Thank you, Ms. Nash. I appreciate the involvement and comments by Mr. Carrie and Mr. Stanton.
I would want to make sure the subcommittee involves all members of this committee. It isn't exclusive to the steering committee, and I don't want that confused here. There seems to be some question about whether we're referring to a subcommittee. This subcommittee would be tasked with the responsibility, and I think three days would be sufficient. If that's the vehicle that members are comfortable with, I'm comfortable with it too.
I understand Madame Brunelle's comments with respect to the importance of the Competition Act, but the Competition Act and the competition commissioner have no reach as far as international exchanges are concerned. Since it's international pricing that is driving up the cost of energy and food, I think this committee has to be precise in recognizing the realities that are driving the prices up.
That's not to take exception. I think the intention of my two friends in the Bloc Québécois are sincere. They're on the right track as it relates to that part of the industry. I don't think this motion takes away from the ability for us to call in the commissioner, but it will allow us to add support to a growing concern that Canada, like many other nations, will find itself beset by bursting commodities bubbles, as we've seen with housing and dot-coms. We need to work as hard as we can to close the Enron loophole.
Having said that, I am not adverse to meeting this summer. In fact, it might be suggested that we meet in two-week intervals, perhaps at the end of the month, perhaps next week. I don't know. I don't want to encumber the agenda of the committee. Then we could meet once in August. We would make recommendations based on what we've learned.
As to the other point the Bloc has raised, that Madame Brunelle has raised, I think we want to make it abundantly clear that there will be not just
to look at the situation, as they say, to hear about how big the problem is, but also to make recommendations to Parliament, by consensus, I hope.