Mr. Speaker, as much as the Prime Minister wants to say the economy of Canada is good, it is not.
In 1993 the government inherited promising economic growth in the country. What has happened? Instead of nurturing the recovery that was there the government continued on an old pattern of spend and tax Canadians. The only growth policy the government could come up with was to devalue the dollar, resulting in an unbalanced recovery that has been entirely reliant on exports to the United States.
My question is for the Minister of Finance. Now that the U.S. economy is slowing and exports are dropping, what will he do to avert a recession, other than devaluing the currency?