Mr. Speaker, according to the World Economic Forum, Canada has dropped off the world's top ten in growth competitiveness, with countries like Singapore, Iceland, Norway and the Netherlands all surpassing us. In 1994, Canada was ranked third. In 2000, Canada was ranked sixth. Today Canada is ranked sixteenth.
How can the Prime Minister explain this dramatic drop? And why should we expect anything better from his replacement, the man who presided over the decline as finance minister during the past 10 years?