Mr. Speaker, today it was announced that 20% of Bell has been purchased by the Americans. The other day we lost the Canadarm from Spar to the Americans. The member for Winnipeg—Transcona indicated in a question a couple of days ago that almost $63 billion of what used to be Canadian is now gone.
Would the member not agree that if foreign banks are allowed into this country, with the power and the size they have, they would eventually not only gobble up our own financial institutions, but also would intrude into areas of auto leasing and insurance? Would he not think that would not be a good thing for Canadians?