Mr. Speaker, it is interesting. We have the finance committee travelling round the country. Virtually every group and organization has presented proposals for the federal budget. And after a year we still have no fiscal policy from the Government of Canada.
Since the Minister of Finance appeared before the committee a month ago and admitted that his budget projections were all wrong, the Canadian dollar has lost over a cent in international markets and interest rates have risen steadily as a consequence.
I have a supplementary question. Does the government have any proposal for dealing with the deteriorating financial situation other than raising interest rates?