Mr. Speaker, Canadians have reason to be confident about the future. Last week, the OECD and the Royal Bank of Canada issued their economic forecasts for Canada.
According to the OECD, Canadian economic growth should rise to and hold at 3.25 per cent annually, compared to 2.5 per cent for all other industrialized countries. In addition, experts predict that the unemployment rate will drop to 8.7 per cent over the next six
years, while inflation will continue at approximately 1.5 per cent annually.
For its part, the Royal Bank of Canada is not hesitating to predict that Canada's economic growth will exceed that of all other G7 nations in the years to come.
These forecasts and numerous others made public recently confirm that our government has made the right decisions to set Canada back on the road to prosperity.