We have to acknowledge that the government has done a remarkable job to support the Canadian economy, particularly with the CERB and the Canada emergency wage subsidy. But all good things come to an end. I believe that when these assistance measures end, Canadian businesses are going to seek the protection of the Companies' Creditors Arrangement Act and ask the banks for help to restructure. In that case, I believe that this bill will motivate the banks to invest in those businesses' economic recovery, since their investments in those businesses will be protected in the event of bankruptcy.
So we will be killing two birds with one stone. First, the bill will offer greater security for workers and Canadian businesses. Second, it will offer greater security for our retirees who are living on their pensions and have no way to make up losses.