Mr. Speaker, the hon. member ought to know if he looked back over the last 18 months that the Euro has lost close to 25% against the U.S. dollar. The British pound has lost close to 15%. The Australian dollar has lost close to 10% and New Zealand currency has lost substantially. In fact the only currency in the last year and a half that has gained against the U.S. dollar is the Canadian dollar.
In the House of Commons on September 21st, 2000. See this statement in context.