Mr. Speaker, the CEO of the Autorité des marchés financiers, Jean St-Gelais, has strongly condemned the federal government's plans to establish a Canada-wide securities commission in Toronto. This unfortunate plan would deprive Quebec of an important development tool. Mr. St-Gelais sees only one possible conclusion: Ottawa is trying to control all regulation of Canada's financial sector. Yet the recent agreement with China very clearly shows that the system is working.
Why does the Minister of Finance want to sabotage the AMF? Why does he want to divest Quebec of its financial sector for the benefit of Toronto? Why—