According to Statistics Canada, they have confirmed that the country has entered a recession. Making Canada the only country in the G7 to be in a recession.
According to Grande Prairie MP, Chris Warkentin, one in four Canadians are now food insecure, with food bank visits doubling since 2020.
Warkentin said it’s up to Prime Minister Mark Carney to reverse the damage that has been done.
“Mark Carney urgently needs to reverse the damage done by 11 years of bad Liberal policies,” said Warkentin. “A real plan, like the one Conservatives propose, would end inflationary spending and credit card deficits, repeal the industrial carbon tax and anti-development laws, cut red tape for small businesses, and stop creating new bureaucracies and slush funds that only benefit Liberal insiders.”
Warkentin added that in the G7, Canada has the highest household debt, the least affordable housing, the lowest investment per worker, the second-worst productivity, and the second-highest unemployment.
“This recession is another concrete example of Mark Carney failing to live up to his promises. His lofty speeches will not build up our economy, and his fancy announcements will not help struggling Canadians pay the bills. Our country needs a real plan to unleash its economy, retain fleeing investment, and put money into the pockets of Canadians.”
Warkentin says that it is clear to him that a federal government promise to build at “speeds not seen in generations” was what he calls an illusion, and adds he beleives the Prime Minister has no actual plans to build up the economy with any urgency.
