Mr. Speaker, the banks moved immediately on the reduction in interest rates. We have seen mortgage rates come down dramatically. What is very important is that we maintain the fiscal integrity of the country because that is what enables the Bank of Canada to bring interest rates down. It is what enables the banks to bring interest rates down.
We are in the middle of a global slowdown. It is very important that we protect Canadians through the downturn and that we be in a position to lead the recovery when it comes.