Negotiating the maintenance of a common economic space will then be a question of common sense and economic interest for all partners. I leave it to the members of this House to draw their own conclusion. The May day celebration dates back to 1870. This year marks 125 years of these May day festivities. The celebration is an important part of Canada's heritage and continues to be the longest running celebration of its kind in the British Commonwealth.
Children dancing with ribbons around the maypole, parades, music and fun fill the week.
Dignitaries from many countries including Queen Elizabeth II have joined the festival in past years which includes marching bands from across Canada and the United States, as well as traditional cannon shots in memory of Queen Victoria, done with two anvils and gun powder between. The royal city is proud to present the Hyack festival, a symbol of west coast spirit within the Canadian family of communities. Even at the low end of the range the loss of revenue to Canada is significant enough to warrant the urgent attention of all Canadians. When a consumer is offered a lower price in return for a cash payment and no invoice not only are they condoning tax evasion, they are also hurting honest taxpayers. Under the table economic activity creates unfair competition to honest businesses, resulting in bankruptcies and loss of jobs.