Mr. Speaker, that from the minister who loosened the rules to begin with.
The Economist magazine and the Bank of Canada are united in their warning that Canadian families are at risk because of serious debt and housing bubbles.
Can we trust this minister today when he says, “Don't worry; be happy”, when in fact he is the minister who helped cause the problem by loosening the rules to begin with? He is the minister who helped create not only a national deficit that is at record levels at $56 billion but also record high personal debt levels with his crazy mortgage rule changes.