Mr. Speaker, this morning President Bush announced that the assets of terrorists would be seized in the United States. No financial transactions would be possible.
I have a memo here from the Office of the Superintendent of Financial Institutions of Canada. There is reference to co-operation in the area of information sharing. The banks are being asked to release information to the FBI investigators.
Since the announcement by U.S. president goes far beyond that, I am asking the Secretary of State for Financial Institutions whether we are going to go as far as the United States is, that is to block transactions and seize assets, or will we merely co-operate in investigations?