Mr. Speaker, this government will always recognize constitutional jurisdiction when it comes to financial matters in our country.
The finance minister has been very clear. We are seeing some troubling things coming out of 13 separate regulators across the country. We heard many presentations at committee about the asset-backed commercial paper issue.
Perhaps we would not be facing these issues if we had a common securities regulator. We encourage the provinces to take a serious look at this. It is important to our Canadian investors.