Mr. Speaker, I will never apologize for keeping housing costs low when I was the minister of housing, but if someone was hoping for some interest rate relief today, as a mortgage holder or as someone with a small business loan or a line of credit, they got some bad news: The Prime Minister is not worth the cost. Rates are staying high long because, as the Governor of the Bank of Canada said, if government spending grows, then interest rates will have to stay high to combat the resulting inflation.
Why will the Prime Minister not accept my common-sense plan to fix the budget with a dollar-for-dollar law to bring down rates?