDP issue reflects our stagnating standard of living and anemic productivity growth and highlights our weakness in business investments. According to the Fraser Institute, investment in plants, machinery equipment and IP has fallen 20% as a share of the economy in the last 10 years. I wonder what happened 10 years ago that would cause us to be on such a decline. Further, the last four years have seen this decline accelerate, matching about four years ago when the current started helping the government as a special economic adviser. What a coincidence, I know.
More sobering news is from the Bank of Canada monetary policy report. The member for just previously was saying that the Liberals believe in the Bank of Canada and that the Bank of Canada has all the information, and he asked if we did not believe in the Bank of Canada. Well, I believe in the Bank of Canada monetary policy report, which actually shows that the government is misleading Canadians on growth. The Bank of Canada is predicting, next year, a 16% lower GDP growth than the government just did in its spring budget. The year after that, it is predicting a 13% lower growth. I ask the member for Winnipeg North whom he believes. Does he believe the Bank of Canada, as he just stated he does, or does he not now, when it is not convenient for him?
Even the Bank of Canada does not believe the government when it says that we are the fastest-growing economy in the G7. We are not.
Further, which is even more sobering, for 2026, of the anemic growth that we have under the Liberal government, the Bank of Canada is saying 75% is from added government spending. It is not from exporting oil, perhaps, and not from IP or investment, but from government spending. In 2027, 44% of the growth in the forecast is government spending. The year after, 25% of all the growth that the Bank of Canada is seeing in GDP is coming from government spending. This is not a way to grow out of the troubles we are in, by just simply borrowing more money and spending more money. Over the next five years, we are going to have almost $400 billion just in interest payments. What are we getting for it? We are not getting growth, like the one we see in the other countries. We are seeing a shrinking economy.
What do we do about this? Well, apart from joining Marty McFly and Doc Brown, getting into a DeLorean and going back to 2015 to ensure that Trudeau does not get elected, we can change the policies now. We can start undoing the Liberal policies that are wrecking the economy.
The Chamber of Commerce, just recently in a submission to the finance committee, said that the government needs to focus on competitiveness, and that we cannot compete globally because of a regulatory and red tape regime that is seen as cumbersome and anti-investment. We have well over 300,000 different rules and regulations, over 450 different acts, sometimes with thousands of regulations per act that are tying up and slowing our economic growth. What does the government do? Well, normal governments around the world would perhaps say, “Well, let us reduce red tape. Let us cut some of the red tape.”
We know defence procurement is a mess, but instead of actually addressing it, the government created another bureaucracy to work around its own rules that it created. For major projects, it is same thing, adding more bureaucracy to work around the other bureaucracy it created. Further, the government created another bureaucracy for red tape reduction, and 34 full-time equivalents were added to the bureaucracy to cut red tape.
We submitted an Order Paper question asking what the government managed to cut for regulations. With 34 full-time employees, we ended up with 29 regulations repealed. Here are some of them. They repealed UN regulations regarding Sierra Leone. Wow, that is going to grow the economy. They cut regulations on corded window covering products. They cut regulations regarding board elections for the Wheat Board, years after the Wheat Board went away. This is what 34 full-time employees managed to do over a period of a couple of years to cut red tape. They changed regulations on the Wheat Board elections for the board of directors of a Wheat Board that does not exist anymore.
How are we going to grow the economy if this is the best the government can do? We could get our energy products to market. We could build pipelines. We could get rid of the oil and gas emissions cap. The government will say that we do not have that anymore, but it has not come out and said that the cap is dead. We could get rid of the anti-Alberta tanker ban, Bill . We have a private member's bill before this House right now to eliminate the tanker ban, and Liberals are opposing it. It is perfectly fine to have Saudi Arabia oil come up the St. Lawrence, but we cannot have Alberta oil off the north B.C. coast. We could get rid of the costly industrial carbon tax and the unconstitutional “no new pipelines” bill, Bill .
If we want northern gateway to get built, which could add tens of billions of dollars of added growth to the economy, the government needs to get out of the way. It needs to kill Bill , the anti-Alberta tanker ban. It needs to kill Bill . It needs to get rid of the oil and gas emissions cap. We need to get rid of the government's determination to wreck our economy.
:
Mr. Speaker, I am happy to be sharing my time with the member for .
