Mr. Speaker, may I start by congratulating you on your position and all your fellow Speakers, as well as all my colleagues in the House who have returned and those newly elected.
I would like to thank my family for the support they have given me over the past 11 years while representing the Kitchener--Waterloo riding as the member of Parliament.
As I stand to speak in the 38th Parliament of our country, I cannot help but think of the many constituents I have, and every member has, to represent here. I want to thank them for placing their trust in me, as I am sure is the same with every other member who occupies this place.
If I think back 11 years, when we were first elected to government, one of the biggest problems we had in the country was the level of the national debt and a deficit of $42 billion. At the time, with the exception of Italy, we had a debt load that was the second highest in the G-7. Italy had the highest debt load.
This coming year we will end up having the lowest debt load. We have eliminated the $42 billion deficit and we have started making substantial payments on the national debt, which to me is a real pay off to the hard work of Canadians. It means that Canadians no longer have the biggest expenditure that we make as a nation, and that is interest payments to finance that debt.
The riding I represent really points to the excellence of our post-secondary institutions. It also points to the need to continue to support our post-secondary institutions. My riding is home of the University of Waterloo which began in 1957. In 1957 the population of Waterloo was something like 15,000 people. The university grew and so did the city. The population of the city of Waterloo is now over 100,000 people.
We are also blessed with Wilfrid Laurier University, as well as a campus of Conestoga College. Therefore, when I talk about the new and emerging economy, my community is at the forefront of the new economy.
We have other industries besides educational industry in my riding. Many of them have grown from the universities. We are a leader in the area of insurance, having the home offices of Manufacturer's Life and Sun Life of Canada. We have a chamber of commerce. We have a high tech association of industries known as Communitech. We also have Canada's technology triangle which encompasses the Waterloo region.
When we saw t we were making headway with getting the fiscal order of the country in shape, one of the first things we did was start investing in research and development to assist emerging Canadian knowledge based companies that were coming into their own and developing in Canada. We made sure that these companies could grow in Canada and become world leaders.
In my community, in particular, we have many of these companies. One of the smaller companies is Micohealth, which involves new technology information to deal with health problems such as diabetes. It is an emerging company. As well we have Mitra and Agfa which are leading providers of imaging information systems for health care enterprises. Also, DALSA Corporation has digital imaging technology. Dspfactory is in audio processing and is responsible for the best in hearing aids, which more and more of us will be needing or are using now.
We are home to Raytheon Canada which does radar installation at airports around the world and has invented over the surface radar for maritime surveillance. We also have Sybase for managing unwired enterprises, as well as Open Text, which is the world's largest search engine for corporations. It is like Yahoo, but its clientele are corporations. Of course many members in the chamber are familiar with Research in Motion, which makes the world famous BlackBerries that many of the members have.
What is so wonderful about those companies is that they are the payoff that we get for investing in research and development. I think that is something very wonderful.
On October 1, I, along with one of the principals of those companies, Mr. Mike Lazaridis, attended the opening of Perimeter Institute for Theoretical Physics, a research centre for pure physics. Mr. Lazaridis, who came to this country in 1966 as a six year old Greek refugee from Turkey, personally donated $100 million to have this institute started.
The Prime Minister, who was at the opening, talked about the importance of knowledge. He said “Sovereignty in the future will depend on the capacity of a country to demonstrate to the world that its brainpower, its ability to look into the future, is as great if not greater than the others. I think Perimeter Institute stands for the kind of Canada we want to build”.
When Mr. Lazaridis made that $100 million donation to the research institute, it was the single largest donation to a research facility.
The throne speech talks about modernizing the Citizenship Act that we have as Canadians. First let me say that this is a promise that I hope we will discharge, and I hope we will discharge it with another component of the throne speech which talks about the Charter of Rights and Freedoms because this is of great importance to Canadians, particularly those Canadians who were not born in Canada.
I came here in 1957 following the Hungarian revolution, which will be celebrating its 48th anniversary on October 23 of this year. I adopted Canada and Canada adopted me. I have really been blessed to be part of this country. However the reality is that under the current Citizenship Act my rights to my citizenship are not covered in legislation that respects the Charter of Rights and Freedoms, particularly section 7. I look forward to working with the government to make this happen. I am very pleased that I am the chair of the citizenship and immigration committee.
When I look around this chamber, we have 39 members who were not born in this country, which is really wonderful because it is a real testament to this country as to how a person can come here as an immigrant or refugee and be elected to this chamber. Of the 39 members, 23 countries are represented.
I look forward to working with members from all sides of the House, particularly on the issue of citizenship because it is an issue around which we should not have partisanship. We all recognize the importance of immigration to Canada. We are either immigrants or we are descendants of immigrants. I really look forward to this 38th Parliament.