Mr. Speaker, the Liberal interest rate policy is killing the hopes and dreams of Canadians to own their own homes. As well it is severely hurting our Canadian economic recovery.
Since the Liberal government jammed the interest rates upward last fall, the result has been that the last half of 1994 was the most brutal on record for house sales. The high unpredictable interest rate policy is also forcing residential construction into a nosedive which is costing thousands of jobs.
This Liberal government has not learned its lesson from the last time it was in office when its high interest rate policy caused the 1980 recession.
I am telling the Liberal government to listen. High interest rates mean fewer home sales, less consumer spending, smaller economic growth and fewer jobs. The Liberal high interest rates are wiping out any chance Canada has of seeing an economic recovery and it is hurting families desperately.
Canadians are worried about their future, but this government is not interested in home buyers or Canadian consumers. It is only interested in keeping the banks and the moneychangers happy and wealthy.