Mr. Speaker, I see a lot of change going on in international securities regulations and sale. There is a lot of consolidation and globalization.
The point that I attempted to make in my brief remarks is that I do not see any way that 13 separate jurisdictional regulators, with their own laws, policies and regulations, will work.
The hon. member talks about my province. It is a very small province of 135,000 people. It does technically have a director of securities or a securities commission, but I know from personal experience that it basically rubber stamps whatever decisions, whatever opinions, come out of the Ontario situation, which in and of itself is not an effective way to go forward.
This country represents a very small number of people. Thirty-four million is an extremely small number of people compared to the world's population. It needs, it cries out for, one national securities regulator. Whether that will ever happen, I do not know. We do not know in this debate, but as we leave the debate, that should be the goal of everyone here.