Mr. Speaker, what the Bank of Canada recognizes is that by the elimination of the deficit, it is in a position to act. What the Bank of Canada recognizes is that by the paydown of $35 billion worth of debt, the Bank of Canada is in a position to act. What the Bank of Canada recognizes as a result of the massive tax cuts brought down by this government in the stimulation of the economy is that it is in a position to act. That is what the Bank of Canada recognizes.
In the House of Commons on October 24th, 2001. See this statement in context.