Madam Speaker, I heard my colleague from the beautiful area of Prince George—Bulkley Valley talk about bank mergers. I have a letter from the Canadian Vehicle Manufacturers' Association. It is very concerned about the banks entering into auto lease agreements as are insurance companies about banks entering into the insurance industry.
Would the member not agree that if the banks were allowed to merge and there is less competition in Canada domestically, the foreign operators would not set up bricks and mortar branches? There would eventually be virtual banking. Do he and his party not believe that would have a detrimental effect on other industries in Canada, which means a detrimental effect on workers and their families, as well as on the service charges people are now being forced to pay to banking institutions?