Mr. Speaker, I appreciate the warm applause from the Conservative Party.
The Minister of Finance has to face the harsh fact that the IMF report today, which he has quoted very selectively from, states very clearly that the IMF is changing its growth projections for Canada. He has to recognize very clearly that the IMF said something else quite significant at the end of its report and he said that it is precisely because Canada has the fiscal room to move that it is important for Canada to look hard at the need for flexibility in the face of changed circumstances. This is where we part company with the government. Will the minister not admit that the world is--