Mr. Speaker, I will be pleased to talk about Canada's economic action plan, which was created by the previous Conservative government following the 2008 economic crisis.
We decided to invest in the work of Canadians and in projects that made a big difference for communities. Rather than giving money directly to Canadians, to avoid high unemployment, we gave money to initiatives intended to get Canadians working, which enabled our country to fare better than all the other G20 countries. Canada was number one. Just a few months after Canada's economic action plan was implemented, the Canadian dollar was at $1.10 relative to the U.S. dollar. We were doing better than our neighbours to the south. Now, we are lagging behind. We are last in both the G7 and the G20. The Canadian dollar is barely worth 70¢. That is the difference between investing to get Canadians working and giving people money to mitigate inflation.