Hon. P. M. Mahoney (Minister of State):
Mr. Speaker, as the hon. member knows the Minister of Finance was in very close touch with the Canadian chartered banks as recently as a couple of weeks ago, as a result of which short-term interest rates were lowered. I am sure he is in constant touch with them.
Subtopic: RISE IN PRIME LENDING RATE IN UNITED STATES- SUGGESTED ACTION BY MINISTER TO ENSURE CHARTERED BANKS DO NOT RAISE INTEREST RATES