Mr. Speaker, for three years we have worked very hard on job creation, and Canada has created more than 700,000 new jobs, which, I repeat, is more than Great Britain, France, Germany and Italy combined.
I agree the demand is enormous, but we managed to reduce unemployment from 11.4 per cent in January 1994 to 9.7 per cent. We want to do better, we always do.
Today, for instance, Canadians benefit from interest rates that have dropped by five percentage points in two years and are now two and a half percentage points lower than interest rates in the United States. When you look at the Canadian economy, you can see the results of this policy, because today, car sales, housing sales and construction, and industrial expansion are all benefiting from the lowest interest rates we have had in Canada for 35 years.