Mr. Speaker, we are saddened today to learn of the passing of Mr. Gerald Bouey, who was the Governor of the Bank of Canada from 1973 to 1987.
I would like my colleagues to join me in expressing our deepest regrets to his wife, Anne, and his children, Kathryn and Robert.
On many issues, history proved Mr. Bouey right. While at the helm of the Bank of Canada, Mr. Bouey warned of the dangers associated with government deficits. He also believed in the necessity of having an anti-inflation policy at the Bank of Canada. For a few years already, this government has followed Mr. Bouey's advice.
Mr. Bouey once said, “It's not the bank's job to be popular”. These are the words of a man of principle who was not afraid to tackle difficult problems head-on.
Let us pay tribute to the memory of Gerald Bouey.