Marcel Joseph Aimé Lambert
Hon. Marcel Lambert (Edmonton West):
Mr. Speaker, my question is to the Minister of Finance. In light of the fact the Bank of Canada raised the bank rate some two weeks ago with government approval in order to contain lending by banks, would he care to say what the views of the government are on the report that the banks may again increase their prime rates so they can increase their deposit rates in order to cope with the excessive demand under the inflationary pressures today?
Sub-subtopic: POSSIBLE FURTHER INCREASE IN BANK INTEREST RATES