Mr. Speaker, one thing my colleague opposite and I share is that we are concerned about Canadian consumers and their ability to get jobs and we are concerned about creating economic growth. I would hope that we are concerned about that.
When a company makes a profit or, let us say, people make extra money in their households and have that money in their bank accounts—let us call it liquidity, being liquid—that allows people to be flexible in times of economic change. When it happens with companies, it allows them to retain jobs and make different investments. When we make profit and have liquidity, it means we have stronger economic resiliency in times of economic downturn.
Given that this is a basic economic principle—and I hope my colleague will not use the kind of rhetoric that he used in his speech to answer this question—what level of liquidity does he think it is appropriate for banks to have? What is the level of profit that we should regulate to? He brought it up. He insinuated that somehow what we are talking about today is the level of profit that a going concern should make. I am curious if he could argue what he and his party really think in terms of the appropriateness of going concerns being able to be economically resilient in times of downturn.