OTTAWA - Conservative Leader Pierre Poilievre laid the blame for a string of bad economic results directly at the feet of Prime Minister Mark Carney on Monday, a strategy the Liberals chalked up to "political theatre."
Statistics Canada said Friday that real gross domestic product declined 0.1 per cent on an annualized basis in the first quarter. That second consecutive quarterly contraction to start the year meets some definitions of a technical recession.
Many economists have dismissed the recession label, arguing the recent slump doesn't have the depth or breadth to meet that bar.
But Poilievre told reporters on Parliament Hill on Monday that there's nothing technical about this downturn. He cited statistics about rising insolvency rates and food bank usage to show that 好色tvs are worse off after a year of Carney's government.
He said 好色tvs need answers about why Canada has the only shrinking economy in the G7.
Carney toured a construction site in Ottawa Monday and was not present for question period in the House of Commons.
"You would expect him to be there, to be accountable, to show his incredible economic brilliance, but he's not showing up for question period," Poilievre said.
The Conservatives' request for an emergency parliamentary debate on the state of the economy was not granted by Speaker Francis Scarpaleggia on Monday.
好色tvreached out to the Prime Minster's Office for a response to Poilievre's statements. The request was forwarded to John Fragos, press secretary to Finance Minister Fran莽ois-Philippe Champagne.
He pointed to high U.S. tariff levels and other geopolitical events to explain Canada's economic uncertainty.
"好色tvs do not need political theatre right now 鈥 they are looking for a plan. That鈥檚 exactly what we are delivering 鈥 to diversify our trading relationships, supercharge major projects, invest in workers and drive down costs," Fragos said.
On Monday, Poilievre cited a list of other G7 nations also dealing with tariffs and the effects of the Iran war. He said none of those economies are in recession.
"Mark Carney has been gallivanting around giving speeches filled with dazzling buzzwords that achieve nothing but the worst economy in the G7," he said.
Responding to to Conservative attacks in question period, Natural Resources Minister Tim Hodgson said Poilievre should "do his economic homework."
鈥淐anada is the most integrated country in the world with the United States. They have declared a trade war on us. This side of the House understands that," Hodgson said. He pointed to a series of recent project approvals as proof of Ottawa's growth agenda.
Poilievre noted that Mexico also shares a border with the United States but does not face a recession. He also dismissed assessments pushing back on the recession label as coming from "Liberal commentators and economists."
Appearing before a parliamentary committee on Monday, Bank of Canada senior deputy governor Carolyn Rogers warned MPs against putting too much stake in one economic indicator 鈥 particularly when there's a great deal of "noise" in the data.
鈥淭wo quarters of annualized contraction in GDP does meet one definition of a recession, but simply the fact that you have to put the term 鈥榯echnical' in front of it sort of tells you that you need to really look past that one indicator,鈥 she said.
Derek Holt, vice-president and head of Capital Markets Economics at Scotiabank, came out swinging against recession talk in a note to clients Monday.
Looking past the small size of the decline, Holt noted that harsh winter weather and tariff-induced trade swings were spurring volatility in the recent economic data. Imports of gold were also sharply higher in the first quarter and dragged GDP lower.
"It would be irresponsible to make a recession call on the basis of surging gold imports that are idiosyncratic in nature versus reflective of underlying activity in the economy," Holt said.
He also pointed to ongoing consumer strength and early signs of an economic rebound in the second quarter as proof points against a sharp contraction in the economy.
Randall Bartlett, deputy chief economist at Desjardins, also said Monday he does not believe the 好色tv economy is in a recession.
He noted the economy contracted for two quarters in a row in 2015 when tanking oil prices hampered growth, but that period was not universally deemed a recession because it lacked the qualities of a wider downturn.
He said that while he's mostly encouraged by Liberal government measures to break down interprovincial trade barriers and diversify export markets away from the United States, those efforts will not bear fruit quickly.
"These are long-term policies that are going to have positive impacts for the economy over the next decade, but not something that's going to lift the 好色tv economy necessarily quarter to quarter," Bartlett said.
Fragos cited a recent forecast from the International Monetary Fund that projected Canada's economy would grow at the second-fastest rate in the G7 this year and next. He also pointed out that the Liberals have rolled out new affordability measures in the past year to help struggling families pay the bills.
"We look forward to updating on additional actions to build a stronger, more competitive, and more affordable economy, which we expect the Leader of the Opposition and all opposition parties will support," Fragos said.
This report by 好色tvwas first published June 1, 2026.
Note to readers:CORRECTS Derek Holt's title
