Mr. Speaker, my colleague's question is a good one. I do not often do this, but I will start by giving credit to the Prime Minister for understanding that regulation is necessary in banking. People in politics make decisions and we have to understand that if they are the wrong ones, we will make the right ones.
I will take this decision with regard to regulation and deregulation one step further. For example, I have received many letters from people with small businesses in my riding. They are really concerned about credit card fees and the whole idea that Interac will be deregulated and they will be unable to make any money because of the increase in fees. Yet we do not seem to be doing anything. I do not want the Prime Minister or another prime minister years down to the road to say that it is time to start regulating the grain industry.
If we see a potential problem, we have to be proactive. As I said earlier in my speech, we have to dot the i's and cross the t's so later we do not say, “I didn't believe it was right, but now it is time to regulate”. Let us ensure we have a strong Canadian wheat industry that is regulated now and protects our farmers.