Mr. Speaker, when we took office, Canadian interest rates were 250 basis points across the board higher than the American rates. Today they are at or lower than the American rates. This is because of the very strong fiscal policy that we have brought in, putting our economic house in order and a monetary policy which has kept inflation down. We will continue to follow those policies.
In the House of Commons on October 21st, 1999. See this statement in context.