Madam Speaker, I listened quite intently to the member's speech. There is one thing I would point out that is really quite remarkable. The hon. member from the Bloc indicates that Europe has an economic union. Canada is not an economic union. Canada is a country. Establishing a national, not a federal, securities regulator is consistent with a nation. We are a nation. We are a country from coast to coast to coast. The member neither supports nor understands that.
This is the crux of the situation. As a G7 country, we are the only one that does not have this kind of system. Every credible witness who has come before the federal finance committee, certainly in the time I was there since 2006, has insisted it is important that we get this established. It is voluntary. That is the other thing I do not understand about the Bloc position. It is voluntary. Those members have never quite been able to square the problem they have with a voluntary system.
In the market system today, whether it is corporate investors, personal investors or banks, people have a concern of confidence. We should do everything we can within our ability to instill confidence in the system. That is what a national securities regulator would accomplish. I cannot understand why the member would not want to see more investment into Quebec and all parts of Canada.