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

LIB

Herbert Eser (Herb) Gray

Liberal

Mr. Gray:

Mr. Speaker, I have another question for the Minister of Finance. I want to start by saying that the Prime Minister, speaking as leader of the Progressive Conservative Party to the Canadian Construction Association last March 2, said:
Record high interest rates work against confidence because they work against growth-
He went on to say:
Interest rates must come down if we are to get the Canadian economy growing at its full potential. It would be the policy of the Progressive Conservative government to gradually bring these interest rates down.
In light of these commitments I would ask the minister how he and the Conservative government can do just the opposite and agree to these record high interest rates.

Topic:   ORAL QUESTION PERIOD
Subtopic:   THE CANADIAN ECONOMY
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