Mr. Speaker, for months the government has been dragging its feet on the issue of foreign investment. In the meantime, the list of foreign companies that are reneging on their commitments through layoffs continues to grow: Vale Inco, Stelco and now Custom House in Victoria. We need new regulations governing foreign investment to determine whether takeovers are truly in the public interest and to determine what guarantees are required.
Will the minister develop these new regulations before—yes, before—deciding who the Toronto Stock Exchange will be sold to?