Mr. Speaker, I have a question for the Minister of Finance who, I guess like everyone else, was surprised yesterday to learn that interest rates are now on the way up again.
We have acknowledged that inflation, at 1.8 percent, is well within the parameters of the Bank of Canada's monetary policy. The minister says he has to take action because the inflation rate is at 1.8 percent.
How high do unemployment levels have to go before the minister also takes action on interest rates?