Madam Speaker, I am going to have to clap for AI at this point. I certainly never suspected that it could do that quick of a job dispelling the illusions that the Conservatives are trying to purport and promote in the House with their motions, which they do every day in the House.
However, let us just take what the experts have said, even if Conservatives do not believe in expertise anymore. The National Bank said:
We are not fans of the term “technical recession.” Two consecutive quarters of negative GDP growth can mean very different things depending on what’s happening to the population.
Canada’s economy registered a tiny contraction in Q1, following a decline in Q4. Yet real GDP per capita rose nearly 1% in Q1 and has been trending higher for the past two years.
Economic hardship—not arbitrary GDP thresholds—is what defines a recession. The economy remains fragile and uncertainty is elevated, but we are not ready to throw around the “R” word just yet.
That is from the National Bank.
I have quotes from RBC's Steven Gordon and many, many other professionals who analyze the economy and do not think that the Conservatives are accurate, so AI is right and the experts agree.