Mr. Speaker, this morning Canadians learned what many families on Vancouver Island already feel. Canada is now the only G7 country in a recession. The Liberal government's tax hikes, antidevelopment laws and reckless spending have doubled Trudeau's deficit, with Canada now owing over $1.4 trillion. There has been negative economic growth in the last quarter in 2025 and again in the first quarter of 2026.
The Prime Minister claims that Canada has the best economy in the G7. Reality tells a different story. Every other G7 nation is facing the same tariffs and global headwinds, yet not one of them is in a recession. Only Canada is in a recession. Workers, families and small business owners on Vancouver Island are paying the price for Liberal economic failure and mismanagement. They deserve a government that grows our economy, removes barriers to development and stops loading future generations with debt.
This recession was a choice and Canadians did not make it. The Liberal Prime Minister did.