Mr. Speaker, we should not yet panic about the unfortunate but strong and distinct signs of economic slowdown. However, we should be prepared for it to continue since Canada's record high real interest rates are sure to keep consumers from buying cars, homes and other durables.
My question for the Minister of Finance is how much economic slowdown and resultant reduced tax revenues can Canada take before the contingency reserve in his budget is exhausted and he will miss the deficit target he has vowed to meet?