Mr. Speaker, in the Speech from the Throne, the government boasts, in one breath, about having an open federalism and respecting each level of government and then, in the next breath, it announces Canada-wide regulations to centralize the financial sector in Toronto. Yet, in Quebec, the National Assembly, the Autorité des marchés financiers, and the Montreal Stock Exchange stated that they were against the establishment of a centralized commission.
Does the Minister of Finance intend to respect the Quebec consensus and announce that he will not be going ahead with his project for a pan-Canadian securities commission which infringes on the exclusive jurisdictions of Quebec and runs counter to its interests?