Mr. Speaker, I thank my colleague for his question. I will refer him to a letter dated February 28 from Ms. Jérôme-Forget addressed to the Minister of Finance of Canada, saying the following:
First of all, I reiterate that the existing regulatory system in Canada works well and satisfies both the needs of pan-Canadian participants and the interests of the various regions. Accordingly, I will continue to oppose the implementation of any model leading to the concentration of market oversight responsibilities in the hands of a common or single regulator, regardless of how you call it.
And she added:
The passport system that the participating provinces and territories are setting up is a significant and unprecedented initiative to further simplify matters for pan-Canadian participants. It is a cooperative approach by the provinces and territories—
In other words, we have two choices today: go for the centralizing approach of the Conservatives who will change all the rules or move toward the cooperative approach sought by Quebec's financer minister. As far as we are concerned, the choice is cut and dry for Quebec; it is the one made by the Government of Quebec, the National Assembly of Quebec, and which the Bloc Québécois stands for in this House.