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Decentralized Democracy

House Hansard - 100

44th Parl. 1st Sess.
September 22, 2022 10:00AM
Context: House Hansard - 100 - Sep/22/22
Mr. Gabriel Ste-Marie
  • Sep/22/22 5:10:49 p.m.
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  • Re: Bill C-30 
Madam Speaker, I thank my colleague from Guelph for his comments and his question. I quite agree with the issues he raised. The global economic outlook is uncertain, especially considering the central banks' fight against inflation and the entire context that I referred to. Most economists expect there will be a recession in Europe, especially with the war in Ukraine, which is having serious consequences there. It will be very difficult to get out of. China is also experiencing a major economic slowdown. The unemployment rate among young people is especially high in the major cities. It is very concerning because China is still the workshop of the world, or at least a major production centre. Then there is Canada and the United States. What will happen? We expect a slowdown. The latest figures are less encouraging. In the meantime, I believe that the labour market is going through a transformation, and comparing current job market statistics with the ones from a few years ago is tough. We have to be very alert and careful for the next steps.
179 words
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