Mr. Speaker, I thank my hon. colleague across the way for standing and speaking in favour of financial literacy, in moving forward with this legislation and sending it to the Senate.
It is obvious that there is a need for some financial literacy based on the speech that was just given. We talked about CPP outperforming the marketplace. I would like to know if the member opposite could break down how much the CPP has invested in the actual stock market. Does he know how much is in bonds, treasury bills and in common shares? I wonder if he understands that CPP is invested, actually, in the marketplace and the reason it is outperforming is because it is a pool.
He criticized the registered retirement pooled savings plan that we put together but the CPP actually is a pool of funds. That is why, based on reducing risk and spreading risk, it has been able to perform better. The fact is that the CPP is invested in the marketplace.
I appreciate his support but the NDP could use a little financial literacy.