Mr. Speaker, it is a very good point that my colleague makes. What happens to money laundered in Panama when there are many corporations that have registered in Panama to take advantage of a situation where money can be cheap? When money has to be laundered, there is an opportunity for other companies to pick it up. The more relationships we set up with Panama, the more we legitimize the work that is going on between our corporations in Panama and Canadians. The more we say that the free flow of money between Canada and Panama is going to be unhindered, the more we are saying we support this process. That is the reality of it and it really does not matter what the Conservatives say: reality is reality.
In the House of Commons on March 2nd, 2012. See this statement in context.