Mr. Speaker, within the last 24 hours both the Bank of Canada and the IMF have been deeply pessimistic about the Canadian economy. The recession is intensifying. The economy is shrinking three times faster than projected. Joblessness is headed toward double-digit levels. Canada will not get back to where it was in 2007 until 2011.
As reported yesterday, is the government preparing a new budgetary update for September, or better still for June, before it has to make its second probationary report to Parliament on its failing record?