Mr. Speaker, I would like to congratulate my colleague for the presentation she made. I would like to ask her a question regarding the interest rates.
A few years ago, we had interest rates of 10%, 15%, 22% for mortgages, and now interest rates are the lowest they have been for the last 40 or 45 years. If someone had a house with a mortgage of $100,000 on average, or maybe a bit more now, savings from this interest rate mortgage payment would be enormous for the household of Canadians living with a mortgage.
The opposition complain that there are no tax breaks this time around, but we are living with the biggest tax breaks any government has ever given: $100 billion to taxpayers a few years ago. It is still in that process.
Could the hon. member comment on the low interest rate impact on mortgage payees? They are saving thousands of dollars a year because our government policy has generated such a low interest rate for mortgage holders and business people.