Mr. Speaker, I would advise the Chair that I will be splitting my time on this bill, which is a bill to establish a financial literacy leader so-called, which is one of 30 recommendations of a task force on financial literacy. It is rather unfortunate that only 1 of the 30 recommendations were followed because this is really just a very minor or modest first step in what is required.
The problem of course is that many financial literacy programs often devolve into simply admonitions for individuals to save more money, which is an impossible situation for many people. In fact, most people going into retirement, for example, 30% have nothing more than CPP for their retirement plans. We have the Minister of Human Resources and Skills Development suggesting that people should save more for an extra two years for retirement. It is totally inadequate.
I see I have only a short time to give this speech and I would encourage my colleagues to ask some questions and make some comments to allow me to speak a little more.