Mr. Speaker, according to Statistics Canada, net job creation over the past six months has been zero, although the Minister of Finance's budget predicted job growth of three per cent in 1995. In addition, economic growth has literally gone flat in the first three months of 1995, with an annualized growth rate of 0.7 per cent, yet the Minister of Finance forecast in his budget that the rate of growth would hit 3.8 per cent this year.
Since everything points to the fact that the minister's predictions will not come true this year, will he acknowledge that zero economic growth will not generate any new jobs and that he is going to have to review his budgetary forecast regarding the deficit?