Ms. Joy Langan (Mission-Coquitlam):
Madam Speaker, I have here a copy of a confidential report produced in the winter of 1993 by the International Monetary Fund which I will be happy to table with the House.
This report was done in co-operation with the Minister of Finance and the Governor of the Bank of Canada, Mr. Crow. The report cites a figure of 8.75 per cent as the natural rate of unemployment in this country. This is apparently a figure accepted by this government as a benchmark for Tory economic policy making.
My question is a very simple one for the minister. Can he explain to this House what exactly natural unemployment rate is?