Mr. Speaker, the best measure of a country's economic progress in international terms is in the value of its currency.
When the Liberals took office in 1993 the Canadian dollar was worth 78 cents U.S. This morning it is worth 67.25 cents U.S., a decline of about 14%, and see-sawing back and forth, struggling for even this poor performance.
Could the Minister of Finance tell Canadians why even in the midst of the economic boom of the past several years he has not been able to protect the value of the Canadian dollar?