Mr. Speaker, the tax cuts that were introduced by the Minister of Finance in October, which came into play in January, are bigger than the tax cuts that will be implemented over 10 years in the United States.
I would like to quote from an April 23 IMF report. It states:
The recently enacted tax reductions, the cut in short-term interest rates, and high levels of employment are expected to help sustain momentum in economic activity in Canada....
The strong policy framework in place has positioned the real and financial economy to cope with any new major economic shock. The Canadian authorities are to be highly commended for their policy accomplishments.