February 28, 1978 (30th Parliament, 3rd Session)

PC

Sinclair McKnight Stevens

Progressive Conservative

Mr. Sinclair Stevens (York-Simcoe):

Mr. Speaker, my question is for the Minister of Finance. As the minister continues to seed uncertainty in the marketplace with his inadequate statements and lack of decisive action on many financial matters, will he, in view of the still falling 89-cent Canadian dollar, clarify for the House and the Canadian public his statement of last evening-made outside this House-that it was the intention of the administration to take down $200 million of their $1.5 billion line of credit, but that it was only one sequence in a group of borrowings planned by the administration? What do they plan to borrow in total, and for how long?

Topic:   ROUTINE PROCEEDINGS
Subtopic:   VALUE OF CANADIAN DOLLAR-TOTAL GOVERNMENT BORROWING TO IMPROVE EXCHANGE RATE
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