I will be opposing the motion. We have a comprehensive plan. I am seeing in my travels across the country and in my riding that the plan is starting to deliver results. If we take an honest look at the full set of strategies the government has announced, the measures as early as June, with the income tax cut and the delivery of the Major Projects Office, forward to the budget in the fall, with major measures to prime our economy, through to the spring economic update and the strategies we have announced during and since then, we see a plan that is starting to work and to have impacts on the ground.
I want to refer to a couple of these strategies because they provide important context when the official opposition is calling for a plan. The plans have been presented and are starting to land, I think, quite positively with Canadians.
I will give the example of the national electricity strategy, which we announced just recently, with an intent to double our capacity by 2050. We know that electricity is a key competitive advantage for Canada and that we have abundant and relatively clean electricity. This is an area where Canadian ingenuity, workers and opportunities coast to coast are available to develop the kinds of technologies that help lower costs and emissions, and help to prime and benefit industries at home, but also lead in some cases to an exportable technology.
I know there are a lot of innovators in Taiaiako'n—Parkdale—High Park who are working on businesses and innovations that are delivering, whether that is a more efficient grid, solutions that are putting power back into the grid or, indeed, solutions that are using previous internal combustion engine-based or fossil fuel technologies and converting them into cleaner technologies. The national electricity strategy is a very prominent example of one of the plans that exist in our broader plan to deliver economic well-being to Canadians.
I would also refer to the critical minerals strategy, which is, again, a key competitive advantage for Canada. We need to have the processing capacity and to identify the specific minerals that are available to us. The and other ministers have taken a leadership role in creating buyers' clubs by bringing companies, countries and investment funds together to identify real opportunities and then using the Major Projects Office to deliver opportunities to get those projects under way more quickly. A critical minerals strategy is key to our economic plan.
I would also refer to our auto strategy, which I, as the Parliamentary Secretary to the Minister of Industry, have some considerable involvement with, as it is the 's strategy. She is working very hard to protect access to the American marketplace and to protect the investments that exist in Canada but also to attract not only new investments around electrification and electric vehicles but also related investments in software and electric vehicle charging infrastructure. I am very proud to see that some of these sectors, which previously were confined to southern Ontario, are now spreading across the country.
I had the pleasure of going to the electric vehicle and charging expo recently in Toronto. It was such a pleasure to see companies from coast to coast to coast delivering innovations, including electricity charging for vehicles at apartment buildings in Vancouver, all-in software solutions out of Quebec and even the first green hydrogen heavy truck vehicle, developed by Elemental Trucks out of Rexdale. There are so many innovations coming out of Canada, from Canadians, out of this opportunity and this excitement around the kind of economy we are building. We are seeing it in the numbers. My colleagues the and the have already referred to some of these statistics and some real benefits that are coming from these strategies.
I will also refer to an area that I spend a bit more time on, the research and science portfolio, where we are seeing people coming by the hundreds from around the world, some of the most talented scientists, who are attracted by our impact+ research chairs program and our impact+ scholars program, to say that Canada is the place to do science. We just recently announced 658 doctoral and post-doctoral researchers. The best and brightest in the world are choosing Canada in part because, first, this is the place to do science and research, a place that is not going to be corrupted by politics, and second, there is economic opportunity and the hope that comes from the ability to do this work and deliver these innovations in Canada, for Canada and for Canadians.
I see the benefits of our economic strategy starting to take root in places like the University of Calgary, where I recently had the chance to visit a Genome Canada‑funded project. This is one of the great stories, and I am seeing so many of these stories coast to coast now, where we have eastern and western Canada coming together to deliver the kinds of innovations that are going to grow our economy. The specific project I saw was a project to make underground energy storage safer by using tiny underground microbes. This is a set of University of Calgary researchers collaborating with a Newfoundland and Labrador start-up, Triple Point resources. Again, there is confidence. This is a Canadian start-up out of Newfoundland and Labrador, which is investing its precious capital in innovation toward a carbon-reducing solution, collaborating with scientists out of the University of Calgary. This is the kind of national economic spirit that we are seeing more and more of, that this , with this government, is delivering.
