Mr. Speaker, while the prime minister was away at the APEC conference, peppering his meals with other APEC leaders and peppering Canadians with amusing jokes, the Governor of the Bank of Canada this week peppered Canadians with a 25 basis point increase in interest rates. As a result of this, the value of the Canadian dollar went down the following day and continues to go down again.
Could the prime minister explain to Canadians why the financial markets are reacting negatively? Could the prime minister tell us what is wrong with his policies that is provoking this downward trend in the dollar?