Mr. Speaker, I listened to my hon. friend's comments and one of the things I found rather interesting were her remarks on how interest rates will be going up.
After the Toronto--Danforth finance minister had his budget accepted by the rest of the coalition, I was waiting to see which economist would be the first one out to warn about this. I read in the Ottawa Citizen that the higher spending would put pressure on the interest rates because of the extra demand side pressures due to the inefficient, non-productive spending that the government, with its new baby coalition partner, was promoting,
Could the member tell the House how higher interest rates will affect people in her riding who have mortgages on their houses? How will it affect them in their day to day lives? What will it do to the economy in the area of Surrey?