Mr. Speaker, tax reductions were recently announced in Budget 2000.
We know that the price of petroleum is coming down. We know that in terms of the GST it represents one cent of the twenty cent increase over the last few months. The provinces have much more excise tax on gasoline than the federal government. We are hoping that the price of crude will continue to go down. It has not had an amazing effect; it has had a very limited effect on inflation.