Mr. Speaker, the first six months of this year saw Canada have the worst economic performance of the G8.
In September, we were told that a recession would not be coming. In October, we were told that there would be no deficit. At the time of the economic statement, we were told that there would be a small surplus. Twelve days later, we were told by the Bank of Canada that we were in a recession.
In the last three months we have lost 250,000 jobs. The time for action is now. We need to protect Canadians and we need an economic stimulus now.