Mr. Speaker, the London Stock Exchange's potential acquisition of the Toronto Stock Exchange will mean that the new stock exchange will operate in many countries and territories. This new entity will be accountable to several regulatory authorities. Thus, the Conservatives' desire to eliminate the Autorité des marchés financiers du Québec no longer makes any sense. The financial community is accustomed to dealing with multiple jurisdictions.
Does the Minister of Finance realize that this plan for a new stock exchange calls into question the relevance and pertinence of his Canada-wide commission?