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Rocket fuel for the economy: Poilievre unveils plan to unlock half a trillion $ in additional GDP
Apr 13, 2025
They're here because the choice in this election, of course, is that after the lost Liberal decade of rising costs and crime and a falling economy under America's thumb, we can't afford a fourth Liberal term. We need a change in government so Conservatives can axe taxes, build homes, liberate our resources and build our economy strong enough to stand up to the Americans for a change. ... After the last Liberal decade, Canada has had the worst economic growth in the G7, the worst housing price inflation in the G7, the worst household debt in the G7, and a half trillion dollars of net investment has poured out of our country into the United States. No wonder Donald Trump wants the Liberals elected for a fourth term. Happily, Donald Trump doesn't get to choose our next Prime Minister. Canadians do and they want change. They want change to turn the page. But unfortunately, Mr. Carney wants to stay on the Justin Trudeau's page. ... And that's why I'm rolling out that plan today. First, this plan includes tax relief. We will cut taxes on work, investment, home building and energy to unleash production and paychecks here in Canada. ... These two revered economists have calculated that these policies I've announced of cutting taxes on investment, work, home building and energy, plus repealing the anti resource liberal laws will unlock a half a trillion dollars in additional GDP spread over the next five years. This is money that will go into the pockets of our workers. This will build our economy back and fortify it against the Americans
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0:01
[Applause]
0:10
welcome back Great to be back Thank you
0:12
very much guys What a crew What an
0:16
incredible team Meli Fred
0:19
Mel thank you very much everyone Most of
0:22
all thank you to the great workers at
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the Ontario shipyards Sean thank you for
0:28
welcoming me back Where is Sean Excuse
0:30
hiding There is Sean Good to see you
0:32
This is my what my third time here I
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think it is Third time And uh we're
0:36
going to be doing a lot more building
0:37
here in the future Can't wait to uh
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stimulate even more ship building and
0:43
maintenance And uh there's no better
0:45
shipyard anywhere in the world than this
0:47
one Thank you to your family for all
0:49
you've built Sean And thank you to our
0:52
incredible team of Conservative
0:54
candidates uh who are here to deliver
0:57
change We've got um Baz Slammers we've
1:00
got Tony Baldinelli Dean Allison and of
1:02
course Fred Davies whom you've met And
1:05
they're here because they want to bring
1:07
change to Canada to bring back Canada's
1:10
promise so that hard work gets a great
1:13
life in a beautiful affordable house on
1:16
a safe street protected by brave troops
1:19
under our proud flag They're here
1:22
because um the choice in this election
1:24
of course is that after the lost liberal
1:27
decade of rising costs and crime and a
1:30
falling
1:31
economy under America's thumb we can't
1:34
afford a fourth liberal term We need a
1:38
change in government so Conservatives
1:41
can ax taxes build homes re liberate our
1:46
resources and build our economy strong
1:49
enough to stand up to the Americans for
1:51
a change That is the choice in this
1:54
election And no better place to
1:56
symbolize that choice than right here in
1:59
Wellen at Ontario Shipyards For 35 years
2:03
this 100% Canadianowned company has led
2:07
the way on ship building and repair
2:09
creating thousands of jobs and
2:11
strengthening our maritime borders The
2:14
ships they build and repair allow
2:16
products to get to market And it's great
2:18
to be joined by so many of the workers
2:20
who do that incredible skillful work
2:23
There's a lot of brain power in this
2:24
room today There's um here we are today
2:28
near the Wellland Canal This great
2:31
Canadian project united our country The
2:33
first two phases were built before
2:35
confederation even happened as the
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British colonies took their first
2:39
tentative steps to join economies
2:41
together The third phase of the canal
2:43
