Mr. Speaker, first of all, the decision to designate Montreal and Vancouver as international banking centres has yet to be made. Second, in his speech yesterday, the Prime Minister listed a whole series of measures the federal government has adopted to help Montreal and Quebec, of which the announcement about Bombardier is but one example. In the private sector, the pharmaceutical and aeronautical industries do more research and development in Quebec than elsewhere because of the federal government's support for R and D.
As far as the securities commission is concerned, the federal government's position is very clear: if the other provinces want to, we are ready to co-operate with them. It is up to them. In fact, all those who favour this option do so because they want to protect Quebec's financial industry, because they are very much aware that Montreal is not in competition with Toronto, but with New York, London and Frankfurt. That is what we will protect.