May 16, 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. Now that the Statistics Canada figures with respect to inflation have been made public, indicating that when the provincial sales tax figures are added back in, the inflation level in Canada in the past year has been 9.1 per cent, would the right hon. gentleman tell us whether Governor Bouey of the Bank of Canada was expressing government policy today when he said the falling dollar was contributing to inflationary pressures, and that whatever advantage it would give to Canadian exports would be lost if we did not contain the fall-out effect of the devalued dollar on costs and prices?

Topic:   ORAL QUESTION PERIOD
Subtopic:   THE CANADIAN ECONOMY
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