Mr. Speaker, our Prime Minister is in Mexico today for a key G20 summit.
Reflecting on Canada's leading economic strength and job growth during the economic recovery, our Prime Minister is bringing important advice. He will tell world leaders that economic growth and fiscal discipline are not mutually exclusive. In fact, they go hand in hand. He will emphasize that Canada's low taxes, balanced stimulus and deficit reduction measures have worked.
More and more the world is looking to Canada as a positive example of successful economic leadership. Indeed, in the words of the OECD last week, “overall, Canada's performance has been very good in recent years”. We attribute that to good “macroeconomic and structural policy settings”.
Here is what Iowa governor Terry Branstad said only days ago:
“...in the '80s and early '90s.... Canadian financial institutions weren't as healthy as ours. And their taxes were higher. Now.... Their financial institutions are healthier and their taxes are considerably lower. Their federal corporate tax—