Mr. Speaker, as the member mentioned yesterday, there was a good exchange of views on this issue of securities regulation with provincial counterparts. It was a good meeting. The discussion centred around the need for better access to capital by Canadian companies, a more competitive cost of capital, increased investment choices for Canadians and, of course, this would create more jobs for Canadians.
We are within the federal jurisdiction and we will be preparing a paper on this issue, and I hope the hon. member will read it.