Mr. Speaker, we were well prepared for the recession that came from outside Canada into Canada. We had paid down almost $40 billion in public debt. The most important thing is to protect jobs. We are still concerned with this tentative recovery that the unemployment rate remains above 8%.
However, let us remember how well Canada is doing. We have the best fiscal situation in the G7. We have the highest credit rating, the soundest financial system and the strongest growth in the G7 this year and next. Canada is poised to outperform all of its competitors.