Mr. Speaker, the first quarter drop in GDP means Canada could be halfway to its first recession in 16 years. Our first quarter performance was the worst in the G-7. Consumer confidence has plunged to a seven year low. Today GM has announced 1,000 more job losses in Oshawa.
With these devastating job losses in his own backyard, will the finance minister finally end his ostrich-like preaching that all is well and stop denying that the Canadian economy is in serious trouble?