Mr. Speaker, the most important thing the government could do would be to have a ministerial meeting on the issue of financial literacy. The government has an obligation to not only recognize an issue, but to consult with people, different organizations, whether it is the government or private sector, to see how it can take a more collective approach to ensure we maximize the amount of financial literacy programming. Not only would people in schools be educated, but there would also be the potential of educating people within the working environment. Whether one is 40 years old or 16 years old, that individual is being taught some sort of financial literacy. Hopefully the financial literacy officer would take a look at those types of initiatives to encourage that.
I made reference to the $1.63 of debt for every $1 annually that a person has. That is very close to what it was for the Americans at the time in which they had the huge housing crisis. I am not trying to raise a red flag unnecessarily, but I would suggest that people should take note that the Governor of the Bank of Canada, Mark Carney, raised the issue. We should be listening and taking appropriate action, especially on government policy.