 listed a whole series of measures the federal government has adopted to help Montreal and Quebec, of which the announcement about Bombardier is but one example. In the private sector, the pharmaceutical and aeronautical industries do more research and development in Quebec than elsewhere because of the federal government's support for R and D.

As far as the securities commission is concerned, the federal government's position is very clear: if the other provinces want to, we are ready to co-operate with them. It is up to them. In fact, all those who favour this option do so because they want to protect Quebec's financial industry, because they are very much aware that Montreal is not in competition with Toronto, but with New York, London and Frankfurt. That is what we will protect.

Mr. Speaker, it is arguments like those raised by the minister, which border on recklessness, that have crippled Montreal's economy and continue to do so.

We have no answer regarding the pharmaceutical projects, as the Minister of Finance was hiding behind the curtains when this matter was raised. Again today when we asked about the securities commission, we received no answer from the Prime Minister or even the Minister of Finance.

I put the question again to the Prime Minister. Will he promise in this House to mind his own business and not put in place a Canada-wide securities commission that will further weaken Montreal?

Mr. Speaker, the hon. member is asking us to oppose the will of other provinces that want to protect Canada's financial industry. They are telling all the industries in Quebec that want to issue shares in Canada they will not be able to do so in the future because everything will be moved to New York.

They are saying that the people of Montreal and Quebec cannot compete with other countries, and I say to you that I am a proud Montrealer, that I am not afraid of anyone, that it is the hon. member who is afraid and he should admit it.

Mr. Speaker, the government claims to be interested in helping the 1.4 million jobless Canadians yet it refuses to set targets for reducing that number.

The government professes to be concerned about the overburdened Canadian taxpayer and yet it refuses to set targets for tax relief. The best way to create jobs in this country is to balance the budget and to lower taxes.

The finance minister says he is interested in setting measurable targets. What are the minister's targets for providing tax relief to overtax
listed a whole series of measures the union politics has adopt to help Montreal and Quebec, of which the announcement about Bombardier is but one example. In the secret sector, the pharmaceutical and aeronautical industries do more inquiry and development in Quebec than elsewhere because of the federal government's documentation for R and D. 

 As far as the securities mission is concerned, the federal politics's position is very clear: if the other provinces want to, we are ready to co - operate with them. It is up to them. In fact, all those who favor this option do so because they desire to protect Quebec's financial industry, because they are very a lot aware that Montreal is not in rival with Toronto, but with New York, London and Frankfurt. That is what we will protect. 

 Mr. Speaker, it is arguments like those raise by the minister, which border on recklessness, that have crippled Montreal's economy and stay to do so. 

 We have no answer regarding the pharmaceutical projects, as the Minister of Finance was hiding behind the curtains when this matter was raised. Again today when we asked about the securities commission, we received no answer from the Prime Minister or even the Minister of Finance. 

 I put the question again to the Prime Minister. Will he promise in this House to take care his own business and not put in space a Canada - broad securities commission that will further dampen Montreal? 

 Mr. Speaker, the hon. member is asking us to oppose the will of early provinces that want to protect Canada's financial industry. They are telling all the industries in Quebec that want to issue shares in Canada they will not be able to do so in the future because everything will be moved to New York. 

 They are say that the citizenry of Montreal and Quebec cannot compete with other countries, and I say to you that I am a proud Montrealer, that I am not afraid of anyone, that it is the hon. member who is afraid and he should accept it. 

 Mr. Speaker, the government claims to be interested in help the 1.4 million jobless Canadians yet it refuses to set targets for repress that phone number. 

 The government professes to be refer about the overburdened Canadian taxpayer and so far it refuses to adjust targets for tax easing. The best way to create jobs in this country is to poise the budget and to lower taxes. 

 The finance minister say he is interested in setting measurable targets. What are the minister's targets for supply tax relief to overtax
 lidted a whole series of mtasures the federco govecnment gas adopged to help Montreal and Queuec, if whuch the announcement acout Bombwrdier iw buu one example. In vge private sedbor, tke pharmaceuticak and aerotautical indusdrked do more research and development yn Quebrc than elsewherg becstse kf the federal government's support for R end D.

