Mr. Speaker, I thank my colleague for his speech, which highlighted some macroeconomic issues in Canada's economy.
All day today we have been hearing from the Liberals saying our debt-to-GDP ratio is pretty good, but there are two factors they ignore. The first is subnational debt, so that we are really comparing apples to apples with other nations. The second is the economy's ability to service debt. The best measure of that is productivity, which also is lagging substantially behind our trading partners.
I wonder if my colleague could comment on those.