Mr. Speaker, in 1990 the current finance minister said that he would “manage the decline of the Canadian dollar so that it settles at its true value of 78 cents U.S.” Since 1993, the finance minister has successfully managed the decline of the Canadian dollar to a record low today of 62.96 cents.
Is the finance minister's hidden agenda to try to manage the Canadian dollar right out of existence, to de-value it to a point where he can justify accepting a North American common currency through dollarization? Is that why he is passing the buck on the Canadian dollar?