Mr. Speaker, my question is for the Minister of Finance. I will give him a little hint on the answer: billions versus millions.
Today's Financial Post reports that the Deutsche Bank has recommended to its clients to reduce their Canadian bond exposure to zero from 3 per cent which could represent up to $10 billion. One of the primary reasons given is that Canada's heavy budgetary risks will result in further underperformance. It is obvious the Deutsche Bank does not share the minister's optimism and opinion that the budget was a success.
Why would the Deutsche Bank recommend pulling out of the Canadian economy?