I thank the hon. member for Outremont and minister in charge of regional development. But if he really wants to work, I urge him to show his unflagging faith in Montreal's future and to publicly undertake to oppose the project for a Canada-wide securities commission.
The answer he gave when he quoted the Minister of Finance is far from satisfactory, and I will tell him that no Quebecer believes in that statement from the Minister of Finance that, if Quebec refuses to participate in the activities of the Canada-wide securities commission, the Quebec Securities Commission will remain, and there will be two commissions.
Nobody believes that, for two reasons. First, when there is a securities commission for all of Canada, a national commission, it takes precedence over all of the others. Financial circles will turn to the Canada-wide securities commission, which will probably be established in Toronto, because all this government's financial decisions revolve around Toronto. Second, the government wishes to increase efficiency, yet it will agree to maintain provincial securities commissions in addition to a national commission. This is absolutely inefficient and not in the interest of the financial circles, which are looking for stability and certainty.