The office of the Quebec minister has informed me that he saw a problem with respect to a procedure whereby a province would be designated by the federal government. Could you please explain to me why we need the federal government's blessing for legislation that has been in place in Quebec for 20 or 25 years and which provides for a maximum interest rate of 35%?
What legal justification does the federal government have to require not only that Quebec inform it if it has legislation of this type, but also to ask it to provide confirmation that the legislation is in keeping with the federal government's expectations?