Mr. Speaker, before Oral Question Period, I carefully listened to the debate on our motion and the speech by the member for Saint-Hyacinthe—Bagot. He carefully explained why a special committee should be struck to consider the creation of a pan-American monetary union. There is a possibility we might participate in the creation of a pan-American monetary union.
In his speech, my colleague argued the response of members on the government side was quite weak. Their arguments are half baked. They are putting them forward saying “No, we do not want such a committee, we do not want to debate the possible creation of a pan-American monetary union”.
Moreover my colleague for Saint-Hyacinthe—Bagot reported the Secretary of State for International Financial Institutions had argued that Canada's monetary policy was very important for Canada's sovereignty.
My question is this: could my colleague tell me how independent Canada's monetary policy is from the United States? Is this not merely an illusion?