Canada was the only G7 country experiencing a recession, with 112,000 job losses, a 32% increase in mortgage delinquencies, and 2.2 million people relying on food banks, prompting criticism of the Prime Minister for refusing to acknowledge the recession and for spreading misinformation about economic conditions.
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Pierre Poilievre Calls Carney A LIAR After Speaking With ReportersAdded:
I think uh it's time for a national a new uh Canadian heritage moment. The prime minister has answered a question from reporters. Uh so just to take a moment to acknowledge this uh historical time in our in our uh Canadian story. Uh the prime minister has obviously been hiding from all of you since the devastating news that we were all uh saddened to learn on Friday that Canada was the only country in the G7 to have fallen into a recession. And um of course this is terrible news for the 112,000 people who've lost their jobs in the first 3 months of this year alone.
uh for the many thousands of Canadians who are part of the 32% increase in delinquencies, mortgage delinquencies, the highest in nearly two decades, the 2.2 million people relying on food banks, a record smashing number, real people are suffering uh in a way that they're not suffering in the other G7 countries. Um and today the prime minister wouldn't even answer your question. You asked him point blank, are we in a recession? and he refused to answer that question. Five days have gone by. The prime minister has been in hiding from this devastating economic report. And when he does finally appear, he can't even answer a basic yes or no question. What he should have said is that yes, we are in a recession. And yes, the single mothers who are having to turn back items at the checkout in grocery stores and then go to food banks that have also run out of food, they deserve a prime minister who will look them in the eye and say, admit that there is a recession. The young couple that's been working for 4 years living in a 400t apartment, can't afford a home. They deserve the prime minister to tell them the truth that yes, he has c caused them a recession. the father in Windsor who's gone home to tell his kids that uh he's lost his job. They're going to have to sell the home. There's not going to be any hockey or vacation this summer. Uh they deserve to have a prime minister who tells the truth uh that we are the only country uh in the G7 that is in a recession. The prime minister, if I could, if I could, the prime minister instead uh spread misinformation. uh he told all of you that uh investment has been up the last two quarters. Well, this is a quote directly from the the stats can report.
Business capital investment fell 0.7% in the first quarter of 2026, the fifth consecutive quarterly decline. And uh so the prime minister um uh once again is failing the the Canadian people by refusing to tell them the truth that he caused a recession. It's the only recession in the G7. the only recession in North America and he's need to to rapidly reverse the the liberal policies that caused that recession.
>> The use of a recession has Donald Trump once again saying we are the 51st state.
What is your comment to Donald Trump using the recession to now once again joke I guess about Canada being the 51st state? I it's ridiculous and it's never going to happen and we have to make sure that we don't uh allow ridiculous comments like that to distract us from the very real suffering that Canadians are experiencing as a result of uh Liberal policies here at home. Uh the the families who can't afford food. Uh the one in four Canadians who are living in food insecurity. They deser they don't want us to be distracted by a foolish comment like that. They want us to focus on reversing the liberal policies that have made them hungry in the first place.
>> Well, we haven't seen much so far. He seems to go and socialize and come back empty-handed while the Mexicans have been in formal negotiations eating our lunch for the last 6 months. I am concerned that Mr. Leblanc goes down uh at a time when Mark Carney has led us into the only recession in the G7 and um I regret that Mr. Carney has created this weakness uh going into formal negotiations as the only country in North America that is in a recession. Um the other two uh North American countries, the US and Mexico, they are not in recession. Canada is because of Mark Carney. So I would ask him to immediately present a plan to reverse the recession that he caused so that we can uh go into these discussions with some strength.
>> Do you think Canadians blame Mark Cardi or do you think they blame Mr. Trump for that recession?
>> You mean the fact that we're the only country in the G7 that's in a recession?
>> Yes.
>> Right. So do >> it seems it seems like Canadians are are laying the blame for their economic troubles with Mr. Trump, but you don't agree with that.
>> Well, maybe you are. Maybe you are protecting Mr. Carney from his economic record, but here's the reality. Mr. Trump, Mr. Mr. Trumpation, >> Mr. Trump's policies are affecting all G7 countries, and none of them are in recession. Mexico shares a border with the United States. Mexico is not in recession. Only Canada, under Mark Carney's liberal policies, is in a recession. None. France is not in a recession. UK is not in a recession.
Germany's not in recession. Italyy's not in a recession. Japan's not in recession. Um, only Canada among G7 countries is in a recession. And, uh, only Canada among North American countries is in a recession. So, it it seems that the other countries, despite Mr. Trump's unfair tariffs, have been able to craft policies to avoid recession. It's only here under Mark Carney's policies that we find ourselves in in a recession.
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