Mr. Speaker, it is important for the Canadian economy, investors and businesses to have efficient and competitive capital markets, including securities exchanges. The TSX-MX merger highlighted the importance of that. These are private decisions in the best interests of shareholders, but they have recognized larger issues as well. Globally, exchanges are increasing their size to lower trading costs through mergers.
It has been described as an historic moment. Even Quebec's finance minister, Monique Jérôme-Forget, recognized its importance when she said on December 11 in the Globe and Mail, “Politically it's good for Montreal, and if it's good for Montreal it's good for Quebec”.
Would the member for Markham—Unionville agree with the Quebec finance minister on that?