Mr. Speaker, recently the Minister of Finance announced that Canada would stop selling off its gold reserves which was initiated by the previous government and which has resulted in the depletion of Canada's gold reserves and has no doubt put pressure on the downward trend of the price of gold on the international market.
This is good news for Canada and to my riding Timmins-Chapleau, in particular to the city of Timmins which is known as the city with the heart of gold.
I want to acknowledge in this House the hard work of His Worship Mayor Vic Power, the mayor of the city of Timmins, for having brought pressure to bear on the government to stop the sale of Canada's gold reserves.
I am confident that this move by our government will have positive results and that gold will once again regain its glitter on the international market.