Mr. Speaker, the hon. member is mistaken. In fact the rate of bankruptcies both personal and business is on the decline.
I would just like to add a couple of facts to the numbers of the Minister of Human Resources Development. The member may want to know that not only were 44,000 new jobs created for youth this year. It has been over 200,000 since January 1998.
Since December 1996 there have been 909,000 new jobs created in the country, with 526,000 created in the last 12 months. In the past seven months, 400,000 new jobs were created—