Madam Speaker, I thank my colleague, with whom it is my pleasure to sit on the Standing Committee on Finance.
I would like to go back to the question of consumer protection and the Bank Act. I will refute virtually the entirety of the interpretation made by my colleague. He says that this is the Liberal government’s response to the Marcotte ruling, but that is rather ironic, because if the complaint that led to the Marcotte ruling had been filed under the process proposed by these changes, there would have been no Marcotte ruling, because there would have been no possibility of bringing this sort of class action. That is clear, according to the opinion of most legal experts.
In an article in Le Soleil, a commentary by Brigitte Breton clearly demonstrates that consumers will be the losers in this change. I cannot understand how my colleague can claim that consumers will be better served, particularly since consumer protection is a provincial jurisdiction.
Can he resolve this paradox for me?