Mr. Speaker, in his speech, this very member recalled when the Canadian dollar was worth $1.10 to the American dollar. He thought that was a happy time. Precisely the problem now is that the Korean currency is so low. It is below the Canadian dollar and below everything. It means that Korean labour, relative to North American labour, relative to Canadian labour, is very underpriced. The problem is to understand not just labour costs, but to understand the difference between the values of international currency.
In the House of Commons on May 3rd, 1999. See this statement in context.