Mr. Speaker, with the appointment of Harold MacKay yesterday, the federal government is stubbornly persisting in striking a Canadian Securities Commission, using as a pretext the latest financial scandals. Yet Quebec has already taken action by introducing a series of amendments to its legislation with investor protection as the first concern.
Can the Minister of Finance explain to us why he insists on wanting to intervene in an area that comes under Quebec jurisdiction, rather than acting within the government's own areas of jurisdiction and its own legislation, where there is plenty of room for improvement?