Mr. Speaker, once again, the Bloc Quebecois has been overtaken by events. They should know, as the Montreal Stock Exchange members and the business community in Montreal and throughout Quebec know full well, that competition now comes not only from Toronto, Calgary and Vancouver but also from Chicago, London, New York and Philadelphia.
If we want the Canadian business community, in Quebec and the other provinces, to be able to compete with the Americans, the British, the Europeans and the Japanese, we must strengthen our position. This is what we are doing. Creating a federal securities commission in co-operation with the Montreal Stock Exchange and the Quebec people will make us stronger.
There has never been a better example of the extent to which the Bloc Quebecois exists in the 1950s, perhaps the 1960s if it is lucky. The world has changed. Quebecers are no longer in competition with Ontarians. They are in competition with the Americans, the Brits and the Japanese.
What we want to do is give this country the best foundation possible, and that is what is happening here.