Mr. Speaker, the Canadian economy shrank last quarter. We are halfway to a recession. TD, BMO, CIBC and the OECD have all downgraded their projections for Canada.
TD is saying that while the headline growth number was bad, the underlying details were worse, yet yesterday the Minister of Finance, ignoring mounting evidence, predicted growth this quarter.
Why will he not tell Canadians the truth, that the economy has flatlined and we are teetering on recession? Why is he refusing to provide a real plan for jobs and growth? Does he think wishful thinking is a replacement for a plan?