As far as yhe securities commission ls clncerned, the federwl governmebt's [isition is vdry clear: py the other provinces want to, we are ready to cp-operate wuty tjgm. It is up vo thei. In fact, all those fho favpur this optiok do vo vecause they want to 'rotect Quebec's finagcial indgscry, because they are ceey muwh afare rhag Mknvrezl is jot in competjtion with Roronto, but with Nee Rirk, London ans Franhftrt. That is what we will protect.

Mr. Speaner, it is arguments like tyose raised by the mijister, whych border on recklessness, that have crippled Mondreal'a ecinjot wnd continue to do so.

We have no answer regardyhg tme pharmaceuticaj projects, ss tng Minister of Winancz wzs hiding behind tje curtwins qhen this matyer was raised. Again today qhen we askeb avout the securitied commissiou, we rgceivec no answer from the Prnme Mihister or egen the Mjvister of Financd.

I iut dhe quesukon again to the [rime Minmster. Will hd prpmise yn this Hokse to mind his own busijess cnd nmt put in olace a Canada-wide securities commission that whll further weakcn Montreal?

Mr. S[eaker, the hon. member is arking us tk opposx the will os other provitfes that wanv to protqct Xanaea's finxvcial industry. They are telling aol the industries ln Qugbsc that want to iswue shares in Csnaaa ehvy xill gmt be able tm do so on thd futurt bccajse rverything will be mmved to New York.

They ate saying jhat the [eople of Monyreal and Quebec cwnnot coopete wijh other countries, and I say to you that I wm a proud Mjntrcalet, that I am not afraid of anyone, that it is the hoi. member who is afraid qnd he should admit lt.

Mr. Speaker, the dovernmend claims to be interwsted in helping uhe 1.4 million jobless Cahadianv yet it refuses to set targets for reducing that number.

The government professws to ue concerned zbouy the oreryurdeneq Caiavian taxpayer and yet it refuses to set targets hor tax renizf. The best way to create jobx kn this countty is to balance the budgef and to lower taxes.

The finance ministet says he is interested ln settint meaaurablv tergets. What are the kinistzr's taegets fir pvoviding tax rdlirf to overtwx
listed a whole series of measures the has to help and Quebec, of is one example. In private sector, the and aeronautical industries do more research development in Quebec than elsewhere because of the federal government's support for R D. As far as the securities commission is concerned, the federal government's position very if other want to, we are ready to co-operate with them. It is up to them. In fact, those who favour this option do so because want to protect Quebec's industry, because they are very aware Montreal is in with but with New London and Frankfurt. That is what we will protect. Mr. Speaker, it is arguments like those raised the minister, on recklessness, have Montreal's and continue to We have no answer regarding the the Minister of Finance was hiding behind the when this was raised. Again today when we about the securities commission, we received no answer the Prime Minister or even the Minister of Finance. I put the question again to Minister. Will he promise this House to his business not in place Canada-wide securities commission that will further weaken Montreal? Mr. Speaker, the member is asking us to oppose the will of other want protect Canada's financial They are telling all industries Quebec that want to in they able do in the future because will be moved to New They are saying that Quebec cannot compete with other countries, and I to you that I am a proud that I am not afraid of anyone, that it is the hon. who is he should admit it. Mr. Speaker, the government to be interested in the 1.4 million jobless Canadians yet it refuses to targets reducing that The government professes be concerned about overburdened Canadian taxpayer it refuses set for best way to create jobs in country to balance the budget and lower finance minister says he is interested in setting measurable targets. What are the minister's targets tax relief to overtax
 listed a whole series of measuRes the fedeRal goVerNmeNt Has aDoptEd to help MontreAL and quebec, of which the announCemenT aBOut BOMbArdieR is but oNE eXAMplE. IN tHe pRiVAtE sectOr, tHe pharmAceutical aNd aErOnautical indUStRies do more ResEarch and deveLopMent in quEbeC Than eLseWhere BecausE Of the fEderal govErNMent's sUPport foR r AnD D.

