Thank you, Chair.
Minister, it's very clear that as the finance minister you're completely dodging. You can't even admit to or say the word “recession”. We are in a full-blown recession according to your own stats agency. In fact, Canada is the only country in the G7 that's had three out of four quarters of economic decline.
This morning, just less than an hour ago, there was a scathing report by the PBO against you and your claims, especially when it comes to your fiscal anchors. The PBO has said, on one of your fiscal anchors, which was a declining deficit-to-GDP ratio, that you would have less than a 1% chance of meeting that fiscal anchor. Do you agree?