Nixonโs analysis exposes the stark disconnect between government rhetoric and the grim reality of Canadaโs economic contraction. It is a damning indictment of administrative paralysis in the face of a mounting national crisis.
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Deep Dive
Shocking Accidental Leak On ๐บ๐ธ๐จ๐ฆ TradeAdded:
This is an emergency.
>> It's boom time. The House of Cards is crumbling before our very eyes. The expert central banker that lived abroad for over a decade and flew back into Canada as the expert central banker. The man that's going to move at unimaginable speeds. Remember, he's coming to save the Canadian economy. And now he's facing the biggest challenge yet. How is he doing? He's currently playing dodgeball. We are witnessing the collapse of the liberal illusion. And even mainstream media is working overtime right now trying to defend Mark Carney's track record. But they can't hold this house of lies any further. In this report, we have some brand new breaking news of a catastrophic situation. Remember that 24 person USC Canada trade committee, the one that's supposed to get us the very best deal with Donald Trump? We just got some brand new news. And this news is going to ripple across this nation. There was information that was just leaked, probably by accident, and nobody caught it, and it's probably because it came out so suddenly. I cannot wait to deliver you this epic report. Let's get into this report.
>> I'm proud to be [music] part of a government that's committed to defending Canadian trade. We're strengthening our economy and creating more opportunities and on my right.
>> We're going to start off with today's top story. This is actually unbelievable. Who remembers Mark Carney creating this advisory committee for the US Canada trade deal back April 21st?
It's been 6 weeks. Has anyone heard from this 24 person committee? And the reason that he created this committee is because we found out that for six straight months there had been zero talking to the United States about trade deals. And when they got busted, what Mark Carney did was announce a 24erson committee. Well, today we just received an update. Lisa Rate is on the committee and she just provided a shocking update.
Mexico is finished the first round of negotiations and Canada is going to be told what the deal is and we are going to have to accept that deal after the fact and and she says that nobody on the committee at least she doesn't know but I guarantee you no one else knows what is happening in the trade talk. So what exactly are these people doing? Do you want to preface what I'm going to say next with this? I have no inside information whatsoever on what is being happening or not happening in the US Canada trade. Even though I sit as advisory council, I have no information.
So what I'm about to say has nothing to do with anything that they've told me.
But I would say this, given the fact that the United States and Mexico have concluded first round, given the fact that Ambassador Hookstra commented today on a CRTC decision, given the fact how we know people feel about C-22 from the United States, I think our friend Minister Leblanc is heading into a wood chipper in Washington and they are just going to lay out exactly what's been agreed to by Mexico and the expectations on Canada to acquies. I don't know how this is going to go any other way to be >> I honestly think she made a mistake releasing this information to the public. I don't think she was supposed to tell the world that they have done absolutely nothing with their 24 person committee. They're not even in the meetings. She has no insider information. What exactly has Mark Carney sent 24 people to Washington to do? This is the most damning information we've heard. This is worse news than the recession announcement.
You're telling me that the 24 person committee has not been in the room negotiating with with our US counterparts? What exactly are they doing if they're not at the table? And now we found out that Mexico and the US are making a deal and Canada's just going to have to accept it. I don't know about you, but this is the most catastrophic information we've heard this year. We're in an emergency.
Canada, this is a red alarm emergency.
When Mark Carney found out that we have hit a technical recession, which is a full-blown recession in Canada, he is playing dodgeball and has avoided questions altogether. He refuses to show up to work and Pierre Palv is calling him out.
>> This is an emergency and the prime minister couldn't be bothered to say a single thing about this emergency since he learned of it on Friday morning. He has been in hiding.
He refuses to take a single question from the media or in this House of Commons.
