Mr. Speaker, do you want the good news or the bad news? I will start with the good news. We all need a boost. The IMF is out with its revised projections for economic growth and world output growth is up. Advanced economies' projected output is up. American GDP output is way up, almost double.
Now for the bad news. Canada's is one-third lower than projected just back in October. That is equal to $30 billion in lost GDP and lost paycheques for Canadians. Now that Canadians will not have those paycheques, what does the government expect them to do? Put it all on a credit card?