Mr. Speaker, we have seen how the markets have responded to that October financial statement, but the finance minister continues to live in fantasyland when he tells us again and again that the economic fundamentals are right. He sounds like Michael Wilson 10 years ago.
Canada continues to have the highest income taxes in the G-7 and the second highest level of debt in the developed world. We are moving inflation beyond the target set by the Bank of Canada, and we continue to suffer with a 65 cent dollar.
How could the finance minister tell us that we are well prepared for the choppy economic waters ahead when in fact all economic fundamentals are wrong in the country?