Mr. Speaker, there are a couple of points here.
It is interesting these days that the Prime Minister goes around the world and talks about how secure Canada's banking system is. That banking system is secure because in the previous government, I and other members on this side happened to sit on the committee which recommended that the banking system in Canada not go the same way and deregulate itself and allow foreign ownership, as happened in the United States. That is good regulatory protection in our banking system and that is why our banking system is working very well.
However, the Prime Minister's mantra has been to deregulate and that is in fact what the government is doing with the Canadian Grain Commission. The government is taking away that protection that is there for the Canadian grain producers, for our exporters and for our industry, that protection of the system with tough regulations in bonding that would ensure there is protection for the farm community and industry. The member is absolutely right. This bill will undermine those regulations and those protections for Canadians.