Mr. Speaker, the Liberal Prime Minister promised the fastest-growing economy in the G7, but new Statistics Canada data shows that Canada saw its economy shrink last quarter, the only country in the G7 to do so.
After 10 years of deficits, inflation, higher taxes, anti-development laws and bloating bureaucracy, growth has stalled and Canadians are paying the price. While other countries build, the government fails to approve nation-building resource projects. The Major Projects Office has yet to approve a single new project, despite being created in order to move at unimaginable speed. Business has stalled, net capital is leaving and per capita GDP has been flat for a decade while Canadians work harder and fall further behind. This is the result of Liberal policies blocking development, suppressing productivity and driving away investment.
Now that Canada is the only G7 country with a shrinking economy, will the Liberals finally get their taxes and bureaucracies out of the way and stop making things worse, so Canada can build, invest and grow?