Mr. Speaker, the forecasts mentioned are just some of the ones I would like to mention to the hon. member. The Conference Board's forecast has been revised downward but it is still well above the numbers we used in our very prudent forecast in our budget.
The Royal Bank of Canada last week came out with a brand new forecast. Those numbers show 3.5 per cent real growth this year and 4.3 per cent next year, well above the rates that were used in our budget numbers.
I remind the hon. member that there are some people out there with substantial confidence in the economy and our employment numbers in the last two months show that confidence. The rise in consumer confidence and business confidence is there as well and the private sector forecasts are still well above those used in our budget.