Madam Speaker, that is such a broad statement that it is funny. In fact, Canada has done extremely well in the world. We are solid. Our banks have not had the fate of the banks in every other G8 country in the world. Canada was solid and it was because a Liberal government moved in 2001 to put in the structures that regulate banking institutions and make them accountable. That is why today everyone is boasting about Canada's solid economy. However, that is not going to remain for long. The hon. member already mentioned that and, in fact, there is need for quick action.
In the House of Commons on April 23rd, 2009. See this statement in context.