Mr. Speaker, over the years millions of Canadians have used Canada Savings Bonds to build a more secure future for themselves and their families. Today marks the first day of sales for the new Canada Savings Bonds.
Many Canadians are currently filling out application forms to buy the new Canada Savings Bonds. In so doing, they are joining the more than 7 million Canadians who already own such bonds.
This year's Canada premium bond offers a higher interest rate compared to the original Canada Savings Bond.
For the first time in over 50 years, Canadians will be allowed to buy Canada Savings Bonds and Canada premium bonds over a six-month period, from October 5, 1998 to April 1, 1999.
I invite all members of this House to follow my example and take this opportunity to invest not only in their future, but also in the future of our great country.