House of Commons Hansard #37 of the 45th Parliament, 1st session. (The original version is on Parliament's site.) The word of the day was economy.

Topics

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This summary is computer-generated. Usually it’s accurate, but every now and then it’ll contain inaccuracies or total fabrications.

Opposition Motion—Cost of Deficits Members debate the Liberal government's economic policies, focusing on deficit spending's impact on investment, jobs, and the cost of living. Conservatives contend deficits drive down investment, citing 86,000 net job losses and "unsustainable" finances, urging spending cuts. Liberals assert Canada has the lowest net debt-to-GDP ratio in the G7, attributing inflation to global factors, and defending investments and tax cuts. The Bloc Québécois agrees with "abysmal" management, criticizing forgone revenues and oil subsidies. The NDP proposes an excess profits tax. 33100 words, 4 hours.

Statements by Members

Question Period

The Conservatives criticize the Prime Minister's commitment to send $1 trillion in investments to the U.S., which they argue will cost Canadian jobs. They highlight Canada's fastest-shrinking economy in the G7 and the doubling of softwood lumber and auto tariffs, demanding he stand up for Canadian workers.
The Liberals commend a Middle East peace plan and defend their economic record, highlighting the lowest net debt-to-GDP ratio in the G7. They focus on improving trade with the U.S., diversifying international agreements, and supporting Canadian workers and sectors like softwood lumber and auto manufacturing. They also emphasize defending the Charter and border security.
The Bloc criticizes the Prime Minister for broken promises on U.S. tariffs and delayed sector support. They also defend the notwithstanding clause against Liberal "distortions," accusing them of trying to weaken Quebec's sovereignty.
The NDP advocates for workers' right to strike and criticizes the Prime Minister's concessions to Trump on projects like the Keystone pipeline.

Opposition Motion Members debate Canada's economic state. Conservatives argue Liberal government spending fuels inflation, job losses, and declining investment, worsening the cost of living crisis. They advocate for fiscal discipline and private investment. Liberals defend their record, citing Canada's strong G7 standing, and highlight initiatives like tax cuts, housing programs, and a plan to "spend less to invest more" in the upcoming budget. They attribute inflation to global factors. 25200 words, 3 hours.

Adjournment Debates

International development spending Elizabeth May argues that Canada should focus on international development and humanitarian aid rather than military spending, especially given the U.S.'s retreat from multilateralism. Yasir Naqvi defends the government's commitment to international aid, stating that development, diplomacy, and defence are all needed for global security.
Youth unemployment rate Don Davies expresses concern about unemployment and criticizes the Liberals' plans for austerity. Leslie Church defends the government's programs for skills training and job creation. Garnett Genuis states Liberal policies are to blame, and more investment is needed. Both Church and Genuis agree about the need for skilled trades.
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International TradeOral Questions

2:20 p.m.

Nepean Ontario

Liberal

Mark Carney LiberalPrime Minister

Mr. Speaker, Canada has no tariffs on auto parts. Canada has the lowest tariffs on finished goods in the world. We are working towards an agreement that would increase investment in Canada and would increase investment in the United States. However, we will accept only the best agreement for Canada, and the private sector, if we remember that, will make those decisions.

Natural ResourcesOral Questions

2:20 p.m.

Battle River—Crowfoot Alberta

Conservative

Pierre Poilievre ConservativeLeader of the Opposition

Mr. Speaker, the Prime Minister says he is going to put it right in the agreement, so presumably he is going to enforce it somehow. It is another Liberal contradiction, another failure and broken promise by the Prime Minister.

Let us go to energy. Just days ago, the Prime Minister voted in favour of an energy cap that would make it impossible to fill another pipeline; then he woke up and discovered that President Trump has, for the last eight years, supported the Keystone XL pipeline. We know that as long as he blocks production in Alberta, we will not be able to fill that pipeline with oil, so what is he going to fill it with, maple syrup?

Natural ResourcesOral Questions

2:25 p.m.

Nepean Ontario

Liberal

Mark Carney LiberalPrime Minister

Mr. Speaker, I voted, as did a majority in the House, against a motion to get rid of something that does not actually exist. We are working with the private sector, we are working with the Province of Alberta and we are working with the Americans to unlock great Canadian energy to build this economy strong.

International TradeOral Questions

2:25 p.m.

Bloc

Yves-François Blanchet Bloc Beloeil—Chambly, QC

Mr. Speaker, we are making progress. I get a sense that, in a month or a month and a half, my colleague, the leader of the official opposition, will be ready to talk about Quebec's independence. We are making progress.

Meanwhile, medium- and heavy-duty trucks will be subject to a 25% tariff starting November 1. Lumber is subject to various types of tariffs at a rate of 45%. Aluminum and steel are tariffed at a rate of 50%. Automobile tariffs are in the range of 27.5%.

I would like the Prime Minister to explain to us when he will be speaking with businesses in the affected industries, their workers and subcontractors—

International TradeOral Questions

2:25 p.m.

The Speaker Francis Scarpaleggia

The right hon. Prime Minister.

International TradeOral Questions

2:25 p.m.

