Mr. Speaker, I actually enjoy the opportunity to respond to my colleague's comments. I will provide him with a few statistics. He is probably aware of them, but I would still like to remind him.
Canadian labour markets have fared much better than in the U.S. The Obama administration is reporting job losses that are proportionally three times higher in Canada. The reason for that is the productivity in Canada and the economy is much better.
Canadian domestic demand growth has rebounded more strongly than all other G7 countries since the beginning of 2009. This led Canada out of the recession in mid-2009. The reason for that is Canadians are enjoying a certain level of spending that does not exist in other countries. Our manufacturing and agricultural economies are all doing reasonably well during the worldwide recession. Canada is dealing with it in a very good way. I believe the tariff-free incentive to industry to bring in new equipment will prove to be of great benefit to us all.