Mr. Speaker, when questioned about the record low Canadian dollar, the finance minister consistently responds that it is not his fault, that all currencies are doing badly compared to the U.S., yet in the last three years the Canadian dollar has fallen 5%. Over the same period of time the Mexican peso has gained 10%. Since September 11 the peso has gained 2.5% while the Canadian dollar has lost a point and a half.
If Canadian fundamentals are as strong as the minister likes to say, why is the Mexican peso doing so much better than the Canadian dollar?