I'm very glad, Mr. Perkins, to hear you quoting the Parliamentary Budget Officer. He reported very significantly this summer that Canada's fiscal position is sustainable. Indeed, this summer he said that our fiscal position is “sustainable over the long term” and that even a permanent swing of 1.5% of GDP would be permissible, while retaining Canada's fiscal sustainability.
That is really good news for all Canadians, especially when we are entering—as my colleague, the Minister of Industry, has just said—a time of real global uncertainty.