It's quite dramatic when you chart it that way.
In your statement you say:
As a small open economy, Canada’s recovery depends not only on the actions policymakers are taking to provide accommodative fiscal and monetary policies, but also depends crucially on global economic and fiscal developments.
The monetary capacity has pretty well zeroed out at this point. You can play around with some credit stuff, which is fine. The fiscal is already under water. So if the government wanted to get back to even its original line, it would have to anticipate putting in a massive fiscal stimulus. Is that a reasonable conclusion?