Madam Speaker, my question is around credit ratings. Last June, Fitch downgraded our national credit rating. At the same time, S&P warned it could downgrade our credit rating over the next couple of years, “should the deterioration in the government's fiscal position become more severe and prolonged than we currently expect.”
My colleague pointed out very aptly that the Prime Minister has now stumbled blithely into the fiscal unknown. Does my colleague think Canada might be in danger of a credit downgrade again, and what effect might that have on our prospects fiscally?