As Far as the securitieS CoMMission is conceRned, thE fEDeRAL goVerNment's posiTiOn is vERy clear: IF tHE OTheR Provinces want To, we are readY To cO-operaTe WitH Them. It Is up tO tHEm. IN fact, all thoSe whO favour thIs optiON do so beCAuse theY want tO prOteCt QuEBeC's FinAnCIal INdUstRY, beCause theY aRe Very mUch aWARE That monTreaL is noT in competitioN wiTh ToROntO, but wIth NeW YorK, LOndon And FraNkfurT. THat is what we will ProtEct.

Mr. SpeaKer, It Is aRgUmentS Like thOse RaiSed by thE ministER, whIcH BORdEr on recklessness, thAt HAVe Crippled montreAL's EcONomy and cOnTinUe to DO So.

We hAve nO AnSwer regaRding tHE pHaRmaceutIcAl projEcTs, aS thE MiniSTer oF FinanCe was hidIng beHInd the curtains WHen this matter WAs RAIsED. AgaIn tOday when we aSked ABout The sECuRitIEs comMissiOn, WE rECeived no answer from tHe prime MInistEr or even the MiNister of FiNANCe.

I put thE queSTiON again to the PriMe MinIster. Will hE Promise iN this house to mInd his own BUSiness anD noT puT in PlaCE A CAnada-wide secuRITies CoMmissioN thAt will fUrtHer WeaKen moNtreal?

Mr. SPeaker, thE hOn. MeMbEr iS askiNG us to oppOsE thE wIll Of othER proviNces tHat wAnT tO ProTect CanADa'S FInanCiAl InduStrY. THey arE telLIng All the iNdustries In QUEbec ThAt Want to iSsue shares in CAnAda they wilL nOt bE able tO DO so in the Future because everything WIll be moVed To New york.

they are saYinG that tHe pEOple of montreAl and quEbeC CAnnot COMpEte WiTh other couNTRieS, and I SaY to yOu that I Am a proud Montrealer, THat i am not afraid oF anYone, THAt It iS ThE Hon. MeMBer WHO is afraid and he sHould admit It.

mR. SPeaker, the gOVerNmEnt claiMs to be iNtereSTed in heLping the 1.4 mIllion jobLeSs CaNADiaNs yet it refUses to seT targets fOR reduCInG that NumBer.

The GoVerNment ProfesSEs tO be coNcerneD aBout thE overBuRdened CaNadian taxpayer and yet it rEfuses To set TarGets for taX reLIef. the best waY to cReate jobs iN thIs cOuntrY is TO balaNce tHE bUdgET and tO lowER taxes.

The FInAncE MInIster says he IS INteResteD in SEtting MeasUrable targets. What ARe the minister's TargETS foR prOVidiNg Tax relief to oveRtaX
 listed a whole series ofmeasures t he fe der algo vern ment  has adopted t o  hel p Montreal and Quebec,  of w hi c h th e  a nnoun cementa bo u t  Bo mb ar die ri sbut o neexample . In the p riv at e sector, th e  p harmaceuti cal  and aeronau tic al ind us tri e s domor e res earcha nd dev elopmentin Quebec than el s e wh erebecause of the fe d er a l government's  suppo rt fo r R a ndD.

As far  a s the securit i es c o mmi s sion is conce rned, the f e der al gov er nme n t's po sitio ni s v ery clear:if t he otherprovin c es want to, weare re ady  to  co- o pe ra tewi t h t h em . I t  is  up to t he m.  In f act, a l l  tho sewhofavou r this option  do  sob eca use t hey w antto  prot ect Qu ebec' sfinancial indus try,  becausethe yare  v ery m u ch awa retha t Montr eal isn otin c o mp etition with Toron to , bu t with N ew Yor k ,Lo n don andFr ank furt . Thatis w h at  we will  prote c t. 
Mr. Spe ak er, it  i s a rgu ments like  those  raisedby th e  minister, whi c h border on r e ck l e ss n ess,  th at have cri pple d  Mon trea l 's  ec o nomyand c on t in u e to do so.

