Canada is combining the largest budget deficits with an unemployment rate higher than comparative countries.
Like nearly all nations, Canada is facing severe struggles amid the ongoing CCP Virus pandemic.
However, we are seeing some very disturbing things happening with our economy in particular.
First, we have the highest unemployment rate in the G7, aside from from Italy – the G7 country hardest hit at the beginning and with the strictest lockdown of any free country.
Second, we have the highest budget deficit as a percentage of GDP in the world.
This combination of high unemployment and immense deficits are very concerning, in large part because long-term economic weakness combined with surging debt levels will have a seriously damaging impact on our future.
In the video below, Conservative Finance Critic Pierre Poilievre slams the Liberal government on these stats, pointing out that we have the “worst economy in the G7.”
The numbers don't lie. Canada has the worst economy in the G7. pic.twitter.com/2V5O5NNKPK
— pierrepoilievre (@PierrePoilievre) November 12, 2020
Photo – Twitter