Mr. Speaker, as we have every year, and opposition members have had a lot of difficulty with it because they said we were being too prudent, the assumptions that were made in the October statement were then offset by the contingency reserve and the prudence for just this kind of eventuality.
That is why we do not have to rush into an economic update. It is certainly why we do not have to rush into a budget, because in fact we have shown the foresight. I have said that when the consensus of private sector forecasters is ready we will indeed do an economic update. We did it last spring and we will do it this spring. We did it last fall and we will do another one next fall. Welcome to the real world. That is the way the government operates.