Mr. Speaker, that is simply not true.
I encourage people to read the testimony of the Governor of the Bank of Canada and news reports about that testimony. Here is what he said, and I am quoting precisely: “Keeping the debt-to-GDP ratio on a declining track, and importantly keeping deficits below one per cent of GDP in future years, the budget also commits to those guardrails going forward and that is helpful.” Those are the words of the Governor. People can just take a look at the transcript.