Mr. Speaker, in the summer of 2002 the finance minister gave the green light to bank mergers. Then, weeks later, the Prime Minister said no to bank mergers until after his retirement. Today the finance minister promised that the government will soon “deliver new policy on the financial services industry”.
Will the finance minister admit that his government's new policy on bank mergers is simply that his new prime minister, the member for LaSalle--Émard, will allow Canadian banks to merge?