Mr. Speaker, yesterday's events have seen a serious downturn affecting stock markets around the world. The contraction of global investment has very clear policy ramifications for Canada, particularly with regard to the future of the Canada pension plan.
The government suggestion of investing CPP funds into the stock exchange roulette increases the risk to future retirees due to worldwide speculation and downturns. History shows and recent events suggest that there is a clear warning against gambling with Canadian savings.
While the Liberal government wants to put the nation's CPP fund at the mercy of the stock exchange roulette, the Reform Party suggests to Canadians that their fully indexed public savings should be moved completely out of CPP and invested into private speculative markets which could lose their entire value.
Canadian savings should not be handed over to the compulsive gamblers in the casino society. Canadians want safe money in safe havens.