Madam Speaker, in my home province of Manitoba we have a public insurance corporation which, for its first 25 or so years of existence, was mandated to stay with fixed income investments. That policy was laid out by the NDP government that set up the corporation and that policy was followed by successive Conservative governments. No changes were made at all.
At some magical point about 10 years ago when the equities market started taking off, corporations such as the public insurance corporation were mandated to start looking at equity investments. That is about the same time the federal government made the same move.
All we are saying is that in retrospect, that was the wrong move. We should never have gotten out of the tried and true fixed term investments, GICs and bonds. We should go back to them.
In the meantime, the government should either replace the board or order those people to get out of equity investing, stop taking bonuses, and pay back the--