And today, once again, he's banning the media from asking him questions, expecting they'll just cover photo ops of him wandering around a construction site. Not good enough. This is an emergency in the lives of people who have empty fridges, empty stomachs, and empty bank accounts. And they expect the prime minister, who promised that he was a great economic genius, to get in here and explain how he managed to be the only leader in the G7 to cause a recession. Mr. Speaker, it is his duty to stand up and look Canadians in the eye and explain how it was that he managed to become the only G7 leader to take his country into a recession and tell us how he's going to reverse the liberal policies that put us into this mess. We as conservatives are here to be collaborative, to provide solutions, to repeal the anti-development laws that have suppressed our energy sector. To take all taxes off home buildings so our young people can afford to buy a home.
To cut taxes on energy, including no tax on gas, for the rest of the year to save Canadians 25 cents a liter, 20 bucks a fill up, and $1,200 by Christmas. These are real solutions that we could be taking in order to rescue people from the Liberal recession. But it's going to take an emergency debate to wake up this Liberal prime minister from the slumber and get him to do his job.
>> With Canada in a full-blown recession, you would expect the genius, the expert economist to come out in front of the camera and tell Canadians, "We have a plan. We're going to fix this. You voted for me because I was the only adult in the room." When the reporter asked him, "What about the recession?" Mark Carney, this is his response.
>> Prime Minister, can you comment on the on the claims about a recession?
>> I think the uh >> and the economy, sir.
>> Wow.
>> If you're a Liberal voter right now and you see this, I mean, how could you vote Liberal ever again? With Canada in a full-blown emergency, you would expect our expert genius economist to stand up for his track record and tell everybody in Canada everything is going to be okay. Instead, we are in the second day in a row with him skipping out on question period he's not even showing up to work. But he did finally break his silence about our fullblown recession in Canada. Get ready, Canada. Here's Mark Carney's response to Canada's full-blown recession.
>> We're in the process, this government's been in the process of laying the foundations for a stronger, more resilient, more independent Canadian economy. Um, that process uh is settling in. uh during that time as we make major investments, major changes to how the government operates, how we do major projects, how we have uh new trade agreements with other countries.
It's always difficult. I should always remember to go up the stairs more slowly uh or get in better shape. Uh as we do all that, um the the data is going to be uneven and um >> what what does it even mean that the data is going to be uneven? Does anybody know? Leave a comment. Let me know.
>> You know, we see u some weakness uh in part because of clear decisions by the government. So, uh we have taken back control of immigration. Uh that's meant the population growth has uh flattened.
In fact, it's uh it's slowed or it's been negative uh for the last two quarters.
>> There you have it. He actually admitted that the liberals caused this recession because for years they flooded the country with immigration and now they just rolled it back. They've been covering up a recession for the last 10 years because of liberal policies with immigration. Reality has set in.
>> Uh we have reigned in government spending. Um so it have been growing uh close to 10%. It's growing uh less than 2% now. Uh [laughter] Justin Trudeau and Christia Freeland resigned because they delivered a $45 billion deficit.
This year we are running close to an $80 billion deficit nearly two times what Justin Trudeau delivered which resulted in his resignation.
>> So that's also something that weighs on.
There's some other uh choppiness in terms of how investment is happening. Um but we're also seeing at the same time the foundations coming into place settling in for that stronger more resilient economy. So for example uh if you look at business investment particularly in machinery equipment in um R&D in intellectual property that's actually up quite sharply in the last couple of quarters including the most recent quarter. [laughter] >> When you start at zero the absolute bottom of the barrel any investment will look like a massive investment. We have seen five straight quarters of negative business investment in Canada. That's nearly 2 years straight.
>> Uh if you look at household uh incomes, uh there are now growing strongly. They continue to grow uh faster than the rate of inflation.
>> 25% of the population is struggling to afford food. Out of five people that visit the food bank, one or two of them are employed full-time, 11.1% of the total population of Canada is considered to live in poverty today.
>> There's more to be done without question, but they're moving in the right direction. So, uh, you have these crossurrens, uh, as the economy is being fundamentally transformed. Uh, we're going to continue to work. We're making progress, but there's more to be done.
Let's just have a look.
