In this YouTube segment, two speakers discuss the deteriorating state of Canada's economy. They highlight a sharp rise in the cost of living, especially food inflation and unaffordable housing. They claim a net loss of 80,000 jobs since Prime Minister Carney took office in April, pointing to weak economic performance. The conversation turns to GDP per capita, noting that it rose after Justin Trudeau’s 2025 election but subsequently fell, and that the 2022 federal budget cites an OECD chart warning of the worst 30‑year outlook among advanced economies. The speakers argue that government spending and immigration are inflating GDP figures without improving productivity, and they question whether Canadians’ quality of life has improved over the past decade, concluding that it has not.
The cost of living has skyrocketed. Food inflation, the cost of buying a house is almost impossible.
Almost impossible.
The economy is weak. We've lost net 8,000 jobs since Prime Minister Carney took over, right, in April.
80,000.
80,000. Yeah.
Over the, over the course of the time, 80,000.
Let's take just the first metric, GDP per capita.
Yeah.
As soon as Justin Trudeau was elected in 2025, you know, you see GDP per capita going up and then going back down.
It tells you the picture of how you're doing. And what's worse about the GDP per capita is it's actually like it's in, it's in the 2022 federal budget. Maybe they'll I think they left it in by accident, but it's on page 24 or 25. They've got the chart from the OECD and it goes, it talks about GDP per capita and we've got the worst outlook for the next 30 years of any of those advanced economies. So we've got a really, really big problem, you know, in terms of our own productivity and we're juicing, frankly, we're as a country, you're juicing the GDP number with— With government spending. Well, with immigration as well.
Oh, that too, right.
You can ask anyone, is your life better today than it was 10 years ago? And the answer is no.
I try to think, I try to steelman my opponent, and are these people just dumb? Like, if you— like, what are they doing that's wrong that they think they're doing right? Like, are they just flawed in their conception? Is it bad execution? Is there something fundamentally wrong with the Canadian people, economy? Like, what is going wrong here?
I think it's a worldview that's just very different than, well, mine or yours, or one that makes sense in my, you in my estimation, like government can't be the answer to everything. It can actually even be the answer to anything. You don't have an economy that's going to be productive and fast-paced. You know, if the government is the sole investor, like government doesn't know how to do stuff. Like, I mean, it's that simple. Like if you've ever had to try to get a passport or try to get anybody on the phone at CRA and like, I use these examples because they're constant examples in my own office on a daily basis. Like, why on earth would you want government doing those things for you and fundamentally, that's the difference of view and then when you make government so bloated and so fat and so excessive and it does things that it never had core competencies or did before, well then it becomes very hard to remove government from all of those things. That's what we saw. We saw this— we talked a little bit around the time of the pandemic and we saw sort of the creep of government getting bigger and when government gets bigger, it's impossible to shrink.
