Mr. Speaker, I thank my colleague from Mississauga—Erindale for his speech. Unfortunately, however, he still believes in magical thinking.
The member is contradicted by the senior deputy governor of the Bank of Canada. In a recent speech to the Economic Club of Canada in Toronto, Tiff Macklem clearly stated that Canada's exports have fallen dramatically. In fact, they remain $35 billion below their pre-recession peak and more than $130 billion below where they would be in an average export recovery.
In fact, the observation that the senior deputy governor of the Bank of Canada made was that many Canadian exporters have gone bankrupt or have turned to the domestic market.
I would like to know how my government colleague can deliberately turn a blind eye to such a dire situation.