Mr. Speaker, the Minister of Finance is getting ready to reform the Canadian banking sector.
By redefining the rules of ownership, his plan encourages the takeover of small and medium size banks by single individuals and by foreign interests.
Will the Minister of Finance explain why, under his plan, the largest bank in Canada would be completely exempt from foreign takeover, while the largest bank in Quebec would be offered up on a silver platter to foreign investors? Is this how the federal government is going to strengthen the Canadian banking sector?