Mr. Speaker, today the Bank of Canada downgraded its projections. It now believes the Canadian economy will shrink twice as much as it earlier projected, and it has abandoned its optimistic forecast for the Canadian economy. It used to suggest there would be a rebound next year. That now will not happen.
Faced with this mounting evidence, is the government still going to cling to its old approach of just crossing its fingers and leaving the middle class to struggle for itself, or is it actually going to take some action, finally understanding that Canada is going to need a second stimulus package?