Mr. Speaker, I would like to ask my colleague a question about securities.
The Supreme Court ruled that creating a national securities regulator would infringe on provincial jurisdiction. Therefore, according to the Constitution, securities regulation falls to the provinces.
Why is the government choosing to go against the Supreme Court decision? Why does the budget include measures to continue working towards a national securities regulator when the government knows that the provinces are opposed to the idea and have jurisdiction over securities regulation? Why does this government not respect provincial jurisdictions?