Canada lost 80,000 jobs over the summer and has the worst 30-year productivity outlook among advanced economies. The speakers argue government policies are harming prosperity and that headline GDP growth is artificially inflated by immigration rather than reflecting real gains in living standards.
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 summer, 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, 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, our own productivity and reducing— frankly, we're as a country, you're juicing the GDP number with immigration as well. You can ask anyone, is your life better today than it was 10 years ago? And the answer is no.
Like, what are they doing that's wrong that they think they're doing right? Like, what is going wrong here?
I think it's a worldview that's very different than, well, mine or yours, or one that makes sense in my estimation. Like, the government can't be the answer to everything. It can't actually even be the answer to anything. You don't have an economy that's going to be productive and fast-paced if the government is the sole, like, investor. Like, government doesn't know how to do stuff. Like, I— it's, it's— 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 make— 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, you know, that's the difference of, 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 It's very hard to remove government from all of those things. And that's what we saw 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.
