Mr. Speaker, at the meeting of the finance ministers of the western hemisphere, two weeks prior to the Quebec summit, we did discuss this. The vast majority of the finance ministers said that it was a remarkable turnaround the Canadian economy had seen with the elimination of the deficit, the largest paydown of debt in Canadian history and the largest reduction of taxes in Canadian history.
In fact, most of the finance ministers would have agreed with the conference board today which said that the first quarter of 2001 was one of those rare moments in history when a huge dose of fiscal stimulus was actually occurring at exactly the time that it was needed.