Mr. Speaker, in 25 years of working in the corporate finance business, I can tell my colleague that the cost of doing any capital fundraising in Canada is much greater than it needs to be and is much greater than in any other country of comparable size. This results in higher costs to the company, to consumers and to those investors.
In many cases, Canadian investors do not have the opportunity to invest in good companies that would be listed on Canadian stock exchanges simply because of this cumbersome, expensive, multi-jurisdictional process that makes it difficult and expensive for companies to list on Canadian exchanges and therefore list elsewhere. For example, they will not be able to invest in some of those companies through their RRSPs.