June 10, 1993 (34th Parliament, 3rd Session)


Joy Langan (Deputy Whip of the N.D.P.)

New Democratic Party

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?

Subtopic:   EMPLOYMENT
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