Mr. Speaker, the very least that can be said in all this is that the Minister of Finance is completely confused. The first project was for a Canadian securities commission that would replace all the provincial commissions.
Second, faced with mounting opposition to the project, they decided it would be optional. Then there were, in theory, not ten securities commissions but 11. This morning, in the newspaper, the minister said: "This could perhaps be cut down to two or three". This is just so much stalling around. It is what comes of not looking after your own affairs.
Since nobody in Quebec wants a Canadian securities commission, since opposition is growing in British Columbia and Alberta, and since there is a viable alternative to this commission known as the SEDAR system, now being developed and put in place by provincial commissions, why is the finance minister so bent on pushing ahead with this project, which would be devastating for the economy of Montreal?