In our numbers, sir, and if you look at nominal GDP, which has affected the way we look at the tax base, over the medium term we've basically downgraded nominal GDP again, which is about $1.7 trillion in the Canadian economy today, by roughly about $50 billion. Again, in that context, the prudence provision that was put in the 2011 budget, roughly of $10 billion...we now are talking about a downgrade, in our forecast anyway, as a result of real GDP and lower GDP inflation certainly next year of $50 billion. It is a significant movement down.
On November 2nd, 2011. See this statement in context.