Mr. Speaker, I thank my colleague for his question.
First of all, we can take specific cases. The Commission des valeurs mobilières du Québec is doing its work well, and the Canadian system is functioning well. On this subject we must refer to specialists, such as the International Monetary Fund, which has examined our system and found it to be mature, evolved and well managed, declaring that Canada has established a very effective and virtually unified regulatory and control system, and that its system for regulating the securities markets shows that principles have been largely implemented.
What is more, in 2006, the OECD ranked Canada second in the world for the quality of its securities regulations, as did the 2006 study by the National Bank. So the system is working well. Why change a system that is working properly to enrich the Toronto Stock Exchange?