Madam Speaker, when a truck is stuck in a ditch, there are two ways to make the problem worse. One is to keep flooring the gas while pretending that spinning the tires means we are getting somewhere. The other is to just simply blame the mud, the road and the person who told us to take the turn in the first place, but to never admit that the driver could be the problem. That is where Canada's economy is today. The government has been spinning the tires for years, throwing mud in every direction and telling everyone that if we wait just a little bit longer, the country is finally going to start pulling ahead. However, now we can see what is really happening: We are not moving ahead but are in fact falling behind.
The motion before the House says what millions of families already know: Canada has been driven into the G20's only recession. Scotiabank and the Bank of Montreal have both downgraded growth expectations. The Parliamentary Budget Officer's latest report shows slowing growth, a weakening financial outlook and a bigger-than-promised deficit. Those words can sound very far removed from real life, but that is exactly where this bad news lands. It lands on the mortgage renewal, the grocery bill, the repair that cannot wait and the credit card bill that was supposed to be paid down but is, in fact, bigger than expected.
The Parliamentary Budget Officer has now put numbers to what Canadians already feel. She projects real GDP growth of only 1.1% in 2026 and 1.6% in 2027. That is not an economy that is charging ahead. She also says that the deficit is expected to rise from $36.3 billion to $72 billion. That is not simply a rounding error. It is the fiscal equivalent of promising to back out of the driveway but ending up going through the garage door.
The government did not miss its promise by just a little bit. It missed it by billions and billions of dollars. It told Canadians that spending was under control, but eventually the bills come due. The numbers are a lot harder to spin than the speeches the Liberals offer are. Canadians were promised one thing, but the numbers now show something completely different. As usual, Canadians are of course stuck with the invoice.
Then there is the fiscal anchor that used to be a point of discussion. That is the government's own promise to keep the deficit from growing out of control. It is supposed to tell Canadians that someone around the cabinet table still knows when to stop borrowing, stop spending and stop pretending that the budget will balance itself. The PBO says that there is less than a 1% chance the government will meet that promise. That is not a fiscal anchor; that is a lottery ticket, at best. No person could walk into a bank with a 1% chance of making their household budget work and call that responsible. No small business owner could tell their employees that there is only a 1% chance that the paycheques will clear and call that a plan.
A weak economy shows up long before anybody gives it a name. It shows up when the job sites get quiet, when the bay sits empty at the shop, when the truck stays parked in the yard and when a young worker who was supposed to start Monday is told he cannot because there is not enough work. That is what slow growth means when it reaches the real world: fewer hours, fewer raises, fewer orders and fewer chances for young people to get started in their career.
The government wants us to believe that this was all just unavoidable. It says there have been global pressures. Of course there have been. Every G20 nation has faced interest rate hikes, supply chain challenges, inflation, war, energy shocks and global uncertainty. The difference is that Canada is now being described as the G20's only nation in a recession. When everyone faces the storm but only one boat starts taking on water, maybe it is time to see what the captain has been doing.
A country does not get rich based on how much the government spends. A country gets richer when people can build, invest, produce, hire, export, take risks and succeed. It gets richer when a welder can leave the shop on Friday and start his own business on Monday, or when a mine with Canadian mineral workers can be approved before the opportunity moves somewhere else.
We have all the ingredients of an incredibly prosperous country. We do not have a shortage of ability. We have a government that keeps turning that ability into delays, higher costs, and smaller paycheques for Canadians. Imagine someone who wants to build something in this country. Imagine a shop in a small town, a mine up north, a grain terminal, a processing plant, a power line or an energy project. They start with an idea, workers ready to go, suppliers lined up and a belief that Canada is still a place where real effort can become something real.
These investors then meet the process that the government has built. First comes the permit delays, then some new rule and the consultation that leads to yet another consultation. Then the financing gets more expensive throughout the time that passes. Investors then ask why the same project could move so much faster somewhere else. After a while, the question is no longer whether the project makes sense; the question is how long people are willing to bleed money before they simply give up. That is why the government's own consultation paper on getting major projects built is so revealing.
After years of Conservatives, provinces, workers, industry and investors warning that Canada had become too slow and too uncertain, the government is now admitting the same thing but in writing. Its own paper says major projects could “face a complicated and time-consuming” process. It points to duplication and poor coordination between departments. It says, “mines, ports, pipelines, nuclear facilities, and transportation infrastructure [are] often slow, expensive, and confusing.” It even admits that “it has often taken more than five years for a project to receive the federal decisions” needed before construction can even begin.
Bill C-69 was passed in 2019. The Liberals sold it is a way to restore confidence, to protect the environment and to help good projects move forward. In reality, it became simply a symbol of delay and uncertainty. The Supreme Court later of course made clear that the problem was not only in the delays that it caused. The act went too far, by allowing the federal government to turn limited federal interests into a much broader review of projects that often mainly fell under provincial jurisdiction.
The Liberals amended the act and then claimed that the problem was somehow fixed, yet here they are again admitting that major projects still face a process that is slow, expensive, confusing, poorly coordinated and too often takes longer than five years. The Prime Minister wants to sound like a man who can get Canada building again, but the system he is now allegedly trying to repair was built, defended and celebrated by his own Liberal Party.
Canada does not need weaker environmental standards. It needs clear standards, real timelines, and decisions that actually get made. Money goes where it is welcome. Jobs go where projects can move forward. Opportunity goes where people are allowed to build things. If the government keeps making Canada slower, more expensive and more uncertain, it should not be shocked when investments start looking for a different address.
What Conservatives are saying is not very complicated: Reverse the costly and inflationary decisions that helped put Canada in this position to begin with; restore discipline and federal spending; stop treating borrowed money as a substitute for private sector growth; make Canada a place where major projects can actually get approved and built again; lower the cost of work, investment, energy, transport and homebuilding; stop punishing the sectors that pay the bills; and focus on paycheques, production, homes, food, energy, exports and opportunity.
Canada is not poor, Canada is not weak, and Canada is not doomed. The country has everything it needs to succeed, except a federal government willing to stop making excuses and stop making success harder. We could be a country to which investment comes because approvals are clear, taxes are competitive, energy is reliable, workers are respected and projects move forward. We could be a country where the next generation inherits more than debt and more than just excuses. It starts with admitting that the current approach has failed miserably.
The government made the bills bigger, the economy weaker and the deficit worse, and now it wants us to be impressed that it found some gentler words for its own failure. Canadians deserve better than a government that asks them to settle for less. We were not handed a small country, a poor country or a country that is running out of promise. We were handed one of the greatest nations on earth, blessed with resources, talent, courage, and people who still believe tomorrow can be better than today.
What we need now is a government with enough faith in Canadians to let them build, work, dream and prosper once again. It is time to stop spinning the wheels and calling that progress. It is time to change course.
