February 27, 1978 (30th Parliament, 3rd Session)

PC

John Carnell Crosbie

Progressive Conservative

Mr. Crosbie:

Last year, I pointed out to the Minister of Industry, Trade and Commerce that devaluation of the dollar was not a permanent solution to our trade ills, but the minister rejected that and said that the devalued dollar, the "Chretien dollar", the dollar with the backside gone out of it, is the answer to our trade ills.
The Conference Board of Canada put out a report last week. I ask the Prime Minister whether he agrees with the conclusions in the report of the Conference Board that devaluation of the dollar is no permanent solution to our trade ills, and that growing deficits in manufactured goods, future large shortfalls in the oil and gas trade, deficits in service payments, including tourism, and the impact of negotiations with GATT, will have an adverse impact on our economic future.

Topic:   ORAL QUESTION PERIOD
Subtopic:   VALUE OF CANADIAN DOLLAR-CONCLUSIONS OF CONFERENCE BOARD OF CANADA
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