Mr. Speaker, first of all, 100,000 jobs were created in the private sector in the last quarter. That is nothing to sneeze at.
We must compare the Bank of Canada's current policy to that of four or five years ago. As we all know, interest rates were at their peak in 1989. Therefore, there is no comparison.
The hon. member was right to quote me and the solicitor general, who was finance critic when we were both in the opposition. We were opposed to the monetary policy of the Bank of Canada then. The government of the time, in which the Leader of the Opposition was a cabinet member, and many erstwhile Conservative members who are now Bloc members, defended the policy.
So, instead of putting his question regarding the McCallum report and the Bank of Canada's policy to the government, I would suggest that the hon. member talk to members of his own caucus and maybe even have a private conversation on the issue with his leader.