We know that this has been the year for space in Canada. I was recently in Longueuil, Quebec, at the Canadian Space Agency headquarters, as part of the Horizons conference co-developed by the Canadian Space Agency and Space Canada, a government agency and an industry association working very closely together to ensure that the future space economy is one that Canada can depend on and benefit from. It is in this year of science, when we have not one but three Canadian Space Agency astronauts intimately involved in some of the key missions that have captured the globe's attention: Jeremy Hansen, Jenni Gibbons and, soon to go to the International Space Station, Joshua Kutryk. The Canadian inspiration around that has resulted in more interest and more investment. I meet a number of young people now who are starting rocket clubs, who are excited about participating in this sector and who often can get support through our research funds to then develop that kind of science and innovation. This is part of our economic strategy as well.
I see this locally as well, with companies like TransPod, out of my riding, which is developing a high-speed transportation solution between Calgary and Edmonton. Again, this is a Canadian company in eastern Canada working collaboratively with those in western Canada. I see it with a company like Beachman industries, again, in my riding of Taiaiako'n—Parkdale—High Park, which is one of the first companies in decades to get certified by Transport Canada for motorcycle manufacturing. It is Canada's only electric motorcycle manufacturer. The co-founders have big ambitions to take this innovative technology and to grow it into the transportation space, delivering transportation solutions. They are Canadian innovators in auto manufacturing, and in this case, it is happening right in the heart of downtown Toronto.
What I also appreciate about our economic strategy, though, and I do not hear much about it from the other side, is that the economy is not just the GDP. It is the GDP per capita, so I do want to compliment my colleague the , but it is about much more than any one statistic. It is about the kind of community we create that makes it possible to have economic activity. It is about the kind of community we create that gives people the confidence, the support and the resources to participate productively in the economy, like national child care and the PSW tax credit.
I had the pleasure of speaking at the SEIU excellence awards, the first-ever awards event that the Service Employees International Union put on for its health care workers, Local 1. I saw those PSWs, mostly women, mostly educated in other countries, say that, yes, because of the work done together and because of the government recognition of that work, there is going to be a tax credit that is going to recognize their specific efforts during the pandemic and beyond. That is going to put aroun $1,100 in those workers', mostly women's, pockets. Members can bet that is going to help the economy in those households because those families, those women, are going to be spending that money out in the economy.
I even see it in places like the many business improvement areas that we are blessed to have in Taiaiako'n—Parkdale—High Park, which is the home of the original business improvement area, in Bloor West Village. We are hearing from them that, yes, public safety is really important, and there is some appreciation for the new provisions around bail legislation, and that public safety and the public realm as well as supporting people at different levels of the economic scale and different income levels are key to having a strong economy. In Taiaiako'n—Parkdale—High Park, we are very appreciative of the opportunity to see that.
Finally, in my riding, I see it in the housing we are building, whether it is social housing, supportive housing or some of the co-operative or private sector housing that I will be happy to talk about in future months in the riding. The kinds of housing opportunities we are creating in the riding create an opportunity to participate economically in a much more productive way. It is a kind of investment in housing that, unfortunately, I hear regularly criticized by the other side.
We have an economic plan that is starting to land with Canadians, and I look forward to questions on it from my colleagues.
:
Mr. Speaker, this is literally what the response was that I got from AI about the motion. Word for word, it said, “This motion is built for maximum rhetorical punch, not factual or analytical strength. The motion collapses complex economic indicators into a simplistic, worse-than-the-G7 narrative, cherry-picks metrics without context and demands an impossible remedy that has no coherent policy meaning.”
I hear my friend from Saskatchewan across the way criticizing AI. I would remind him to tread lightly in this area, given the fact that I am pretty certain at least 70% to 80% of the questions asked during question period by the Conservatives are generated by AI, before he goes down that path of trying to be critical of it. I can understand why he does not like listening to what was generated as a response, but it is the reality of the situation.
The real irony is not that AI spit out the obvious and what everybody already knows. What it really comes down to is that this is exactly what Canadians are feeling right now in watching the 's response to what has happened. Let us just take ourselves back to Friday morning when Statistics Canada released information that we were in a technical recession by a declining growth of, listen to this, negative 0.03%. We are talking about a really small percentage.
The jumped on this news like it was the biggest gift he has ever received. He was so gleeful about it. He gathered whoever he could from his caucus who remained here on a Friday; they usually disappear halfway through question period on a Thursday. He dragged them out in front of this building, lined them up behind himself at 9:30 a.m. and gave a press conference with a gigantic smile on his face. He was so excited by this news.