was done under then Prime Minister Sir
2:45
John McDonald and its fourth phase was
2:48
begun by Conservative Minister Prime
2:50
Minister Robert Bordon Now the reason I
2:52
bring that up as I ask myself could we
2:55
actually build the well and canal today
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I wonder here we are a century and a
2:59
half later We have much more technology
3:03
bigger more powerful machines We don't
3:05
rely on the muscular power of animals uh
3:08
to move uh heavy rocks and and um
3:13
aggregates Uh we have these incredible
3:15
machines but something tells me it would
3:19
actually take longer to get it built
3:21
today Not because of our builders or our
3:23
companies or the machines they use but
3:26
because of the enormous bureaucracy that
3:29
would stand in the way of getting it
3:31
done But today more than ever we need to
3:34
start building And we've done it before
3:36
We can do it again We built the great
3:39
Canadian Pacific Railway We cleared the
3:42
St Florence Seaway uh creating an H2O
3:45
highway from basically Thunder Bay all
3:49
the way to the Atlantic Ocean um because
3:51
of the ability to get things done Uh and
3:55
we will be able to do things again We've
3:57
been hit with hardship in the past
3:59
Remember the great global economic
4:02
crisis of
4:04
2008 there During that time our
4:06
government tur took fast action under
4:09
the leadership of then Prime Minister
4:12
Steven Harper It was called the economic
4:14
action plan There were some differences
4:17
uh obviously we went into that crisis
4:19
strong Our economy was growing We had a
4:22
budget surplus before the crisis hit
4:25
Food was affordable So were homes Taxes
4:28
were lower I know because I was serving
4:31
as Prime Minister Harper's parliamentary
4:33
secretary at the time Later I would go
4:36
on to be his housing and jobs minister
4:38
and that was a time of rising wages and
4:41
very afford laughably affordable housing
4:44
costs You could buy the average home in
4:46
Canada then for
4:48
$450,000 and the average rent was $900
4:52
on a one-bedroom It almost seems hard to
4:55
believe that that was only 10 years ago
4:57
We slashed red tape simplified project
5:00
applications streamlined approvals and
5:02
the result is that things got built The
5:05
original economic action plan built
5:08
30,000 projects roads bridges water
5:10
systems port expansions and more 610,000
5:14
new jobs We created a oneanddone rule
5:17
One project one page application form
5:21
one page one environmental review And
5:24
after all these projects were done the
5:26
environment commissioner did not find a
5:28
single environmental problem Uh even
5:30
though all of that paperwork was
5:32
supposedly meant to protect the
5:35
environment After lost after lost
5:38
liberal decade with costs up and the
5:40
economy down sadly this is no longer the
5:43
case After the last liberal decade
5:46
Canada has had the worst economic growth
5:48
in the G7 the worst housing price
5:51
inflation in the G7 the worst household
5:54
debt in the G7 and a half trillion
5:58
dollars of net investment has poured out
6:00
of our country into the United States No
6:03
wonder Donald Trump wants the Liberals
6:05
elected for a fourth term Happily Donald
6:08
Trump doesn't get to choose our next
6:10
prime minister Canadians do and they
6:13
want change They want change to turn the
6:15
page But unfortunately Mr Carney wants
6:18
to stay on the Justin Trudeau's page He
6:21
supports every single policy that
6:23
Trudeau put in place He supported
6:26
Trudeau in killing 16 major energy
6:29
projects worth 176 billion their no new
6:32
pipeline law no new no new development
6:34
law
6:35
C69 their cap on Canadian energy and
6:38
their anti-development policies have
6:40
driven a half trillion dollars to the
6:42
states And Mr Carney has publicly stated
6:45
he wants to keep every single one of
6:47
those policies He will keep C69 the no
6:50
development law keep the energy cap on
6:54
Canadian oil and gas and keep the
6:57
industrial carbon tax that will drive
6:59
jobs south And after Justin Trudeau
7:02
doubled our national debt once again at
7:04
Mark Carney's advice your tax bill has
7:07
gone up too to pay off the Liberal
7:09
government's credit card And now Mr
7:11
Carney is doubling down on the same
7:13
failed Liberal policies His ideological
7:15
agenda will stifle development here in
7:18
