Mr. Speaker, my question is for the minister of financial institutions.
There are now clear indications that the proposed mergers of the banks are on life support, they are dying. In fact, even the Liberal caucus now recognizes that the proposed mergers are not in the public interest.
The real question is how is the government going to make it up to its disappointed friends on Bay Street. Can the minister tell us whether there will be a trade-off? Will there be a trade-off if the government says no to the mega mergers but yes to the banks selling insurance or getting into the auto leasing business or both? Is that the trade-off?