Mr. Speaker, the member seems a bit confused.
What has happened is that the federal government at the request of a number of provinces has sat down and looked at the possibility of creating a national securities commission. The major purpose of this is to ease the issuance of prospectuses, a great deal of which will benefit the business community in Montreal, in Quebec and in Vancouver and all of British Columbia.
I find it very hard to understand that the hon. member opposite would say to the federal government that when the provinces want to rationalize their operations, make them more effective, make them more competitive, the federal government should not sit down with them and try to do that. It is very clear that the real purpose the member has is to not make the federation work, is to not make Canada competitive. That will not work out to the benefit of anybody, including the business community in Montreal.