Mr. Speaker, the election of a new American president could lead to higher interest rates.
The chair of the U.S. Federal Reserve, Janet Yellen, is saying that the rate hike could come as early as December. This is very bad news for Canadian taxpayers, because it is already costing them and our current annual budget $24.9 billion in interest alone.
Meanwhile, what is the Minister of Finance doing? He continues to spend as though nothing were wrong and is running up colossal deficits.
For the 10th time, I want to ask the government the following: when will it return—