Canada making us more dependent on the
7:20
Americans than ever before on energy He
7:23
had he and his uh his Quebec left tenant
7:26
the radical anti-energy activist Steven
7:28
Gilbo who was twice arrested for
7:31
climbing up the CN Tower and then
7:32
climbing onto the roof of the Alberta
7:34
premier's house all to fight against
7:36
energy He's now this is the guy that Mr
7:38
Carney has put in charge of Quebec And
7:42
Mr Carney himself has said he wants to
7:43
keep 80% of our fossil fuels in the
7:47
ground in the ground is where our wealth
7:50
will remain if he becomes prime minister
7:52
again after this election This radical
7:55
environmental agenda is dangerous and
7:58
risky Mr Carney and the Liberals would
8:00
deepen our our weakness and push us
8:02
further and downward towards recession
8:06
In fact if you look at Mr Carney despite
8:08
all the bragging he does about his
8:10
resume he's been wrong about every major
8:13
economic issue of our time He was wrong
8:16
to support the carbon tax He was wrong
8:18
to oppose Canadian pipelines He was
8:20
wrong to say that inflation would not be
8:23
a problem 5 years ago and encourage
8:25
rampant money printing that led to mass
8:29
misery in Canada and gave us 37% more
8:32
food price inflation than they had in
8:34
the states Every important economic
8:37
issue of our time has seen Mark Carney
8:39
on the wrong side And now he has no plan
8:44
A resume is not a
8:47
plan He hopes you don't notice that In
8:50
fact Mark Carney's entire election
8:52
strategy is to make you forget his
8:54
record and the liberal record of rising
8:57
costs and crime and focus instead on his
9:00
promise that he can handle Donald Trump
9:03
That's an actual quote from him But so
9:05
far there's no evidence of that
9:07
whatsoever Look at the reality While the
9:10
rest of the world is getting pauses on
9:11
Trump's tariffs there are more tariffs
9:14
on Canada today than when Mark Carney
9:16
became prime minister Now I'm not
9:18
blaming Mr Carney for that He has no
9:21
control over President Trump But that's
9:24
why he should stop promising that he
9:26
does because he can't What we need to do
9:29
is focus on what we can control And that
9:32
means reversing the disastrous Liberal
9:34
economic policies that he advised and
9:38
Trudeau implemented with the help of all
9:40
the Liberal ministers that are running
9:42
for reelection for a fourth time It's
9:45
the same Liberal MPs same Liberal
9:46
ministers same Liberal adviserss with
9:48
the same Liberal results We need a
9:51
change in government with a new
9:54
Conservative leadership that has a
9:56
Canada first economic action plan
10:01
It will be a model in a lot of ways off
10:03
the incredible success that Steven
10:05
Harper had in the ' 0809 crisis And
10:08
that's why I'm rolling out that plan
10:10
today First this plan includes tax
10:14
relief We will cut taxes on work
10:17
investment home building and energy to
10:20
unleash production and paychecks here in
10:22
Canada We'll cut income taxes by 15% for
10:26
the average worker to save a working
10:28
couple almost
10:30
$2,000 With more money in their pockets
10:32
Canadians will be able to spend at local
10:34
businesses boosting employment in
10:36
restaurants corner stores and hotels
10:40
Furthermore we will ax the federal sales
10:43
tax on new homes to save you up to
10:45
$65,000
10:48
And yesterday I announced that we will
10:50
work with municipalities to bring down
10:52
local building taxes another $50,000 a
10:55
home The goal is to cut building taxes
10:59
by
11:01
$100,000 per home so that these great
11:04
workers behind me today can afford a
11:06
place to live That will stimulate
11:08
construction meaning more trades jobs
11:10
and demand for Canada's lumber which is
11:13
being tariffed by Donald Trump If we can
11:16
build build more homes here in Canada we
11:18
don't have to send our lumber to the
11:20
Americans We can create the the logging
11:23
jobs on our own turf And to protect our
11:26
auto workers we'll access the federal
11:28
sales tax on Canadianmade automobiles
11:32
to create more demand for our homemade
11:34
cars and allow Canadians a more
11:37
affordable uh set of wheels to get
11:39
around Conservatives will train 35
11:43
350,000 new apprentices over the next 5
11:46
years with an expanded union training
11:48
and innovation program And we'll restore
11:50
the $4,000 apprenticeship grant that the
