Mr. Speaker, it is my understanding that the bulk of those jobs will be lost through attrition. That does not in any way take away from the seriousness of the situation, as the hon. member knows full well. That is why in the new financial services legislation that we are bringing in we have followed the advice of numerous consumer and community groups across the country. We have put in notice provisions which were not there. We have put in consultation provisions. We have put in the kind of structure that would allow the government and the public to deal with this kind of situation in a fair and reasonable way.
In the House of Commons on October 27th, 1999. See this statement in context.