Mr. Speaker, there is no doubt that we live in turbulent times. That is why it was so important for the government to put its fiscal house in order the way it did.
But let us look at the results in Canada. In 1997, 500,000 new jobs were created. During the first eight months of this year, 200,000 jobs were created. The unemployment rate has dropped from 11.5% to 8.3%. Today, the IMF tells us that Canada will lead the G-7 countries in job creation.