Thank you, Mr. Chair, and congratulations on your re-election.
Welcome, and thank you for your opening remarks, Minister Menzies.
You mentioned several points that I think all of us around the table would agree with. You talked about—and I'm trying to quote it, but you were speaking very fast and it was very informed, so I couldn't write it all down and I may not get it exactly right—the idea that informed financial choices are vital in advancing the financial future of families. I think that's something we could all agree with. However, we don't see that in Bill C-28.
What Bill C-28 talks about is the creation of a financial literacy leader. That comes from the task force on financial literacy, but the leader also needed to come with an advisory council, and there's no definition of “financial literacy”. Therefore, Minister Menzies, what we've seen and what I think you and I could agree on is that we have different ideas of financial literacy. You could ask the OECD, and they would have a different definition of what financial literacy would be compared to what the task force on financial literacy brought forward.
The first thing I would ask then, Minister, is this: why was a definition of financial literacy not included in this bill?