Mr. Speaker, I appreciate the reply but we were asking about revising the government's deficit reduction target. The minister has repeatedly mentioned rolling two year targets for the deficit. We ask, is the minister listening to the money markets?
I quote Avery Shenfeld, senior economist at Wood Gundy, that a two-year target at the top of the business cycle is not going to satisfy creditors. The Bank of Nova Scotia vice-president stated that making non-ambitious two-year targets is really not what is needed. Moving toward a balanced budget is what investors want to see.
Given the fact that our creditors, the people that are putting up $40 billion to cover the overdrafts, have no faith in the government's fiscal plan, will the minister abandon the idea of rolling two-year deficit targets and set a firm date for deficit elimination?