Mr. Speaker, I am pleased again to discuss this issue today. Once again, I am going to quote from the article written by the Alberta minister of finance. He said that all financial services have been regulated by the provinces for the last 100 years. We are talking about credit unions, insurance and pensions. There is a lot of jobs at stake.
He said:
When it comes to diversification of the Alberta economy, financial services is one of the fastest growing sectors...The job-multiplying effect of having a provincial-based securities commission has been well documented by Quebec. As Canada and the rest of the world emerges from the recession, Alberta will lead the way. If we let the Alberta Securities Commission get scooped up and transferred to Toronto, we can also say goodbye to thousands of spinoff jobs in investment banking, law, accounting and financial analysts.
I assume that will be the same argument that will apply to Montreal. I assume that will be the same argument that Manitoba will use and has used for the last 10 years.
Would the member like to add any further comments to that?