Mr. Speaker, the Prime Minister promised economic strength, but Canada was the only G7 country with a shrinking economy at the end of last year. The Bank of Canada and the OECD predict barely 1% growth this year, and Canada has already lost 95,000 jobs so far.
The Liberals have presided over the largest capital exodus in Canadian history, $1 trillion from 2015 to 2024, with two dollars of foreign direct investment leaving Canada for every one dollar coming in. Canada now ranks last in the G7 for investment in machinery, equipment and intellectual property. After 10 years of the Liberals, investment is down, productivity is down, and Canada is being left behind.
Conservatives warned that Liberal taxes, red tape and reckless deficits would stall Canada's economy, and now we are seeing the results. Only Conservatives have a plan to restore economic growth and productivity, by cutting taxes and regulation to unleash investment and actually deliver economic strength.