Nepean Ontario

Liberal

Mark Carney LiberalPrime Minister

Mr. Speaker, it was difficult to hear the last part of the question but here are some key points regarding where things stand.

First, we have the best agreement in the world with the United States. Second, we are in negotiations to ensure that steel and aluminum tariffs are reduced. Third, the tariffs on trucks and automobiles are the lowest in the world.

International TradeOral Questions

October 9th, 2025 / 2:25 p.m.

Bloc

Yves-François Blanchet Bloc Beloeil—Chambly, QC

Mr. Speaker, I will take the Prime Minister at his word regarding what he said during the election campaign. He said that soon after the election, there would be no more tariffs, and that tariffs should not be used to retaliate against friends, allies and partners. He said that the tariffs would be eliminated quickly and that in the week following the election, he would go there and sign the free trade agreement.

He is the one who changed his mind. Not only did he change his mind, but he is also going to negotiate a pipeline to the United States. What will that do to diversify our economy?

International TradeOral Questions

2:25 p.m.

Nepean Ontario

Liberal

Mark Carney LiberalPrime Minister

Mr. Speaker, to diversify Canada's economy with reliable partners and partners like Asia and Indonesia, we just entered into a comprehensive agreement with Indonesia. We are in major negotiations with the European Union and all of the Association of Southeast Asian Nations countries. There will also be deals with South American countries.

International TradeOral Questions

2:25 p.m.

Bloc

Yves-François Blanchet Bloc Beloeil—Chambly, QC

Mr. Speaker, we are well past the deadline the Prime Minister set for himself when he was campaigning. I guess the situation is understandable.

Now he is telling us that negotiations are under way to lower tariffs. It has been six months. They keep going up. The United States is adding new tariffs. This can hardly be called a great success right now.

Can he at least, in the meantime, roll out the programs he announced for aluminum and lumber? Those sectors have not yet seen a penny of what was promised.

International TradeOral Questions

2:25 p.m.

Nepean Ontario

Liberal

Mark Carney LiberalPrime Minister

Mr. Speaker, the member opposite will have the opportunity to support programs for the steel and aluminum industries and all sectors in Quebec and Canada in the upcoming budget on November 4.

EmploymentOral Questions

2:25 p.m.

Conservative

Michael Barrett Conservative Leeds—Grenville—Thousand Islands—Rideau Lakes, ON

Mr. Speaker, since the Prime Minister took office, nearly $54 billion in investments has fled our country, yet the Prime Minister said that Canada will send the U.S., “$1 trillion in the next five years—if we get the agreement we expect to get”. It is Thanksgiving, and I will tell members what Canadians expect. They expect a Prime Minister who will stand up for investment in this country and who will stand up for Canadian jobs.

When will the Prime Minister do that and finally stand up to the Americans, stand up to Donald Trump and stand up for Canadian workers?

EmploymentOral Questions

2:30 p.m.

Oakville East Ontario

Liberal

Anita Anand LiberalMinister of Foreign Affairs

Mr. Speaker, I would like to inform my hon. colleague and the members of the House that we have provided billions of dollars of support for this economy, including $5 billion in a strategic response fund. We are doing this while supporting our workers, supporting sectors, including the auto sector, and maintaining Canada's AAA credit rating and the lowest net debt-to-GDP ratio in the G7. We will get the best deal for Canada, and we will take the time we need in order to get this done.

EmploymentOral Questions

2:30 p.m.

Conservative

Michael Barrett Conservative Leeds—Grenville—Thousand Islands—Rideau Lakes, ON

Mr. Speaker, I would like to inform the minister that Canada has the fastest-shrinking economy in the G7. I would like to inform the minister that the Prime Minister has been all about concessions.

The Liberals have backed down on the DST, backed down on softwood lumber, backed down on auto, backed down on investments and backed down when our workers needed them to stand up to Donald Trump, like the Prime Minister said he would. We have auto plant closures, steel plant closures and layoffs across the country.

Canadians want to know why the Prime Minister is sending $1 trillion in investments to the Americans. When is he finally going to stand up for Canadian workers?

EmploymentOral Questions

2:30 p.m.

Oakville East Ontario

Liberal

Anita Anand LiberalMinister of Foreign Affairs

Mr. Speaker, on this side of the House, we actually believe in the potential of this country. In fact, the statistics are bearing this out. We have the lowest net debt-to-GDP ratio in the G7. Inflation and wages are working in Canada's favour. We will continue to grow this economy by investing in workers and by investing in sectors, and we will do this while making sure that foreign direct investment flows to Canada, where we sit at the very top of countries as ranked in the G20.

EmploymentOral Questions

2:30 p.m.

Conservative

Rachael Thomas Conservative Lethbridge, AB

Mr. Speaker, while in Washington, the Prime Minister bragged that the Liberal government has already driven half a trillion dollars of investment south of the border over the last five years, and then he proudly vowed that he would send another $1 trillion south of the border if we get the agreement we expect to get. In other words, this is exactly what the Prime Minister wants to do. He wants to drive investment from Canada to the United States. So much for elbows up.

