Mr. Speaker, the government keeps telling Canadians that everything is okay yet in light of Moody's downgrade it should be obvious it is not.
If the government's fiscal plan is so good, then can the Prime Minister tell us why since the government's first budget interest rates have risen by more than 400 bases points? Why have five-year mortgage rates risen more than 2 per cent costing homeowners an extra $300 per month on a $100,000 mortgage? Also, why has the dollar lost over 20 per cent of its value versus the yen and the mark?