Hon. W. Earl Rowe (Acting Leader of the Opposition):
Mr. Speaker, I should like to ask the Minister of Finance this question. In view of the announcement last night by the Bank of Canada that its interest rate has been raised to the unprecedented high level of 3J per cent, will the minister advise the house what is the purpose behind this new move on the part of the Bank of Canada?
Subtopic: BANK OF CANADA
Sub-subtopic: PURPOSE OF INCREASE IN INTEREST RATE