Mr. Speaker, I am pleased to stand today in support of the budget implementation bill, Bill C-13. The bill has been debated for a very long time. It was initially tabled in the House on March 22, and today we are dealing with the implementation of the second phase of that bill.
What has happened since we started this discussion? Not only was it debated in the House, not only did it go to committee for a thorough examination and not only did it come back to the House, but we had an election. During that election, I think every member went door to door and talked about the budget. What happened in the end? The Conservatives have a majority government. Why? It is because Canadians said that this government would take care of the economy in this country.
Why were Canadians worried about that? They were worried because there was a disaster in Haiti, a disaster in Japan and a disaster in Iceland where two volcanoes erupted and caused a lot of problems with air quality and things like that. During those disasters, Canada generously participated to help communities and it kept a close eye on what was happening on our economic home front.
The Prime Minister has taken an amazing leadership role. Canada is known as the country with the most economic stability in the world at this point in time. It is not just this side of the House saying that. Many well-known companies, organizations and third parties have said that. Canada has the strongest job growth record in the G7.
What has happened because of this good planning? Six hundred thousand new jobs have been created and Canada's people are working. That is incredible.
The International Monetary Fund is forecasting that Canada will have the strongest overall economic growth in the G7 over the next two years. That is why we need to pass the second phase of this budget implementation bill and allow the economy to grow. Many wonderful things are happening and Canada is in a stable situation. Why? It is because our Prime Minister and the caucus have put together an economic plan that is good for Canada, Canadians, families and seniors.
Canada has the lowest total government net debt to GDP ratio in the G7, which is something to be proud of. We will get the deficit under control. There is a plan to do that.
The World Economic Forum ranks Canada's financial system as the soundest in the world for the fourth consecutive year. That is amazing in this global downturn. Moody's is renewing Canada's triple A credit rating due to our economic resilience. There is very high government financial strength. The world is saying that it is looking to Canada as a leader. As the prime minister of England said, “this is Canada's year”. This is Canada's year because of the leadership.