Mr. Speaker, I am quite surprised by this dramatic shift in policy by the NDP. It was only a few months ago that the finance critic for the NDP, the member for Winnipeg North, declared that her party was a large proponent of a common securities regulator. She, as the finance critic, openly admitted that Canada did not seem to have the toolbox necessary to deal with corporate fraud.
In May 2007, in a Toronto Star interview, she was quoted as saying that she was convinced of the need for a national securities regulator, rather than the piecemeal approach, the provincial approach.
Why has the NDP abandoned the position of its former critic of just a few months ago?