11:53
Liberals cuts That means more good union
11:56
jobs for our young people and more homes
11:58
being built by our skilled trades
12:00
persons the people that that build the
12:02
homes will be able to buy them as well
12:05
We'll keep we'll we'll also set up a
12:07
keeping Canadians working fund to
12:09
provide emergency loans to manufacturers
12:11
and others hit by the Trump tariffs
12:13
because we want to keep people in their
12:15
jobs earning paychecks contributing to
12:18
Canada To make life more affordable
12:20
again we need to cut taxes and build
12:22
homes And to do this we need an
12:24
ambitious plan to boost our productivity
12:26
and grow our economy after the last
12:28
liberal decade My new Canada first
12:31
economic action plan will boost our
12:33
economy by unlocking our resources
12:35
empowering our entrepreneurs and
12:37
unleashing our economy with realistic
12:39
goal of of of generating more GDP We'll
12:43
also pass the Canada first reinvestment
12:46
tax cut zero capital gains tax when you
12:49
reinvest here in Canada This will be
12:52
like rocket fuel for our economy causing
12:55
money to pour back into factories
12:58
shipyards new homes uh business centers
13:01
and other places that generate paychecks
13:03
for for our people All of these policies
13:06
combined have been calculated to boost
13:10
our GDP by half a trillion dollar spread
13:15
over the next five years This
13:18
calculation has been done by Philip
13:20
Cross the former Statistics Canada chief
13:24
economic analyst and Dr Tim Sergeant the
13:27
former senior uh ADM at Finance Canada
13:32
uh who now is practicing as a PhD
13:34
economist These two re revered
13:37
economists have calculated that these
13:39
policies I've announced of cutting taxes
13:41
on investment work home building and
13:45
energy plus repealing the anti-resource
13:48
law liberal laws will unlock a half a
13:52
trillion dollars in additional GDP
13:55
spread over the next 5 years This is
13:57
money that will go into the pockets of
13:59
our workers This will build our economy
14:02
back and fortify it against the
14:03
Americans It will also generate new tax
14:06
revenue to fund schools hospitals and
14:09
most of all our military to make us more
14:11
independent We will do this by by
14:15
unlocking our resources We'll create a
14:17
national energy corridor for pipelines
14:20
transmission lines rail lines and other
14:22
critical infrastructure We will
14:24
preapprove projects through shovelready
14:26
zones We will unleash uh more production
14:30
with a one-stop shop that safely and
14:33
quickly approves resource projects with
14:36
one-page application form one
14:38
environmental review and a maximum of
14:40
one year wait time to get things
14:42
approved with the goal being 6 months
14:45
This means roads mines LG terminals
14:48
hydro projects and nuclear power
14:50
stations We'll back LG2 the major
14:53
project in northwestern British Columbia
14:56
by allowing it to go ahead This is tens
14:58
of billions of dollars of new investment
15:00
to ship Canadian gas over to Asia
15:03
displacing dirty coal We'll back uh the
15:06
port of Churchill shipping uh our
15:09
wonderful petroleum projects and we'll
15:12
speed up the approval of Canada's
15:16
incredible opportunity in the Ring of
15:18
Fire granting permits in only 6 months
15:21
We will will cut red tape by 25% and add
15:24
a two for one rule that every new
15:26
regulation must be met with two the
15:29
removal of two existing ones The Canada
15:31
First economic plan will be like rocket
15:35
fuel for the Canadian economy after a
15:38
century a century after we built the
15:41
well and canal and more than a decade
15:43
after the great global financial crisis
15:45
that Steven Harper weathered so well
15:47
with the incredible help of the late Jim
15:50
Flity to whom we owe so much credit We
15:53
can do this again We know that we can We
15:56
know that we can turn the page on the
15:58
lost liberal decade of rising costs and
16:01
crime and a falling economy We know that
16:04
they don't deserve and we can't afford a
16:06
fourth term What we need is a change A
16:09
change that puts our country first That
16:11
is how we're going to take back control
16:12
of our economic destiny And it is how
16:15
we're going to supercharge Canada's
16:17
economy But let's not forget the reason
16:20
we want to supercharge our economy is
