Mr. Speaker, I listened closely to my colleague's remarks, and I must admit that I am very concerned, as are all my colleagues here, about foreign acquisitions by our financial institutions.
These acquisitions are currently subject to the approval of the Office of the Superintendent of Financial Institutions, but under this bill, they would instead be subject to ministerial approval. Let us be clear. When we look at the work done by ministers in this cabinet, there are no two ways about it: there are a lot of double standards.
How can my colleague justify taking this responsibility away from a neutral stakeholder and handing it over to another stakeholder who may not be impartial?