Mr. Speaker, I thank the Prime Minister for that update. Under the circumstances, I understand that he cannot tell us more.
Yesterday, representatives from the Bank of Canada confirmed to members of the Standing Committee on Finance that they could do nothing more to stimulate the Canadian economy until we do something to reverse the growing trend of household debt soaring to record highs. Household debt in Canada represents a real threat to our economy.
Instead of sending his Minister of Finance out to talk mortgage lenders into increasing rates, why does he not deal with household debt?