Mr. Speaker, yesterday the governor of the Bank of Canada increased the bank rate 25 basis points, allegedly for the purpose of propping up Canada's dollar.
The last time I looked this morning, the Canadian dollar was either where it was or actually lower than it was before the increase in interest rates.
Could the Minister of Finance explain to Canadians what it is exactly that he is trying to accomplish? What is wrong with his economic policies then if the dollar did not increase in value?