Mr. Speaker, the government recognizes the importance of small businesses in our economy.
Over 660,000 jobs have been created since October 1993. Small businesses have created 88 per cent of these new jobs. As a responsible government we have dedicated ourselves to creating a healthy economic environment which fosters jobs and economic
growth. Deficit reduction targets have been met consistently, interest rates have declined and inflation is under control.
Red tape has been cut, administrative burdens have been reduced and government programs have been simplified and focused so that they serve the clients efficiently and effectively. This type of partnership is the reason why Canada is projected to rank first in economic growth among the G-7 countries.