Madam Speaker, Canada has four dollars of household, corporate and government debt for every dollar of economic output.
That is the highest ratio in recorded Canadian history, twice our historic average, higher than the ratio in the U.S. during the subprime crisis or in Greece during that country's sovereign debt crisis.
We now show all five leading indicators of a forthcoming debt crisis. Will the budget, which has been delayed for two years, address this forthcoming debt crisis?