Mr. Speaker, the minority Conservative government's recent decision about income trusts was a massive attack that cost Canadian investors billions of dollars.
Jacques Dompierre from the Ottawa region wrote: “I think that...the changes proposed by [the Minister of Finance] are a serious mistake”.
Mr. Dompierre thinks that he should never have had to take such huge losses because of his government and he added, “It is clear that Ottawa must reconsider the proposed changes and try to undo this week's carnage”.
Many Canadians agree. They invested their money in income trusts because they believed the Conservatives' election promise.
Mr. Speaker, there is no justification for the Conservatives' about-face.