Mr. Speaker, I listened to my Bloc Québécois colleague, who even went so far as to quote the IMF, which apparently said the model was perfect. I would like to share with him another quote from the IMF:
Securities regulation is currently a provincial responsibility, but the presence of multiple regulators has resulted in inadequate enforcement and inconsistent investor protection and adds to the cost of raising funds. It also makes it hard for the country to respond to changes in the global market place or to rapidly innovate.
My Bloc Québécois colleague often talks about the Quebec nation. How will this help Quebec businesses if we prevent them from raising funds in Ontario, when we know that 80% of the money available in stock brokerage is in Ontario? How will that help Quebec businesses?