Imagine being a member of this House, one of the 343 members, let alone the Leader of the Opposition, and taking such joy in knowing that Canadians are suffering? That is exactly what we saw from him. That is not even where it ended, because it got even worse than that.
Rightly so, a reporter from The Hill Times asked the , on the topic of the economy, “Might you be going a little too far with this by suggesting that this is a massive, colossal economic situation?” The Leader of the Opposition, the member for , started laughing at the reporter and said, “Of course you are making excuses for the . What outlet are you from?” The reporter said The Hill Times, and the Conservative leader said, “Oh, yeah, The Hill Times.”
What I find so utterly amazing is that Conservatives, much less the , are unable to recognize that their strategy may have been really effective in 2024, but with everything going on in the world right now, with the way that the U.S. is positioning itself against us right now and is treating us like an economic enemy at times, and with the sense of incredible pride that Canadians have in wanting to stick together and fight this together, the Conservatives still think that it is a winning strategy to talk down Canadians, to talk down the and to talk down the position we are in. I can wonder all day long about why the Conservatives think this is an effective strategy, why they are doing this and why they have not realized that their 2024 tactics are just falling on deaf ears right now.
People do not even have to listen to me. They do not even have to consider the fact that I am bringing this to their attention. They can just look at the fact that it is reflected in the polling. It is reflected in the decision in the last election. Canadians do not want the Conservatives. They do not want that rhetoric. They do not want that style of approach. They do not want a Leader of the Opposition who is going to laugh at reporters, challenge what outlet they are with and then dismiss them. Canadians do not want that.
I really wish that my colleagues across the way, who keep heckling me right now, would take a moment to reflect on the fact that maybe there is a little bit of truth to what I am saying. Maybe the Canadian people would like to see humility and would like to see a who actually takes the time to reflect on the world that people live in and does not jump at an opportunity to celebrate it, so that he can say “I told him so” to the on what amounts to a statistical error.
An hon. member: Oh, oh!
Hon. Mark Gerretsen: Mr. Speaker, it is negative 0.03% of growth. I am sorry. It is catastrophic. Look at them. They are doing it right now. They absolutely refuse. They want to make this the biggest, boldest and absolutely worst thing that could possibly happen. That is the narrative they are going with.
I am actually not surprised, because they are just parroting what their did on Friday. He went outside this building, and he took the opportunity to celebrate the position that Canada was in.
Conservatives can keep doing this. They can do it all day long, but I am telling them right now that this is not selling to the Canadian public. The Canadian public is not buying this.
By the way, the Conservatives did this before. What situation did they set up for themselves? Their approach, always, is not asking what they are going to do to improve the lives of Canadians. Their approach is to make the other guy look bad, attack the other guy and beat him or her into submission so that they look like the champions.
Guess what? They tried that in 2024. To a certain degree, they were kind of effective at it, but it did not materialize into their forming government, did it? It did not. They just ended up coming right back. It certainly did not result in Conservatives forming government.
The key thing they are missing is that, rather than just attack, attack, attack, they have to provide solutions. They have to provide alternatives. I have said this so many times in the House.
I am actually trying to give them political advice right now. People back in my war room are probably asking why I will not shut up, because I am telling them what to do, but it is true. I am just trying to help them because I feel like they really, genuinely need it.
The reality is that Conservatives are going to keep doing this over and over and over. It is not going to produce anything for them because the reality of the situation is that Canadians are looking for parliamentarians, especially in the world that we live in right now, to work together, to collaborate together, to come up with ideas together and certainly not to celebrate potential downfalls, which is what the and his caucus are doing.
:
Mr. Speaker, I want to note that I will be sharing my time with the member for .
I rise today in the House to support the Conservative motion calling on the to take action to deal with the recession. I do so with a deep sense of responsibility, but also with great concern for the economic future of our country and that of our children and our grandchildren.
The facts are unequivocal, stark and beyond dispute: Canada is in a recession. The motion tabled today makes that clear. It calls on the House to recognize that the Liberal Prime Minister has given Canada the only economy in recession in the G7. The current Prime Minister has the unenviable distinction of being the only leader among all our partners to have led his country down this path.
