Mr. Speaker, I thank the member for Nepean for his multi-pronged question.
First, we recognize that the federal debt-to-GDP ratio is among the best, except that goes back to what the Parliamentary Budget Officer said. Members will recall that, in the 1990s, the federal government solved its debt problem by increasing the fiscal imbalance, or in other words, by reducing transfers to the provinces. The provinces are struggling because the federal government chose to increase the fiscal imbalance rather than dealing with it.
When it comes to the various sectors of the economy, I would remind the member that the Minister of Innovation finally promised an aerospace policy. Canada is the only country with an aerospace industry that does not have such a policy. Is there anything about that in the budget? No. There is zip, zero, zilch.