Mr. Speaker, last Saturday, Le Soleil quoted the Minister of Finance as saying in an interview that it was urgent for the federal government to invade the area of securities, an area of exclusive provincial jurisdiction, because Canada was losing its capital markets to New York and Chicago.
Does the minister recognize that what makes New York and Chicago attractive to Canadian investors is the greater savings available in the U.S. as well as higher prices for an initial issue of shares, and has nothing to do with purely political motives like his excessive taste for centralization that makes him interfere in this exclusive provincial jurisdiction?