Mr. Speaker, it seems to me that virtually every Quebec public company that I am aware of trades on the Toronto Stock Exchange and they do it to gain access to national and international capital markets.
If I were to talk to the CEOs of these companies, whether it is BCE, Bombardier or any other company, I am quite sure they would be the first people to say that we have too many regulators in the business. It drives up the cost of public financing and it makes the cost of capital uncompetitive in Canada. I think they would be the first people to step up to the plate and ask to be freed from this over-regulation that we have across the country.
Oil companies in Alberta would probably be in the same boat. They are listed on the Toronto Stock Exchange and they must comply with the Ontario Securities Commission's rules and maybe 13 provincial and territorial agencies on this. It drives up the cost of raising capital and gaining access to the markets.
The reality is that Quebec companies are trading on the Toronto Stock Exchange today. Does the Bloc Québécois not understand that reality?