Mr. Speaker, the reality is that the federal government has no business in this sector. That is a fact.
When you have the president of the Quebec Securities Commission, the president of the Montreal Stock Exchange, Quebec's chambers of commerce, and now the National Assembly all agreeing that the federal government should stay out of this sector, it is starting to look like there are very few people in Quebec who are in favour of the plan. When even Daniel Johnson rejects it out of hand, there is something wrong somewhere.
So, I would like to ask the following supplementary: Does the minister realize that the creation of a Canadian Securities Commission, in addition to being completely ineffective and inappropriate, because the provinces can manage on their own, is pure interference in an exclusively provincial area of jurisdiction?