Mr. Speaker, Alan Greenspan has just cut the United States federal reserve rate by 50 basis points. The Canadian dollar is weakening and the C.D. Howe Institute has stated:
Inflation has been creeping up and is now pushing on the upper limits of its target range, which of course will limit the bank's ability to match the federal reserve's rate cuts.
Could the government tell us how it intends to provide further stimulus to the Canadian economy without further jeopardizing our dollar and without risking inflation?