Mr. Chair, over the first half of 2020, employment income fell by an unprecedented $28 billion, and now it is back.
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Business of Supply December 8th, 2021
Mr. Chair, over the first half of 2020, employment income fell by an unprecedented $28 billion, and now it is back.
Business of Supply December 8th, 2021
Mr. Chair, GDP has rebounded to almost 99% of its pre-pandemic level, 106% of jobs have been recovered and 156,000 jobs were announced just last week.
Business of Supply December 8th, 2021
Mr. Chair, I think it is important to say that the economic contraction of the Canadian economy was 17%—
Business of Supply December 8th, 2021
Mr. Chair, housing is a right. That is why this House has declared it as such. We made historic investments in housing stock, housing affordability and affordable housing, and will continue to do so.
Business of Supply December 8th, 2021
Mr. Chair, we are there to support housing affordability and will continue to do so.
Business of Supply December 8th, 2021
Mr. Chair, I am not entirely sure what the question was, but I can say that 106%—
Business of Supply December 8th, 2021
Mr. Chair, I think labour force participation is a good metric to help answer the member's question. It has reached a new high of 79.6%. That shows a strong sign of confidence with respect to job prospects. That is how people—
Business of Supply December 8th, 2021
Mr. Chair, it is unfortunate the member opposite does not like the answers I am providing, but I know Canadians do. The net worth of Canadian households fell by 3.6% in the first quarter of 2020, one of the largest declines on record, and this metric is now up 22% from its pre-crisis level. Consumer confidence is back on the rise, with 156,000 jobs announced last week and 106% of jobs that are back.
Business of Supply December 8th, 2021
Mr. Chair, I think it is important for the hon. member across the way to understand that our government helped nine million Canadians who lost their job through the CERB.
Business of Supply December 8th, 2021
Mr. Chair, let me say that the unemployment rate had more than doubled in May 2020, from a pre-pandemic level of 5%.
We are now at 6%.