Mr. Speaker, as Canadians know, we are in the midst of a global recession. It is a deeper recession than anticipated. Fortunately, as the IMF confirmed on Friday in its report on Canada, Canada entered the recession in the strongest position of any country in the G7, and Canada will exit the recession in a strong position because of the steps we have taken in Canada's economic action plan.
Canadians know this. Canadians know that we are better off than other countries. Canadians know that our financial system is solid and so is our fiscal situation.