Mr. Speaker, I commend the hon. member for Burlington for his erudite and persuasive argument in support of a national securities regulator for Canada.
I wonder if the member has taken into consideration the fact that we are in a global fiscal crisis and that we have seen developments over the course of the past 18 months that have resulted in cries around the world for greater regulation of activities and products in the financial sector. I wonder whether the member for Burlington would agree that the events of the last 18 months, including the efforts of the G7 and the G20, further support the compelling need for a national securities regulator in Canada.