Mr. Speaker, when asked about the record low Canadian dollar, the finance minister responds that although the Canadian dollar is doing badly compared to the U.S. dollar, it is actually doing well compared to other currencies. The minister is wrong. This year the Canadian dollar has lost 11% against the Mexican peso, has lost 2.5% against the Russian ruble, has lost 6% against the Argentine peso and has lost 4% against the British pound.
If the fundamentals are strong, why is the Canadian dollar doing worse than pesos, rubles and pounds, for goodness sake? Why is he passing the buck on the Canadian dollar?