Mr. Speaker, I am proud to rise today in support of this motion because it tells the truth about what the Liberals have done to this country. The reality is that Canada is in a recession. This is not a slowdown. This is not a rough patch. It is a recession. In fact, it is the only country in a recession in the G20. Canadians in Newmarket—Aurora are living it every day. They are paying more for groceries. They are watching their mortgage payments climb. They are wondering whether their kids will be able to afford a home in the community they grew up in. They are asking a simple question: How did it come to this? The answer is 11 years of poor Liberal policies and spending without limits.
The numbers do not lie. Scotiabank has downgraded Canada's growth to 0.8% this year, and the Bank of Montreal has downgraded Canada's growth to 0.5% this year. Then, there is the Parliamentary Budget Officer, an independent, non-partisan officer of this Parliament, and her latest report does not mince words. There is slowing growth, a weakening fiscal outlook and a deficit that is bigger than promised. The probability of the government meeting its own fiscal anchor is 1%. Let us remember that this is after the government chose to give up the last fiscal anchor it also could not meet.
If a student handed in a business plan with a 1% chance of success, they would fail the course. If a CEO presented a strategy with a 1% chance of meeting its targets, the board would show them the door. However, the government members stand here and ask Canadians to trust them with the national finances, with a 1% chance of keeping their own promises. Let us not forget they revised this fiscal anchor after they already failed to meet their last one.
I should mention I am splitting my time.
The government will stand and say this is all external, that it is caused by global headwinds, tariff uncertainty, forces beyond its control. Canadians have heard that before. They heard it when inflation hit 40‑year highs. They heard it when housing costs skyrocketed. They heard it when the debt doubled. There is always an excuse from the Liberal government. There is never accountability. Here is what it cannot explain away: Every other G20 country is growing. Canada is an outlier. Canada is the exception. Even Mexico, which also shares a border with the U.S. and has been significantly impacted by tariffs, has managed to steer clear of a recession.
When we are the only country in the world's 20 largest economies to be in a recession, that is a local policy problem. Still, the Liberal government has chosen to respond with more of the same: denial, increased spending, higher taxes, more regulation and more debt. It continues to choose to make life more expensive for the very Canadians who were already stretched to the limit.
I want to speak directly to what this means to the families I represent in Newmarket—Aurora. I heard from a young couple, both working, both doing everything right, who cannot afford a down payment because their rent has eaten up every dollar they saved. I heard from a small business owner on Davis Drive who is watching her customer base shrink because people simply do not have money left over at the end of the month. I heard from a senior on a fixed income who never thought he would have to choose between his bills and groceries.
This is deeply concerning for me because my own grandfather lives in Aurora and we have this conversation all too often. Seniors, who spent their entire life working hard, who gave it their all, are now on a fixed income and have to make these impossible choices. They are not statistics. They are neighbours and friends. They are family members, in fact. They deserve a government that is honest about the damage that it has caused and is serious about fixing it. This motion calls for exactly that.
Today's motion does not ask the impossible. It does not ask the government to undo every mistake overnight. It asks for something straightforward: reverse the costly inflationary policies that brought Canada to this point; stop the reckless spending that drives up debt and keeps interest rates higher for longer; stop layering on new taxes and new regulatory burdens on businesses that are trying to hire, invest and grow; and stop the costly credit card budgeting that future generations will be asked to pay for.
On this point, I had a discussion with a group of youth just a few weeks back. They told me they felt like they were on a bus where the driver did not care about the passengers and did not care about the direction that the passengers wanted to go in. They felt that they were the passengers, because the government was driving them into incredible amounts of debt that they would eventually inherit.
The government can start with its $750-million gun grab, the $90-billion train or the $25 billion of debt it will be taking on for the so-called sovereign wealth fund or the $20 billion on consultants. Those are just to name a few. I am talking about Canada's conditions for real, sustainable growth, not politically convenient announcements, but the kind of economic environment where businesses expand, investors can invest, workers earn more and businesses can actually get ahead.
Today's motion is simple. It is honest. It is necessary. Canada is in a recession, the only country in the G20. The banks have downgraded growth projections. The Parliamentary Budget Officer has sounded the alarm. The numbers do not lie, even when the government's talking points are trying to obscure them.
Conservatives will always stand on the side of fiscal responsibility, economic growth and the hard-working Canadians who deserve a government that respects every hard-earned dollar that they make, and to work as hard as they do.
With that, I urge all members of this chamber to support this motion.