Mr. Speaker, the hon. gentleman is right on: that is our policy and that is what we are going to do. We are going to bring these interest rates down when we have got inflation in Canada under control and when the other western industrialized countries have it under control. We are going to bring the interest rates down when the huge trade deficit of over $7 billion left by the hon. gentleman's government is
October 25, 1979
brought under control and when the budgetary deficit of $11 billion is brought under control.
Our policies are aimed, Mr. Speaker, at bringing interest rates down as soon as economic conditions permit. That is what we are dedicated to. What prevents us now is the record left by the hon. gentlemen opposite.
Subtopic: THE CANADIAN ECONOMY