Madam Speaker, I am pleased to rise on behalf of the Bloc Québécois to speak on Bill C-23, Canada-Colombia Free Trade Agreement Implementation Act.
I want to say at the outset that the Bloc Québécois will not support this bill. Why? Because the Canadian government's main motivation for entering into this free trade deal is not trade, but rather investments. Indeed, this agreement contains a chapter on investment protection. It will make life easier for Canadians investing in Colombia, especially in mining. It is important for those watching us today to understand that usually bilateral agreements are signed to promote free trade, not investments.
This reminds me that, when I first came to the House of Commons, in 2000, the first to contact me were representatives from major Canadian banks. They were lobbying for legislation to allow them to merge their institutions. The Bloc Québécois doggedly opposed bank mergers in Canada, because we figured that dividends that grew every three months were enough for the shareholders, but also in terms of services provided to the public. As I put it to the lobbyists, why merge banks if there is no problem? They said it was to increase their investment power. They wanted to buy big banks, and the example I was given was that of the United States.
History will judge the Bloc Québécois, but one thing is sure: had the major Canadian banks been allowed to merge, as the Liberals and Conservatives wanted them to be at the time, there would have been a high price to pay now for having done so, and Canada would not be among the first countries expected to emerge from this economic recession, quite the contrary. Our ability to come out of the recession is predicated on how major the Canadian banking system is. Moreover, if we, Quebeckers, are so fond of the concept of a banking system focused on serving the public, it is because we have developed the largest banking service cooperative in Canada and North America: the Desjardins Movement. We are proud of that for one simple reason and that is—