Poilievre says Carney’s policies to blame for Canada dipping into recession territory
Poilievre said rising mortgage delinquencies, food bank use and falling business investment show the downturn is real, not technical.
- On Friday, Conservative Leader Pierre Poilievre blamed Prime Minister Mark Carney for Canada's recession during a press conference on Parliament Hill.
- Statistics Canada reported a 0.1 per cent decline in real GDP in March, with the economy contracting for two consecutive quarters—a benchmark some economists consider a technical recession.
- Poilievre cited rising mortgage delinquency rates and increased food bank usage, pointing to five quarters of falling business investment as evidence of economic strain.
- Natural Resources Minister Tim Hodgson dismissed Conservative criticism as 'conspiracy theories,' while Finance Minister Francois Philippe Champagne expressed confidence in the economy.
- Poilievre demanded the prime minister return to the House of Commons next week to introduce a bill reversing economic policies, though some analysts suggest rising oil revenues may spur growth.
33 Articles
33 Articles
Canada dips into technical recession? Pierre Poilievre slams Mark Carney, says no other G7 country is in this situation
Rest of World News: Canada entered into what many experts would call a technical recession after it reported two consecutive quarters of contraction in economic growth. S.
Winnipeg Free Press
Poilievre says Carney's policies to blame for Canada dipping into recession territory
OTTAWA - Conservative Leader Pierre Poilievre says Prime Minister Mark Carney's policies are to blame for Canada entering recession territory.
Poilievre blames Carney's policies for recession in Canada
Ottawa – Conservative Leader Pierre Poilievre has blamed Prime Minister Mark Carney’s government for what he described as a recession in Canada, following new economic data showing the economy contracted for a second consecutive quarter. A report released by Statistics Canada found that the economy shrank slightly at the start of the year, meeting one common definition of a technical ... Read More The post Poilievre blames Carney’s policies for …
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