Mr. Speaker, I thank the hon. member for his question.
I believe the question relates to the speech I gave in Halifax this morning relating to a potential common securities regulator for Canada.
This is an important issue with respect to making sense of our economic union and in ensuring the provincial and federal governments work out a system whereby we have strong, effective and efficient capital markets in Canada so we can get away from a situation.
We are the only western industrialized society that has multiple securities regulators. We want to work on that in cooperation with the provinces toward a common national securities regulator.