Mr. Speaker, I would like to thank the member for his question. He said that our government believes that the constitutional authority of each level of government must be respected.
Our intention is to act within the federal constitutional power with respect to all matters relating to trade and commerce in Canada. Certainly we intend to respect the constitutional authority, as it is, of the various provinces with respect to various issues.
I remind the member opposite that the call is not for a federal securities regulator but for a common securities regulator.