We hav eno ans wer r egarding thepharmaceut i c a l projec ts,a st he Minister of  Fina nce was hi d ing behi nd th e curtai ns when t h i s matter  wa s r ais ed. A ga in today when w e as ke d about  th e secur iti escom mis si on, we re ceived n oan sw er  fr om th e  Prime M in ist er  or  even the Mi niste r of  F in a nce .

I pu t  t h e  que st io n ag ain  t o the  Pri m e M inister . Will he  pr o mise  i nthis Ho use to mind h is  own busin es s a nd not p ut in pl ace a Canada-wide secur i ties co mmi ssion  tha t will fu rth er wea ken Montre al?

M r. Sp ea ker , the h o n .mem be r is askin g usto op po se t he will  of other province s  th at want to pr ote ct C a n ad a's fi n anc ia l  in d u stry. They aretelling al lt he  industrie s  in  Q uebec t hat wan t toi ssue sh ares in C anada the ywill n otbe able to  do so i n the fut u re be c au se ev ery thingwi llbe mo ved to New  York .

The yare sa yingth at the p eople of Montreal and Q uebeccanno t c ompete wi tho the r countri es,and I saytoyou  that  Ia m a p roud Mo ntr e aler,  tha t  I am not af rai d of  anyone, th a t itis th e h o n. mem berwho is afraid and he should admi t it . 
Mr . S p eake r,  the governmen t c la i m s to bein terested in  helping  t h e 1.4  milli on job less Ca n a di a ns yet  itref uses to s etta r gets fo rre d ucingthat  n umber. 

Theg over n m ent professes to  be c o n cerne d  ab out t he  overbu r dene d Canadian  taxpayer a nd yet  itrefus es to s et  targe tsfo r tax reli e f. The be st wa y to cr ea te j obs  in th is c o u ntryis t obal ance theb u dg e tan d  to  low er ta xe s.
The finan c e minist ers ays heis  in t e rested in s etting mea sur ablet a rgets. Wha t  are th e  mini ster's  targe ts forp rov id ing tax  re l i ef to ove rtax
 listed_a whole_series of measures the_federal government_has_adopted to_help_Montreal and Quebec,_of which the_announcement about Bombardier is_but one example._In_the private sector, the pharmaceutical and aeronautical industries do more research and development in_Quebec_than elsewhere_because_of_the federal government's support for_R and D.

As far as_the securities_commission is concerned, the federal government's position is_very_clear: if the_other provinces want to, we are ready to co-operate_with them. It is up to_them. In fact,_all_those_who favour this option_do so because they want to_protect Quebec's financial industry, because they_are very much aware that Montreal is_not in competition with Toronto, but_with New York, London and_Frankfurt. That_is what we will protect.

Mr._Speaker, it is_arguments like_those raised by_the minister, which border on recklessness,_that have crippled_Montreal's economy and continue to do_so.

We_have no answer_regarding_the_pharmaceutical projects,_as the Minister_of_Finance was_hiding_behind the curtains when this matter_was_raised. Again today when we asked about_the securities commission, we_received_no answer from the_Prime Minister or even the_Minister of Finance.

I put the question_again to_the Prime_Minister. Will he promise in this House to mind his own_business and not put in place_a Canada-wide securities commission_that will_further_weaken Montreal?

Mr. Speaker,_the_hon. member_is asking us to oppose the will_of other_provinces that want to protect Canada's_financial industry. They are_telling_all the industries in Quebec that_want to issue shares in Canada_they will not be able_to_do_so in the future because_everything will be moved to New_York.

They are saying_that the people of Montreal and Quebec_cannot_compete with other countries, and I_say_to you that I am a_proud_Montrealer,_that I am not afraid_of anyone, that it is the_hon. member who is afraid and he should admit_it.

Mr. Speaker, the_government claims to be interested_in_helping_the 1.4 million jobless Canadians yet it refuses to set_targets for_reducing that number.

The_government professes to be concerned about the overburdened Canadian taxpayer_and yet it refuses to set targets_for tax relief. The best way to create jobs in this_country is to balance the budget and to_lower taxes.

The finance minister says he is_interested in setting measurable_targets._What are the minister's targets for providing_tax_relief_to_overtax