Mr. Speaker, the member knows that the Government of Canada does not control global interest rates. The member is an economist. He knows the national debt is denominated in long rates, not in short. The Bank of Canada has influence only on the short end.
He is somehow suggesting the government has not done anything with regard to those rates. He is living in a fantasy world that somehow the government flips switches to make things happen. He knows interest rates have risen and are higher than the assumptions that were included in the finance minister's previous budget.
The finance minister has made corrections to ensure he meets his targets. That is responsible government. The finance minister understands the economy much better than the hon. member.