16:22
not just so that economists sitting in
16:25
lecture halls or accountants sitting in
16:29
front of their spreadsheets can delight
16:32
at impressive numbers It's so that
16:34
people's lives are better off So that
16:36
once again these workers here get a nice
16:39
house with a yard where kids can play
16:42
where they can have a nice dog where the
16:44
the streets are safe where the mortgage
16:47
is paid off where they're not stressed
16:49
at night They go to bed with their head
16:51
hitting the pillow feeling a sense of
16:53
peace and calm that they're on solid
16:56
financial footing That was the Canadian
16:59
promise That is the purpose of the
17:02
Canada First Economic Action Plan That
17:05
is the reason why we're marching forward
17:07
with these great workers is to bring
17:09
back the promise of Canada so that hard
17:12
work gets them and all a great life in a
17:16
beautiful house that they can afford on
17:20
a safe street protected by brave troops
17:24
under our proud flag Canada first for a
17:28
change Let's bring it home Thank you
17:35
Uh Matt Lour my broadcasting corporation
17:37
Uh you visited this region a number of
17:39
times before the campaign and now you're
17:40
here during the election Why is this
17:42
such an important region to you Well
17:44
first of all it's a great industrial
17:46
heartland Um people here I find have
17:49
been working very hard When I talk to
17:51
our our MPs and candidates in this
17:53
region uh they've been telling me that
17:57
they go to the doorsteps and they have
17:59
people literally crying on their
18:01
shoulders They working
18:04
non-stop Um they're saving they're
18:08
scrimping they're cutting back on their
18:09
household expenses and they still can't
18:12
make it Um their kids are living in the
18:14
home until their
18:16
30s Crime is increasingly overtaking the
18:20
streets They're worried about drug
18:22
addictions And they want some hope And
18:25
um that's why I'm here to provide people
18:28
with some hope and change Um you know
18:30
after the lost
18:32
liberal decade of rising cost and crime
18:35
and a falling economy under America's
18:39
thumb We can't afford a fourth liberal
18:41
term We need a new Conservative
18:45
government that will axe taxes
18:47
greenlight home building and resource
18:49
projects bring our jobs home so we can
18:52
stand up to the Americans with strength
18:55
for a change So my message to people
18:57
across this region is have hope because
19:00
change is on the way Thank you very much
19:03
Yeah So in English um in English um
19:06
thank you very much um for the question
19:09
Uh as I said um at the outset the
19:12
message is that after the last liberal
19:15
decade of rising crime and costs and a
19:18
falling economy under America's thumb we
19:21
can't afford a fourth liberal term
19:25
We need a new government that will bring
19:27
change and hope to the people that they
19:30
can again earn a great living and live
19:31
in a nice house that they can afford on
19:33
a safe street under our proud flag Now
19:37
liberals don't want us talking about
19:39
those They want us Mark Carney wants us
19:41
to forget about the last 10 years and
19:43
his role in bringing about the lost
19:45
liberal decade He doesn't want to answer
19:47
questions about why he stuffs his
19:50
corporate cash in overseas tax havens So
19:54
he's in hiding from that as well He
19:56
doesn't want to answer questions about
19:58
his connection to the regime in Beijing
20:02
which from which he got a quarter
20:04
billion dollar loan from his company
20:05
only six months ago While he was
20:07
economic adviser to Justin Trudeau an
20:09
incredible conflict of interest He
20:11
doesn't want to answer questions about
20:12
the ongoing conflicts he has with tens
20:15
of millions of dollars potentially
20:17
invested in a company that has money in
20:19
overseas tax havens is ow owes a debt to
20:23
the Chinese communist government and has
20:25
countless other conflicts that he will
20:26
not reveal to Canadians That's why he is
20:28
not responding to questions I am I'm
20:31
here sharing a message of hope and
20:33
change to put people back the can give
20:36
people back the Canadian promise That's
20:38
what we're here for Let's put Canada
20:39
first for a change Thank you very much
20:41
Thank you
20:43
[Applause]
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