English transcript

Under Mark Carney, Canada has the highest household debt in the G7, the most unaffordable housing in the G7,

the lowest investment per worker in the G7, the worst food price inflation in the G7, the second lowest

productivity in the G7, and the second highest unemployment in the G7.

An outflow of a half trillion dollars of investment has left our country under the Liberals for the United States.

Twice as much investment has left Canada in the last ten years than has returned, according to an RBC report,

released just two days ago. And twice as many Canadians are opening businesses in the United States as in Canada.

Let that sink in.

Twice as many Canadians are opening businesses in the United States

than in Canada. And we got a solution to this problem at the Liberal Convention.

They want to put a half million dollar exit tax on anyone threatening to leave the country. Any country

that feels it must punish people for fleeing is not a place of hope and optimism.

The Canadian Federation of Independent Business wrote this week that after a year of Mark Carney,

quote, more businesses have been closing than opening in Canada. It's time to admit it. We're in an entrepreneurial drought.

High costs, red tape, labor challenges, and never-ending uncertainty discouraging the next generation of entrepreneurs

stands in the way. More businesses in Canada have closed than opened for six consecutive quarters.

More than half of small business owners say they would not recommend starting a business right now.

In the second quarter of 2025, exit rates reached 5.6 percent,

while entry rates fell to 4.8 percent in Q4 2025,

marking some of the highest closure rates and weakest startup activity outside of the pandemic.

High costs, taxes, payroll pressures, complex rules, and ongoing labor challenges,

again, also against a backdrop of persistent global uncertainty, all make entrepreneurship more difficult and less attractive.

Canada's economic foundations, and I'm quoting here, are crumbling.

Governments need to stop papering over the cracks and really focus efforts on policies that improve small business environment.

We cannot afford to regulate ambition out of our country when more than half of small business owners are telling us that they wouldn't

recommend starting a business. It is time to listen, end quote.

Under these numbers are real lives.