Mr. Speaker, the Quebec and Alberta finance ministers have harshly criticized the plan for a national securities commission, the old dream of the Minister of Finance. According to them, the current passport system works very well. By eliminating this system, the government will create conflict between its Toronto commission and the existing authorities.
How can the government claim that Quebec and the other provinces are free to keep their regulators, when it is prohibiting—even abolishing—the passport system?
Why are they trying to tear this apart instead of making it better?