Mr. Speaker, Canadians are clear on the two most important economic issues we face, inflation and high interest rates.
They understand that government deficits cause inflation. Runaway deficits cause runaway inflation. This year's deficit is expected to be $47 billion, $7 billion higher than forecast. To say this is a runaway is an understatement. The Bank of Canada's governor has been clear that deficits are the main factor keeping interest rates high.
Will the Prime Minister cap his runaway spending with a dollar-for-dollar rule to bring down interest rates and inflation?