Mr. Speaker, in his speech to delegates attending the G20 Seoul pre-summit conference, the Minister of Finance noted that Canada leads the global economic recovery.
Canada leads the recovery because its economic and fiscal situation is stronger than that of most other industrialized countries. Our deficit this year is smaller than anticipated and, in fact, is the lowest in the industrialized world.
Our government responded to the recession by implementing the economic action plan, which created jobs and protected our families. Thanks to this economic action plan, we lowered taxes, invested in infrastructure and training, and increased our support for workers and families.
Since July 2009, the Canadian economy has helped create more than 420,000 new jobs. However, the economic recovery remains fragile, which is why we will continue on with the economic action plan in order to create jobs and protect our families.