While our international partners are tackling global challenges with resilience, Canada is sinking. The Liberals like to hide behind flowery words and their speeches. They call this situation a technical recession. Let us be very clear: There is absolutely nothing technical about this. There is nothing technical about a family having to choose between filling up the gas tank and buying groceries. There is nothing technical about the thousands of workers who have lost their jobs, while our country now has the second-highest unemployment rate in the G7, one-third higher than that of the United States. There is nothing technical about people seeing their dream of home ownership vanish forever because this government's policies have led us to the highest housing costs in the G7.
What the Liberals call a technical anomaly is in reality a crisis of their own making, caused by their own decisions that are suffocating the public by creating the highest household debt in the G7. This is very bad news for Canada, for Canadians, for Quebeckers, and for the people of Beauce, as my colleague would proudly say. People from coast to coast to coast need a strong economy and a government that supports it, rather than weakened Liberals.
Unfortunately, I am not surprised. No one on our side of the House is surprised. This recession is not just happenstance or the result of unpredictable international circumstances. It is the direct result of a decade of Liberal mismanagement.
After 10 years of this government, Canada's federal debt has more than doubled, soaring from $616 billion to $1.473 trillion. This Liberal government has racked up more debt on Canada's credit card than all previous governments put together. The Liberals have flooded the economy with printed money, triggered an inflationary crisis and made life more expensive for everyone from coast to coast to coast. The economy is suffering, and Canadians are being left to foot the bill.
Where is the 's leadership while our economy is collapsing? What is his response to this major crisis affecting Canadian families? It is silence. The Prime Minister has not said a word about the recession. He refuses even to utter the word. He refuses to face reality. He refuses to answer Canadians' valid questions. Instead of presenting a serious economic plan, he prefers to look the other way and feign ignorance. This silence is an insult to workers who are losing their jobs and to families who are asking for only one thing: leadership. The Prime Minister has chosen to hide behind his ministers and stock phrases. His lack of public comment on the matter demonstrates a complete disconnect and a profound disregard for the economic hardship Canadians are facing.
Let us talk about the Liberals' disastrous mismanagement and its devastating effects. While ordinary Canadians are being forced to stretch their own budgets and food banks across the country are seeing record demand, this government continues to squander taxpayers' money on misguided projects, crony contracts and inefficient bureaucracies. Public funds are being managed as though there were no obligation to be a good steward.
Let us look at a few flagrant examples of this waste.
First, let us consider the ArriveCAN scandal. This app was supposed to cost $80,000 and ended up costing $60 million.
Worse still was the Cúram fiasco, which was supposed to cost $1.75 billion and ended up costing $6.6 billion. In the most recent update, the government added an additional $500 million for this system. That is a cost overrun of over $5 billion. Who is paying for that? It is Canadians. It is those who work hard every day. It will be our children and grandchildren who will pay for the Liberals' mismanagement. That is a national disgrace.
The list goes on. I spoke about this next example already this week. A private company is leasing a plot of land from the provincial government for $13,500. That company then turned around and sublet the same land to the Liberal federal government for $20 million a year on a 10-year contract, for a total of $200 million. That is $200 million out of Canadians' pockets for a plot of land that is worth $13,500.
Instead of providing real answers, the minister told me this week that he would love to arrange for me to meet with some astronauts. I will invite my friend from Beauce to come to the meeting. The minister's brilliant management tactic is to offer us a meeting with astronauts in order to explain how a $13,500 lease turned into $20 million in subletting fees every year for 10 years. Come on.
The recession we are in today is no accident. It is the inevitable result of 10 years of structural deficits, stifling bureaucracy, punitive taxes and blatant contempt for sound fiscal management. Spending money does not lead to prosperity. Taxing people does not enrich this country.
That is why our motion today is centred on the need for the House to call on the Liberal to immediately present a plan to reverse all the economic policies of the Liberal government that have given Canada the G7's worst economy.
Canadians are fed up with their government asking them to tighten their belts while the Prime Minister stays silent and his ministers squander billions of dollars on a defective IT system. There is nothing that could justify wasting so much taxpayer money.
Quebeckers and Canadians deserve a responsible government, one that respects every hard-earned dollar of its citizens. They deserve a government that understands that taxpayers' money does not belong to the state.
That is why I support this motion with pride and determination. It is high time to cut Liberal waste, abolish Liberal taxes, restore a balanced budget, reverse these destructive policies and finally give Canadians back control of their economy, along with the hope and the chance to dream once again of a great and proud country.