Mr. Speaker, I know that the member made a couple of points, including a couple I took issue with, not the least of which were his comments on corporate taxes and corporate tax rates. Of course, railways, CP and CN, are among the most heavily invested in by funds that are seeking solid, stable investments, such as OMERS pension fund and the Ontario teachers' pension fund and Canada pension plan and, of course, a wide range of private sector pension funds that look after members like the Canadian Auto Workers and so forth.
When the government takes less from those companies, it actually builds up their investments and pension portfolios, which is important, because we all have a stake in that, each and every Canadian in this country. Therefore, it is important that we do that.
He also mentioned that the bill would not get into rates. One of the reasons the bill does not get into rates is that the sector is already regulated in that regard. The industry actually has North American standards with respect to freight rates. These are put onto charts and railways actually work off those charts, and rates can be determined very easily as a result.
It is important that we have that because what we really have in many cases is a virtual monopoly. However, it is competitive from the standpoint that it is regulated and the government already looks at standardized rates for all North American railways.
One of the things that is really important to recognize, which I think the member does have an interest in, is that when we are looking at new development and how we are going to encourage investment in, for example, plan nord in Quebec or the Ring of Fire in Ontario or all of the natural resource wealth that extends into the territory the member represents, how are we going to ensure that these companies are prepared to make the investments, and the service requirements are met by these companies in those areas so that we can in fact explore these resources for the benefit of all Canadians?