Madam Speaker, last year Canadians thought they were electing someone with exceptional economic skills who could strengthen our economy and quickly negotiate a deal with the United States. Well, it is becoming increasingly evident that we have been duped.
Under the Liberals, Canada has the only recession in the G20. We have now suffered economic decline in three of the last four quarters. The Parliamentary Budget Officer paints a grim picture, saying there is only a 1% chance the Liberals will meet their own fiscal targets. As for businesses, they are retreating from investment amid soaring uncertainty. The Liberals claim to be cutting costs, but they plan to hike personnel expenses from $69 billion to $86 billion by 2031. Then there is the $72 billion in deficit borrowing this year alone. This is not just numbers; it is diminished paycheques, fewer jobs and strained households.
Canadians deserve better than a Liberal government that has lost its way.