Mr. Speaker, what the DBRS said was that we have a high level of foreign debt at the federal-provincial level, that is the corporate level. That is true. That is the situation. We as a country are heavily indebted at the federal and provincial levels and it is going require co-operation with the provinces which we have already begun, and that is true.
The Dominion Bond Rating Service said that our productivity is up, our inflation rates are down and there is great room for strength within this economy. It also said that it was putting the downgrade on but 2 per cent of our foreign debt and it maintained the triple-A level on our Canadian debt.