Mr. Speaker, I see that even the Minister of Finance does not know what he is talking about. He should ask the current Minister of Immigration who, when the letter was sent to the President of the Privy Council, was in Mr. Johnson's cabinet. She shared Mr. Johnson's opinion that the federal government should not interfere in the securities industry, an area that comes under the exclusive jurisdiction of the Quebec government.
Again, I ask the Minister of Finance, who normally gives me serious answers, a question that is as serious as the first one, in the hope that he will give me a straight answer this time around.
Will the minister admit that this new intervention in an area of exclusive provincial jurisdiction could have a negative impact on securities operations in Quebec by fostering a gradual transfer of these operations, including those of the Montreal Stock Exchange, from Montreal to Toronto?