Mr. Speaker, I am rising today to take part in the debate on the motion by the Bloc about securities regulations, as put forward by my colleague from Saint-Maurice—Champlain. This motion asks for the exclusive jurisdiction of Quebec and the provinces to be recognized and asks the federal government to reject, once and for all, the idea of creating a single securities regulator.
The Liberal Party understands that our national prosperity is based on cooperation and fairness. It is based on a mutual respect between provinces and the federal government, and on recognizing that provinces are partners of our federation. The project of a national securities regulator by the Harper government must be consistent with the Constitution. Consequently, the government must refer the matter to the Supreme Court before implementing its plan...