Mr. Speaker, today and tomorrow the Minister of Finance and his counterparts from Quebec and the provinces will meet to discuss establishing a pan-Canadian securities commission. The Quebec Minister of Finance has stated, and I quote, “There is no proof that it would be less expensive or more efficient and it would create too large a monopoly in Toronto”. Only Ontario wants such an arrangement.
Why does the minister insist on ignoring the will of the majority in order to please Ontario and his Bay Street friends?