Mr. Speaker, I thank the member for Palliser for his insightful intervention.
Let me continue to give a number of citations from the former finance minister. The next one is from September 26, 1997. This is very important because it indicates the direction in which he and this legislation are planning to take this vast pool of hard earned Canadian money. I quote:
I have always been an apostle of the Caisse de dépôt and I think having a Canadian Caisse de dépôt to manage the savings of Canadians is very important.
That was stated by the former finance minister as he was setting up the board that we are now seeing put into place. The Caisse de dépôt et de placement in Quebec manages the Quebec pension plan. This is the model he is looking at. This is the model he has been leading up to in all these quotes.
What is the result of the use of this model? The result is poor returns on investment. The Caisse de dépôt et de placement has produced returns according to the chief actuary--