Madam Speaker, I appreciate the member asking a very clear question. I will try to give it as quick an answer as I can.
First, we have seen the drop of oil prices, energy prices. Energy exports are a major part of our GDP. Obviously, if we are sending less and receiving less for it, we are going to see a greater trade deficit because we still have a lot of manufacturing.
Also, in the case of globalization, we are now getting microchips and parts from other areas of the world, such as Asia, where it is sent to Canada. We draw it in, and then we repackage it in today's automobiles. That makes us competitive. It also allows for the benefits of trade to extend wider and further. Therefore, that raises the trade deficit.
However, if we talk to most macroeconomists in the area of international trade, they will say that a deficit is not a bad thing; it just has to do with the context surrounding it.
If the member wants a more concise answer, he should speak with a variety of economists and seek out whether this environment is suitable for that level of trade deficit. Again, if it is a large number and it cannot be accounted for, we should seek answers and clarity.