The minister has claimed that our balance sheet is strong. There are three components to a balance sheet: the assets, the liabilities, and the equity. The minister doesn't know any of the three, so clearly he doesn't actually know anything about our balance sheet. That's reassuring.
According to the Auditor General, the negative net worth of our Government of Canada will be as much as $1 trillion by the end of this fiscal year.
Can the minister, if he is familiar with any of these numbers, tell us if it is possible that his government will hit $1 trillion of debt this year?