Mr. Speaker, the National Bank of Canada projects a 3.6% growth for Canada next year, following this year's 3.3% growth. This is an extraordinary forecast. We will once again lead the G-7. We will once again have a balanced federal budget. We will once again lead the United States.
2002 was unprecedented. We not only led the U.S., but while U.S. economists were revising their forecasts down, our forecasters had to revise their forecasts up. All Canadians benefit from this. For example, in 1990 a typical family in a typical house paid 40% of its income on the mortgage. In 2002 that family paid only 25%. 2003 is going to be another great year.
Happy new year to you, Mr. Speaker. Happy new year to all MPs and happy new year to all Canadians.