Mr. Speaker, at the time the citations the member sets forth were made, we were in opposition and Canadian interest rates were substantially higher than the interest rates in the United States.
Today as a result of the actions of this government, Canadian short term interest rates are substantially below U.S. interest rates. They are almost 400 bases points or four percentage points below those of a year ago.
Also, employment is on the increase as a result of the actions of this government. Unemployment has dropped down from 11.5 per cent to 9.4 per cent. In the last four months the country has created over 160,000 new jobs. That is a fundamental difference between today and then.
There is one other difference-