Thank you, Dr. McRae.
I have a question for Mr. Snider with the Chamber of Commerce.
My background is in small business. I've been a member of the chamber for almost 30 years. Even as a member of Parliament, I support our local chamber and really appreciate that it remains non-partisan yet represents small business in a very necessary way. It also provides advice to small businesses on how they can connect and provide youth and the next generation with the experience they need.
There was a comment on the budget that came from the president and CEO of the Canadian Chamber of Commerce, Perrin Beatty. He said:
Canadian business asked the government to focus on fundamentals like the growing competitiveness gap, the need to attract more private sector investment and presenting a realistic plan to balance the government’s books.
He went on to say:
The United States is undertaking the most massive tax and regulatory update in generations. Meanwhile, Canadian governments are moving in the opposite direction by increasing costs and adding to the regulatory burden. We urgently need [the] federal [government's] leadership to close that competitiveness gap to prevent the loss of billions of dollars of investment from Canada.
The chamber is also disappointed in the lack of a concrete and responsible plan to balance the budget, and the unrealistic economic expectations it laid out. Mr. Beatty said:
By adding a further $18.1 billion to the national debt..., the government appears to believe that we can spend our way to prosperity. If Ottawa continues to run up the debt when times are good, we can only speculate on what our national finances will look like next time there is a downturn.
How is this going to affect the future? We have that burden of increasing debt and that lack of competitiveness, and our number one competition is global now, with the Internet and people shopping online. As we become less competitive, what happens to the jobs? Are there more jobs or fewer jobs, or is it static?