Mr. Speaker, the Leader of the Conservative Party, having himself been a member of a government, knows that the Minister of Finance does not comment on the value of the dollar.
What he should also understand is that in fact interest rates are a matter of inflationary expectations. What occurred the last time the government raised the overnight rate is that long-term rates came down. It is long-term rates upon which investment decisions are made and upon which large consumer items are purchased.
In fact, what the Bank of Canada is doing is very responsible.