Carney, Poilievre Spar in Heated Commons Exchange on Canada’s ‘Technical’ Recession Prime Minister Mark Carney defended his government’s economic performance against accusations from Conservative Leader Pierre Poilievre regarding a potential recession. Poilievre highlighted declining GDP growth, stating Canada is the only G7 country with shrinking GDP in three of the last four quarters and smaller GDP than a year ago. Carney countered by emphasizing his government’s efforts to build a stronger, more resilient economy, citing increased business investment and wage growth despite global uncertainties and U.S. tariffs.

• Conservative Leader Pierre Poilievre questioned Prime Minister Mark Carney about whether Canada is in a real or “technical” recession.
• Poilievre cited two consecutive quarters of declining GDP growth, stating Canada is the only G7 nation with this trend and its GDP is smaller than a year ago.
• Prime Minister Carney defended his government’s economic track record, stating they are building a stronger, more resilient economy.
• Carney pointed to rising business investment and wage growth as evidence of positive economic groundwork, despite global economic uncertainty and U.S. tariffs.