My question to the minister on behalf of the electors of Spadina is simply this: when does the Minister intend to give instructions to the Governor of the Bank of Canada to lower the interest rate structure to a tolerable level?
Topic: REQUEST THAT GOVERNOR OF BANK OF CANADA BE INSTRUCTED TO LOWER INTEREST RATES
Since the minister seems unwilling to consider any change in policy regarding high interest rates, what does he intend to do to alleviate the misery that is being encountered now by a million or more Canadians who are unemployed as a result of high interest rates which are mowing down employers?
Madam Speaker, my supplementary question is also to the Minister of Finance. On Friday, for example, we learned that another 144,000 Canadians have become martyrs to the theory that high interest rates will cure inflation and restore the economy. These people do remind us that the minister's cure for inflation is worse than the disease itself.