Mr. Speaker, I thank my colleague from Calgary--Nose Hill for the question. It boils down to Canada's competitiveness in the international globalization economy. We all know that 43% of our economy is tied to exports. Exports are a crucial factor for Canada's prosperity. Our hands are tied when our companies are taxed at a high rate. The debt load ties them down because of lower dollars and they end up becoming uncompetitive.
China proposed a trading bloc for Far East countries at the economic discussions held in Shanghai. The European Union and NAFTA have also formed trading blocs. Trading blocs are being formed and the world is becoming more competitive.
Canada will lose its share of the world market if we do not look at our economic regime to ensure that our companies have the ability to compete on the global market. Canada's prosperity would be jeopardized if that happened.