Mr. J. M. Forrestall (Dartmouth-Halifax East):
Mr. Speaker, I rise, under the provisions of Standing Order 43, to move a motion of some urgency. Traditionally, the Atlantic region is the hardest hit when government, in the name of restraint, drastically changes its monetary and fiscal policies. Considering the fact that we are probably more dependent upon the small business community than most other regions of Canada, and that these very abrupt changes and abnormally high interest rates will have a very serious impact on that segment of our economy, I move, seconded by the hon. member for Central Nova (Mr. MacKay):
That the Prime Minister direct the Minister of Regional Economic Expansion to cause the preparation of a strategy in the very near future which will have the effect of offsetting any major, unbearable and unacceptable economic impact in that area.
Subtopic: THE CANADIAN ECONOMY
Sub-subtopic: INCREASES IN INTEREST RATES-STRATEGY TO OFFSET ADVERSE ECONOMIC IMPACT IN ATLANTIC REGION-MOTION UNDER S.O. 43