Madam Speaker, the member said that the Liberal government has devalued the Canadian dollar. I am wondering by which measure he is making this claim.
If the member is claiming it is based on valuing it against the U.S. dollar, the exchange rate is actually among the highest in the last five years. If he is talking about it in terms of what inflation has done to the Canadian dollar, indeed that inflationary impact has been felt around the entire globe. The value of our dollar still remains significantly higher than other countries'.
Can the member clarify what he meant when he said the Liberal government has devalued the Canadian dollar? By most measures, that is just factually untrue.