Mr. Speaker, the Bank of Canada has become the first central bank to cut rates because Canada has become the first leading economy to go through an economic contraction. Again, the Financial Times, for which the finance minister once worked, said, “Canada’s GDP per capita has been [shrinking] 0.4 per cent a year since 2020, the worst rate” for any developed economy in the top 50.
Does the government agree that Canada's per capita GDP is shrinking at the worst rate of any of the top 50 economies?