Mr. Speaker, securities have always fallen under the jurisdiction of Quebec and the provinces. But the Conservative government's attempts to create a Canada-wide securities commission undermine the concerted effort made by the 10 regulatory commissions. According to Louis Morisset, from the Autorité des marchés financiers, the federal government's plan is counterproductive and it divides Quebec and the provinces.
When will the government recognize that the decentralized system works well, and that it would work even better if the government minded its own business?