Mr. Speaker, I want to advise the Liberal House leader that we are concerned about the Liberal budget. This morning we got the disturbing news that inflation has risen for the fifth consecutive month some 15-fold to 2.9 per cent. That is a concern.
The only sure way to fight rising inflation is to raise the interest rates. However, unless interest rates are lowered, and fast, Canada will likely go into a recession.
My question is for the minister of financial institutions. What is the government's priority at this time, to contain inflation and thereby risk a recession, or to stimulate the economy and thereby risk runaway inflation?