Yes. People have often said that the crisis in the manufacturing sector has caused the loss of 250,000 jobs since 2002, but according to Statistics Canada's most recent figures, 350,000 jobs have been lost. The crisis is continuing and it is going from bad to worse. In addition, the people at Statistics Canada told us recently that in the last few months of 2007, our current account balance became negative for the first time since 1999. That is explained by the fact that the decline in our manufacturing exports has been much sharper than the increase in our resource exports. As you said, the crisis is going to get worse if the government does nothing.
On March 12th, 2008. See this statement in context.