Madam Speaker, competition is for oil companies too. Funny how the price of gas never goes down, only up.
Regulation is not always a cure-all, but it is the right solution in this case because the players are not trustworthy. If they were, we might be inclined to let them self-regulate, but they have shown that that was not good enough, particularly when they refused to answer questions from the Competition Bureau.
I think that the proposed legislation seeks to restore consumer confidence in the bureau's services. I do not believe that there will be a loss of efficiency. I think that we will see increased efficiency, because the players will have no other choice.