Mr. Speaker, my question is for the minister responsible for financial institutions. All Canadians have noted the rapid escalation of insurance costs in recent years. Farmers, school bus operators, charities and others have been particularly hard hit. The insurance for a community hall in a hamlet in my riding has risen from $250 to $2,500, with a reduction in the coverage involved.
Will the minister launch an inquiry into the insurance industry so that rate increases can be explained to the public?