Madam Speaker, toward the end of last year, we grew at 0.1% to 0.3%. That will almost certainly make our debt-to-GDP ratio go up. We are spending billions of dollars. I do not think it is unreasonable to say that if we did not have our sizeable $30-billion deficit and a declining GDP, we would be in a better position today to handle an economic downturn.
In the House of Commons on March 9th, 2020. See this statement in context.