Mr. Speaker, let us talk about how Canada is one of only a handful of countries around the world that maintain a AAA credit rating. That stamp of approval means that we have not just a strong fiscal position but also an enviable one.
The head of the IMF has said that Canada is acting decisively to use its fiscal space to make the investments that are going to boost our productivity and growth. We are on the right track.
Canada lost its AAA credit rating in the early 1990s, after the party opposite was in power with reckless deficits and ballooning debt.