Mr. Speaker, that is a substantive issue. The answer is, yes, we do and he will hear about it in due course.
The problem right now with manufacturing job losses is that it is not a proposal for the Conservative Party to cut corporate taxes in the future. That has nothing to do with the losses we see today. The losses today are because of Canada's competitiveness gap and we are losing jobs to jurisdictions that have a more competitive environment. That is why they are getting the jobs. There is no question about it.
One of the problems we face today is a dollar at parity. A dollar at parity has a lot to do with the economic policies of our country. We have seen government spending rise to a level that we have never seen in the nation before, and the Minister of Finance has seen that situation develop. High government spending has always been inflationary, which is something the Conservatives pointed out in past times of Liberal governments.
Inflationary spending breeds higher interest rates. Higher interest rates attracts capital from around the world. As capital inflows to our country, because we have petro reserves, we see our currency rise in value. We are considered to be a petro currency country.
The combination of high government spending, a recurrence of inflation and oil reserves in Canada have driven our dollar higher. That has erased the competitive advantage a lot of our manufacturers have and our job losses in large part are a result of that. I fear they have only just started and we have to reverse this trend.
I would be very pleased to work with the hon. member opposite to find ways to restore our competitiveness instead of eroding it as the Conservatives have done.