>> Let's see what Pierre Polyv had to say about Mark Carney's first response on his technical recession.
>> 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 historical time in our in our 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. Instead of the prime minister, if I could, if I could, the prime minister instead 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.
>> Recession has check out this 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 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.
>> You couldn't have said it any better than that. And while the country falls into a recession and Mark Carney refuses to talk about it, we got receipts. his private jet flight. He ordered freshlysqueezed orange juice and freshlysqueezed apple juice at $192 each. How much is $192 each? $38 for freshlysqueezed orange juice and apple juice. So, as Canadians visit the food bank, lose their jobs, have a prime minister that refuses to talk about a recession that he put us in, he's drinking $300 a glass freshlysqueezed orange juice on his private jet. Who's ready to be gas lit by Wayne Long? But first, I want you to know his background. Before entering politics, Wayne Long was a business executive for hockey. He was the president of St. John's Sea Dogs, a team in the Canadian Hockey League. Apparently, he knows everything about hockey.
>> I understand the the counter to the idea that it's a recession. There's lots of consternation about what that first quarter data will actually look like moving forward, what the second quarter might look like. But if you take a deep look, take for example business investment. five consecutive quarters on the decline. A a number of exports on the decline in successive quarters as well. Um unemployment, more than 112,000 jobs lost just since the beginning of this year. And all of that while your government and the prime minister says affordability has never been better.
We're going to be the fastest growing economy in the G7.
>> That's true.
>> Materialized the statistics I I cited at the start of this question have.
Well, Vashi, I mean, look, I take the points. I think again, I think Canadians know, certainly as a government and leaders in the government, we know that we face headwinds. We know we are in a trade war and what can we do about that?
We can diversify our economy. We can build our economy. I would argue some of the indicators are very strong. IMF projects our economy second fastest growing economy in the G7. Wages are outpacing inflation. Best net debt, the GDP in the G7. strongest fiscal position in the G7, best credit rating in the world, and look at this one, highest foreign investment per capita in the G7.
There's a lot of strong indicators to our economy. So, if the leader of the opposition wants to box up, you know, a couple facts and a couple articles that he's read and a couple indicators that are backwards looking, they're in the past. We're focused on now. We're focused on what we can do. We can invest in our country.
They created the recession. They took Canada with an economic genius and drove Canada off of a cliff, broken into submarines. Of course, we can only look up from here. We're at the very bottom.
All of his data and statistics is forwardlooking. Where are we at today?
They are in charge for the last 11 years and drove us into financial ruin. This guy is a clown. Remember I told you he was a hockey executive? Here he is in the House of Commons claiming that Conor McGregor is number one NHL player.
>> Mr. Speaker, that Conservative leader and House leader questioning our prime minister's economic education and experience is like a third line beer league hockey player questioning Conor McGregor's hockey skills.
He shoots. He scores. Conor McGregor.
>> Since Wayne Long wants to go on national television and gaslight us, I had to bring back his credentials of thinking Conor McGregor was an NHL player. But there's a new meme just for Wayne Long.
Check this out. Wayne Long. Not only is Conor McGregor the very best NHL player ever to live, Conor McGregor just did a holeinone with a hockey stick holding his dog barefoot. And that is one of the most unconventional and incredible shots I have ever seen in my life.
>> Oh my word.
>> What a shot from Conor McGregor.
WHAT A SHOT.
>> [laughter] >> WE HAVE TO HAVE SOME FUN because it's absolutely absurd what we're seeing from the lefties across this country. We're not in a recession. Look how good our economy is doing. We're building back strong. We have zero trade deal with the United States. But don't worry, we have a 24 person committee making it happen.
They haven't even been in the room. Mark Carney refused to take questions from reporters for five days, skipped the House of Commons two days in a row, and he refuses to tell us we're in a technical recession. Don't worry, we're about to see a booming economy like we've never seen in Canadian history.
It's time to wake up, Canada. I'd love to hear from you in the comments section. What do you think about today's report? I'll see you on the next report.
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