Mr. Speaker, the efficacy of capital markets is very important in Canada to help encourage jobs and investment.
I have had constructive discussions with my provincial colleagues with respect to that issue. This is not an issue dealing with the creation of any sort of national federal entity. It is an issue relating to the creation of a common securities regulator shared by all of us who are in government, the various governments in Canada.
This would help put us in a position to have a stronger economic union and to move toward more free trade in securities, not only in North America but in the G-7.