Mr. Speaker, the hon. member mentioned a couple of things. First of all, with regard to debt, I remind the hon. member that Canada has the lowest debt-to-GDP of any country in the G7 by far, and we are well on track to bring it down to the level the Prime Minister said it would come down to by 2020, which is 25%. We are currently at about 32%. That compares to the next-lowest country, which is Germany, at 54%. The numbers speak for themselves. Canada is in very good shape with respect to our trading partners and to other G7 countries.
With regard to FATCA, I remind the member opposite that this was not our law. It was a law that was passed by the U.S. Congress. It is a law that would have come into effect no matter what we did here in Canada, and it would have been extremely onerous to our financial institutions, as well as to Canadians holding dual U.S. and Canadian citizenship. Thanks to the efforts of my late colleague, Minister Jim Flaherty, we were able to achieve a significant compromise with the U.S. government. We were allowed to get provisions that would not have existed otherwise that will significantly lessen the burden on Canadian financial institutions and on Canadians holding dual citizenship.