Mr. Speaker, as a matter of fact, Canada has had an enviable fiscal and financial record in the last number of years. It has, over the last seven years in which we have run surpluses, paid down significant sums of debt, $61 billion. The debt to GDP has been reduced to something in the order of 40%, interest rates are around 2.2% and inflation is within the band of 1% to 3%, all of which puts enormous sums of money back in the hands of Canadians where it is deserved.
In the House of Commons on February 17th, 2005. See this statement in context.