Mr. Speaker, in addition to Air Canada's announcement today that it is laying off 9,000 employees, Bombardier is also laying off 3,800 workers. The Minister of Finance said in June that he would introduce a fall budget if the economy worsened. Since June, over 30,000 Canadians have lost their jobs. Today's IMF report is pointing to an even sharper economic slowdown globally.
How much worse does the economic situation have to go before the finance minister stays true to his word in June that he would introduce a fall budget? The economy has worsened. Why is there no fall budget? What is the finance minister trying to hide from this House and from Canadians?