Mr. Speaker, clearly Conservatives are out of touch. Canadian households have never been so deeply in debt, never. Scotiabank says Canada will likely be the first country to go back into a recession. Now the International Monetary Fund projects Canada's unemployment rate will keep rising and is downgrading Canada's economic prospects.
When will the Minister of Finance finally wake up to our economic reality, or is he happy just to watch from the sidelines as Canadians face another economic downturn?