Mr. Speaker, there is no doubt that as of July we had a surplus of over $11 billion.
That said, the member must know, if he has not realized, that the economy was slowing down before September 11. After the 11th, it must be said that the attacks on the World Trade Center had a significant effect on the Canadian and American economies.
That said, there is no doubt that the surpluses will shrink, and, unfortunately, substantially.