Mr. Speaker, yesterday was an economic statement. In the spring we had the budget.
As the member opposite knows, there is a major accelerated capital cost allowance in budget 2007 permitting manufacturers to write off new machinery and equipment over the course of two years. It is a 100% reduction.
If the member opposite wants to see how that is working, he should look at the graph on page 29 of yesterday's economic statement. He will see the increased spending on machinery and equipment. It is a tremendous upward effort. This is good for Canadian manufacturing.