Philip Lawrence at the Government Operations and Estimates Committee

On October 19th, 2023. See this statement in context.

October 19th, 2023 / 3:55 p.m.

Conservative

Philip Lawrence Conservative Northumberland—Peterborough South, ON

You have probably also read that the former head of Statistics Canada, Philip Cross, has said we currently have the worst per capita GDP since the Great Depression, and the OECD predicts us to have the least and the worst capital investment of any OECD country, the lowest productivity and the lowest economic growth.

Clearly, there is a storm brewing here, right? These numbers are not great. I don't feel great and I don't think the people of Northumberland–Peterborough South feel great about a debt-to-GDP ratio approaching 50% and a deficit now predicted at $46 billion, but this could get much worse, couldn't it, Mr. Giroux?

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