Madam Speaker, I agreed with my colleague right up to the last sentence, when he described me as an experienced economist. The member for Markham—Unionville, who is also an experienced economist, will know very well that an economist is defined as someone who makes as few mistakes as possible. So I do not like the adjective “experienced”, but I will accept it.
In fact, the government boasts about all the good news and takes credit for it. In the meantime, the Conservatives are trying to break something that works perfectly well. I will take the example of the Autorité des marchés financiers. We have come through the financial crisis in Canada with regional authorities, provincial authorities, that work together on the passport principle. It is working, it has worked. It has functioned well and now they are saying oops, it is not in Toronto, so it must be bad and we are going to take it over.
I would remind the member that some years ago, the people in the government, who were in opposition, were in favour of the bank mergers and acquisitions of Canadian banks by American banks. There must be a God, because it did not happen, but that has nothing to do with the policies of the federal government.