The latest GDP data was released on Friday, when the House wasn’t sitting, so the Conservatives spent yesterday making up for it, both with concern-trolling questions during QP, plus a lengthy statement about their concern about the “grim picture” of the Canadian economy. Yes, real GDP was flat in November, but that seems to be about as far as they are willing to read, because if you scratch the surface, one of the biggest drags on the economy was the fact that those motor vehicles and parts numbers were down 6.4 percent as a result of the global shortage of semiconductors. That is most assuredly not the fault of the Liberal government. Without that drag, it’s likely that the GDP would have been in the positive for the month, in spite of the other economic drags.
All of these words from the Conservatives, and none of them point out that Trump's trade war is the primary cause of this economic malaise (for which we have been surprisingly resilient to date). No, it's all the Liberals' fault.
— Dale Smith (@journodale.bsky.social) 2026-02-02T21:38:44.075Z
The thing is, much as with Poilievre’s big speech on Friday, there is absolutely no mention of Trump in their statement like there wasn’t in the speech. Trump and his trade war are having a deleterious effect on our economy, because we grew over-reliant on them as an export market because they’re right there, and they were a willing market that was simply too easy to trade with. Disentangling parts of our economy from theirs is going to take time, and we are taking damage from it, but to be frank, most economists figured we’d be in a recession by now as a result of Trump, and we haven’t been, showing that we had some more resilience than they initially thought. But the fact that the Conservatives cannot acknowledge the reality of the situation in order to blame the Liberals is sad and pathetic.
And it’s not just the GDP data. They’ve been doing this with food price inflation, and putting out a bunch of absolute nonsense to “prove” that their obsession with imaginary “hidden taxes” and environmental laws are the real problems, not climate change, not Trump, not factors beyond our control. Nope, it’s all Liberals and their deficits. And because they get so little pushback on it, from either the government or the media (though, to be fair, David Cochrane was actually producing data to push back on Power & Politics yesterday), they get away with this false version of reality and people believe them. It’s a problem, but nobody wants to actually acknowledge it because that seems like work, or math, which they are allergic to.
Ukraine Dispatch
Russia is once again attacking Kyiv, Kharkiv, and other major centres, destroying energy infrastructure after a “ceasefire” for a whole couple of days. Russia also claims to have taken another settlement in Zaporizhzhia region.