Mr. Speaker, the Liberal Prime Minister's latest report card is out. Canada is the only G7 country with a leader who took its economy into a recession.
Canada's economy declined in the last two quarters and contracted in three of the last four quarters. There were 112,000 jobs lost in just three months and 46,000 more Canadians are jobless than when the Prime Minister took office. Business investment fell for the fifth straight quarter and $109 billion in investment has fled Canada since he took office.
Canadian households now carry the highest debt in the G7, the least affordable housing in the G7, the highest food inflation in the G7, the lowest investment per worker in the G7 and the second-highest unemployment in the G7. Consumer insolvencies are up 19%, 1.5 million Canadians missed a debt payment in just three months and mortgage delinquencies are up 32%. Nationally, food bank visits have doubled, one in four Canadians is food-insecure and households pay 120% of their income on rent and food.
Canadians do not need more bureaucracies and slush funds for Liberal insiders. Conservatives will end inflationary deficits, repeal Liberal antidevelopment laws, cut red tape and bring home jobs, investment and hope.