Mr. Sinclair Stevens (York-Simcoe):
Mr. Speaker, I rise under the provisions of Standing Order 43 to move a motion on a matter of urgent and pressing necessity. Whereas figures released today by the Department of Finance indicate that Canada's foreign reserves have fallen by $573 million since the end of last year, and whereas those same figures indicate that our U.S. dollar reserves have declined by $565 million while the Canadian dollar has fallen to a 95-cent range, I move, seconded by the hon. member for Dauphin (Mr. Ritchie):
That this House ask the government to make a reference to the Standing Committee on Finance, Trade and Economic Affairs so that a full review of Canada's activities with respect to its international reserves and the falling dollar may be made.
Sub-subtopic: REQUEST FOR COMMITTEE STUDY OF CANADA'S INTERNATIONAL RESERVES AND DECLINE OF DOLLAR- MOTION UNDER S O. 43