Mr. Stan Wilbee (Delta):
Madam Speaker, Canadians have endured a great deal of change over the last while but, as the latest economic reports show, we are beginning to reap our just rewards.
Both the OECD and the IMF have forecast that Canada will lead the G-7 in growth both in 1993 and 1994. As well, both organizations show that Canada's inflation rate of 1.8 per cent is one of the lowest among all of the industrialized nations.
Other signs of improvement include the GDP, which rose in the first quarter of 1993 by an amazing annual rate of 4 per cent, and job creation, as 69,000 new jobs were created in the same first quarter.
The job creation is almost solely the result of the free trade agreement, which in 1992 saw exports to the U.S. reach a record high level of $122.3 billion. That is $19.6 billion more than it was in 1988.
The facts are clear. New jobs are being created and the economy is on the rise. Canada is well on its way to new prosperity-
Topic: GOVERNMENT ORDERS
Subtopic: THE ECONOMY