Mr. Speaker, I would like to get back to the issue of the economic update and some facts. The fact is that Canada represents about 2% of the world economy. Some people seem to think that we can go it alone without taking account of what the other 98% is doing, and that, of course, is ridiculous.
Could my hon. colleague comment on the wisdom or folly of getting out ahead of what is happening in the U.S., particularly as it has the most interlinked economy and industries with us, and the wisdom of waiting until January 27 to field a budget that would take account of what the Americans are doing?