That's wonderful. Thank you.
That was one of the largest contractions we've actually seen in quite some time. As a new member, I appreciate, Minister, your providing some feedback and lessons to new members about irresponsible political posturing and caution about talking down the market, but since I used to advise a minister of finance, I would perhaps offer some advice.
We can cherry-pick stats to show how good or how bad some things are, and if we're intent on comparing the record of response to economic crisis, post-2008, which you seem to talk down, Canada led the G7 in growth. We led the G7 in unemployment for most of those years. We also had very low inflation.
If you compare that to some of the stats today, we've spent as much and more than most other countries, we lag our peers in growth and we have the second-highest inflation in the G7, so I think we need to understand that we can cherry-pick stats that show a particular narrative. I would maybe just caution against that.
Thank you.