Mr. Speaker, the hon. member is not quoting the conference board correctly. What the conference board has said is that there is a lag time between interest rate cuts and job creation. It pointed to the tremendous interest rate cuts as having been one of the main reasons that there has been stronger job creation in Canada than in any other G-7 country outside of the United States.
What the hon. member ought to do is to look at the fundamental measures the government has taken in terms of job creation; our external trade and the fact that we have become one of the major exporting nations of the world; the Team Canada missions led by the Prime Minister which have led to contract after contract; the summer jobs from the Minister of Human Resources Development; the amount of money we have put into research and development; the amount of money we have put into trade financing; the support of small and medium size businesses. All of this is leading to a very, very healthy economy.