Madam Speaker, we are eliminating duplication and unnecessary costs. There are going to be no office closures and no job losses. It is a voluntary membership. It is a competitive advantage because we are competing against the world.
I would like this regulatory office, if it happens, to actually be located in Fort McMurray, since I understand some 30% of the TSX is related directly to the oil sands.
My question to the member is this, why is the passport system not working as effectively as it could be to compete against the rest of the world, which is our competitiveness in this case?