October 25, 1979 (31st Parliament, 1st Session)

LIB

Herbert Eser (Herb) Gray

Liberal

Hon. Herb Gray (Windsor West):

Mr. Speaker, I have a question for the Minister of Finance. How could the minister have agreed to the advice of the governor of the Bank of Canada to raise interest rates yesterday to 14 per cent, when the governor today told the finance committee he was unable to give to him or the committee his forecast of the effect of this interest rate increase on such matters as jobs, economic growth, mortgage rates, housing starts and small business?

Topic:   ORAL QUESTION PERIOD
Subtopic:   THE CANADIAN ECONOMY
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