Mr. Speaker, approximately one to two months after we first took office, the Government of Canada and the Bank of Canada entered into an agreement whereby we set the inflation targets which is very important in terms of monetary policy in the country and in terms of keeping inflation low.
As you know, Mr. Speaker, keeping inflation low is a major asset toward the economic recovery of the country. What is crucial, if we are going to get interest rates low, is that we get the fundamentals right and that is job creation, investment in productivity, low inflation and the kinds of things we are now seeing within the Canadian economy.
We live in an interdependent world. No country is isolated from the effects of that. Getting the fundamentals right and the economy strong and cleaning up the finances of the country are by far the best ways of keeping interest rates low.