Mr. Speaker, let us take a look at the facts. The former Liberal prime minister anticipated a $31-billion deficit this year. According to today's announcement, the projected deficit is twice the anticipated amount. Today, the government is confirming the creation of a sovereign wealth fund. The Minister of Finance compares Canada to Norway and Saudi Arabia. The major difference is that these countries develop their natural resources using their budget surpluses. Here, we run deficits. The government is going to put $25 billion on the credit card of Canadians to create this fund.
As for our biggest economic partner, the United States, the economic update contains only three short lines about the Canada-United States-Mexico Agreement. They say that they are going to talk about aluminum, steel, the automotive industry and forestry, and that the negotiations are going to resume. There are only three short lines about the agreement with our largest financial partner, the United States. It is also the country we conduct 75% of our trade with. Does the importance of this agreement amount to no more than that?