Mr. Speaker, my question is for the Minister of Finance. There is mounting evidence that Canada is losing revenue to tax havens. A recent security regulator's report found that the Canadian investment dealers are holding 13,000 accounts in OECD blacklisted tax havens. We have also seen the CIBC play with its profits to reduce taxes in this country.
Will the Minister of Finance show some leadership and hold talks with the provinces to create a national securities watchdog that would tighten regulations and require full disclosure of transactions with tax havens?