Here are the choices: Does the Prime Minister plan to order that Canadian pension funds be invested in the United States, or does he plan to continue his anti-development initiatives—

EmploymentOral Questions

2:30 p.m.

The Speaker Francis Scarpaleggia

The hon. government House leader.

EmploymentOral Questions

2:30 p.m.

Gatineau Québec

Liberal

Steven MacKinnon LiberalMinister of Transport and Leader of the Government in the House of Commons

Mr. Speaker, we have this disturbing trend with the Leader of the Opposition making something up, and then members up and down the line add on new, and very intriguing, figures and facts. We do not really understand it. We cannot follow the logic.

Here is what I can say the government is doing: It is in negotiations with the United States. As we speak, the Minister responsible for Canada-U.S. Trade is there. We are going to negotiate a great deal for Canada, and we are going to continue to build Canada strong.

EmploymentOral Questions

2:30 p.m.

Conservative

Rachael Thomas Conservative Lethbridge, AB

Mr. Speaker, here is what we know that cannot be refuted. We know that Canada has the fastest-shrinking economy in the G7. We know that the unemployment rate is the second highest. We know that Canadians are already struggling to put food on their tables and take care of their families. Now we know that the Prime Minister went to the United States of America and promised that he would drive another $1 trillion of investment south of the border, therefore putting Canadian families at a disadvantage, because they will not have jobs.

What will the Prime Minister do to put his elbows up and stand up for them?

EmploymentOral Questions

2:30 p.m.

Gatineau Québec

Liberal

Steven MacKinnon LiberalMinister of Transport and Leader of the Government in the House of Commons

Mr. Speaker, once again, taking the opposition research bureau's stuff and just repeating it does not make it true. What we do know, and Statistics Canada would confirm this, is that Canada's economy is, in fact, growing. What does growth mean? It means we are adding value to our economy and adding opportunities for workers. Of course we are concerned about job losses, and of course we will continue to defend Canadian workers right across this land, but one thing is for sure, and that is that we will take our statistics from this side of the House.

EmploymentOral Questions

2:30 p.m.

Conservative

Jeremy Patzer Conservative Swift Current—Grasslands—Kindersley, SK

Mr. Speaker, there is an old proverb that says that the road to hell is paved with good intentions. Canadian workers are getting sick and tired of the Prime Minister's good intentions. The best predictor of the future is the past, so let us take a look at the Prime Minister's record. His last act as the chair of Brookfield was to move the company headquarters out of Canada and into the United States, into the welcoming arms of President Trump.

I guess it is pretty clear that the Prime Minister will continue to sell out Canadian workers to the U.S. Is that not right?

EmploymentOral Questions

2:35 p.m.

Marc-Aurèle-Fortin Québec

Liberal

Carlos Leitão LiberalParliamentary Secretary to the Minister of Industry

Mr. Speaker, I will repeat what I announced in the House: Eighty-five per cent of our exports enter the United States tariff-free. What is more, the Canadian economy is an open economy. Capital moves across the border in both directions, and we will do everything we can to continue to attract capital to Canada so that we can invest and grow faster.

The EconomyOral Questions

2:35 p.m.

Conservative

Pierre Paul-Hus Conservative Charlesbourg—Haute-Saint-Charles, QC

Mr. Speaker, the Prime Minister promised the U.S. President investments of “$1 trillion in the next five years—if we get the agreement we expect to get”. Now we know why the Prime Minister recommended moving Brookfield's headquarters to New York when he was president of that company. Now the Prime Minister is asking Canadian businesses and investment funds to go invest $1 trillion in the United States.

Why is the Prime Minister trying to improve the U.S. economy instead of Canada's?

The EconomyOral Questions

2:35 p.m.

Marc-Aurèle-Fortin Québec

Liberal

Carlos Leitão LiberalParliamentary Secretary to the Minister of Industry

Mr. Speaker, I must admit that I am surprised to see that our friends across the way do not understand the concept of capital flow. The Canadian economy is an open economy. Capital comes in and capital goes out. We have a great tradition of investing abroad and accepting foreign investment. That is what we will do and that is how we will grow the Canadian economy.

The EconomyOral Questions

2:35 p.m.

Conservative

Pierre Paul-Hus Conservative Charlesbourg—Haute-Saint-Charles, QC

Mr. Speaker, on the contrary, we understand quite well that the Prime Minister recommended moving Brookfield's headquarters to New York when he was the company's chair.

This year, the largest trucking company, TFI International, an outfit with 27 employees, announced that it would be moving its head office to the United States. It is no surprise that Canada's economy is shrinking faster than any other G7 nation's economy.

Does the Prime Minister know that he is working for Canadians, not Americans?

The EconomyOral Questions

2:35 p.m.

Marc-Aurèle-Fortin Québec

Liberal

Carlos Leitão LiberalParliamentary Secretary to the Minister of Industry

Mr. Speaker, that is exactly the question that was asked on April 28, and Canadians overwhelmingly answered that this Prime Minister would be the one responsible for governing Canada and doing his best to ensure its rapid and diversified economic growth.