Mr. Speaker, it is not only a threat to exporters. Currency manipulation can have a tremendous impact on the global economy. In the late 1990s and early 2000s, there were large waves of currency market speculation, which seriously affected many economies, particularly in Southeast Asia. Those repercussions were also global.
In the late 1980s and early 1990s, there was a massive devaluation of the Mexican peso, in part because of currency market manipulation. It had a serious impact on Mexico itself as well as the United States, which was Mexico's largest partner.
We need to be very careful. Canada needs to be vigilant as a country but also as a partner with many other major economies. I am thinking about the G20. We need to try to minimize the impact that speculation could have on the currency market and prevent this type of economic upheaval, which greatly affects the general public, but only benefits the speculators, who generally do not have the same concerns as the general public.