Mr. Speaker, does the minister realize that, if we are not careful, we could, as mentioned in the most recent report of the Bank of Canada's governor, recreate the situation which prevailed in 1990, when Canada was the first country to go into a recession, before the United States, before Europe, before the rest of the world, because of a policy of excessively high interest rates? The governor of the Bank of Canada confirmed that last week. We are doing exactly the same thing again.
How does the Minister of Finance explain that the Bank of Canada's policy remained the same under his government, particularly in light of the fact that there are 800,000 fewer jobs than in 1990, and also considering that, before he took over the finance portfolio, he felt that this policy had a devastating effect on economic growth and job creation? There are 800,000 jobs gone.