Mr. Speaker, I want to thank my colleague from Alberta for the great speech he gave. I do not know if he had the opportunity to watch any of the NDP convention this past weekend. It seemed that when they were not attacking the oil sands of Alberta, they were attacking banks. If they were not attacking jobs and trade, they were attacking banks. If they were not attacking banks, they were attacking the oil sands in Alberta.
In fact, it was written in today's The Edmonton Journal that in this new leader's world, “the oilsands are to blame for all that is wrong with Canada's economy, full stop”. Also in the new leader's policy book, in dealing with banks and bank transactions, he wrote he would “make the implementation of a financial transition tax a key priority”.
Could my colleague explain to us the ramifications this would have on the economy now, where every individual who concluded a banking transaction would now be faced with an extra service charge so that big government could become bigger, and that big bureaucracy could become bigger? How would that hurt our economy?