Mr. Chair, my view on the Canadian economy is that it is growing. I think that if you look at the latest numbers, at industrial production numbers, you see that we're up by about 2.6% on a year-to-year basis. We're growing. We have an unemployment rate of 7%. That's down from 8.5% at the depths of the recession.
That's probably a full percentage point higher, which most economists would say is Canada's longer-trend unemployment rate, so there is weakness. I think the Bank of Canada and other people who estimate these outputs say that the economy is still operating well below potential, maybe by a per cent to two percentage points, each percentage point being about $20 billion. That's a relatively weak economy, so I think economic growth should be a priority going forward.