Mr. Speaker, I will withdraw the word “lied”. But he did mislead the House and the Canadian people. There are securities commissions in other countries, such as in some states of the United States.
Mr. Labelle added that the best way to deal with the disjointed system the minister laments is not the centralization of power, but rather the passport system, which has proven its worth and works a bit like drivers' licences, which are valid across Canada.
Is the minister aware that, if his project goes ahead, the federal government and Ontario will be the ones making decisions about regulation?