Mr. Speaker, we are hearing some rather concerning rumours about the economic and fiscal update.
The Minister of Finance seems to be under pressure from Bay Street to lower corporate taxes, on the grounds that he should keep step with the United States. The problem is that the tax cuts in the U.S. did not create jobs. They largely served to boost senior executives' salaries. Furthermore, the United States is on track to post a $1-trillion deficit.
Will the Minister of Finance confirm right here that he will not be announcing corporate tax cuts?