Madam Speaker, it is really not surprising that a Bloc member is not interested in strengthening Canada's economy.
There have been a number of reports that show that a national regulator would better protect investors. It would reduce unnecessary costs and, therefore, attract new international investment. A Colombia University study showed that Canada loses $10 billion a year in economic output and 65,000 jobs because of our fragmented securities system.
It has been pointed out many times that this new regime would be voluntary. I would like to ask my colleague, why would he be opposed to a voluntary system that would strengthen Canada's economy?