Mr. Speaker, in 1993 when the government took office the Canadian dollar was at 75.5 cents U.S. Since then the dollar has dropped 14%, dropping 9% over the last eight months and hitting record lows last summer.
When the dollar drops so does the standard of living of Canadians. In fact in the third quarter of this year there has been a 3.5% increase in the cost of living of Canadians over the same period last year. As the dollar drops we are seeing Canadians suffer.
Will the minister explain to Canadians why the dollar has gone into a free fall under his leadership?