Mr. Speaker, I thank my hon. colleague for his question.
Indeed, we are in favour of the position so well laid out by the member for Joliette in parliamentary committee. There was also a vote here in the House, yesterday or the day before yesterday, if memory serves. We all voted together here against this measure, except for the Liberal government.
History has its lessons, and history tells us that in 2012 the Conservative government proposed and passed a law to oversee all banking institutions, and there was a court challenge. In 2014 the Supreme Court ruled that, on the specific issue of Quebec’s Consumer Protection Act, the federal statute did not apply. Consequently the government had to rework its method and approach, as the current government is doing with Bill C-29. However, after hearing expert witnesses in parliamentary committee, we were not convinced.
The National Assembly has passed a unanimous motion, with the following outcome: if this bill is unfortunately passed tomorrow morning, it will be challenged in court, and we will be paying a lot of lawyers’ fees. The only winners in this story will be lawyers, not Canadians.