Mr. Speaker, in the wake of this budget the Canadian dollar has soared by a full cent. The Conservatives might not get it but currency markets know that the minister's budget is inflationary and it will lead to higher interest rates. Higher mortgage rates threaten the housing market and can quickly wipe away the entire benefit of a year's cuts.
Does the minister not get it? Does he not realize the damage this can do to working families? What third rate economist did he consult with, the Prime Minister?