Minister, you've said that the financial crisis in Ireland was caused in part by a housing bubble, but I think that's broadly recognized. Various sources, including the Economist Intelligence Unit, say that Canada has a housing bubble that is in some ways worse than Ireland's. Why did your committee go against your officials and abort the formation of a financial stability committee similar to that implemented by other G-20 partners, which could take prudent action to address Canada's housing bubble?
On November 23rd, 2010. See this statement in context.