Mr. Speaker, the inevitable happened. Yesterday, the Governor of the Bank of Canada indicated that low interest rates are a thing of the past, that interest rates will rise, and that Canadians will have to live with that. Unfortunately, over the past three years, we have had a completely irresponsible government that went on a spending rampage and racked up a deficit three times higher than expected and promised. The government has no idea when it will balance the budget.
Since the Prime Minister has reneged on all of his election promises, will he at least take into account what the Governor of the Bank of Canada said yesterday?
The party is over.