Mr. Chair, the first point I would like to correct is the unemployment rate in Toronto. It is now at 7.5%, down from its recession high of 10.2% in June 2002. The long-term unemployment rate, the share of the labour force unemployed for 27 weeks or more, has fallen by one-quarter from its peak during the recession. It is now below its long-term historic average.
In the House of Commons on May 14th, 2014. See this statement in context.