I do have a question for Mr. Sanger.
I was very interested in reading your submission last night and the suggestion of a $500 million fund to create 50,000 green jobs. I thought that was very interesting, and you expanded on it in your written presentation but not in your oral presentation here today.
But my question for you has to do with a letter by CUPE to the minister on October 11, 2007, where it wrote:
...Canada's securities and financial market regulators have a dismal record. ...Canadians have been embarrassed...that regulation and enforcement of securities crime in Canada is so weak....
I also note that the Canadian Labour Congress has called for a national securities regulator.
As you know, the Conservative government is moving in this direction. Is this still the position of CUPE? Would you agree that a Canadian securities regulator is essential in guaranteeing the investment and retirement security of Canadians?