Thank you for that, Mr. Giroux.
I want to ask a question about the federal debt-to-GDP ratio, but certainly I would underscore the point made by Mr. Poilievre that when you look at public and private debt, the debt-to-GDP ratio was over 350% before COVID and where that puts Canada relative to other G7 countries is second after Japan in terms of the highest debt-to-GDP ratio.
Nonetheless, in your report you do make reference on page 13 to the debt-to-GDP ratio stabilizing, but you note that this would not necessarily be the case if measures were made permanent or extended.
Would it be fair to say, much as your $252-billion deficit projection for fiscal year 2021 is very optimistic, so too is your projection of debt-to-GDP ratio stabilizing?