Mr. Speaker, the Liberal Prime Minister is the only G7 leader to push his country into a recession. All other G7 countries are facing the same issues with tariffs and global challenges, but no others are in a recession.
The real GDP fell in quarter one, making it two consecutive quarters of annualized decline, pushing Canada into a recession. The decline was mostly driven by decline in investments. Household savings dropped to the lowest level in two years as Canadians try to absorb the higher interest and debt servicing costs. This is the direct result of Liberal policies and taxes, including the clean fuel standard, the industrial carbon tax and the fuel excise tax, which are making everything more expensive.
The Prime Minister tried to claim that affordability is the best it has been in over a decade, but families cannot get ahead while paying for Liberal taxes, waste and mistakes. The Liberals have the means to make life more affordable, yet they continue pushing Canadians into a recession.