It is crucial for any country that these markets function well, especially the markets for its government debt, and initiatives led by the private sector to increase transparency appear to be headed in the right direction for improving efficiency in this area. Conclusion Ladies and gentlemen, allow me to conclude.
In my speech two years ago, I spoke about how Canada was once a world leader in terms of supporting efficiency. I talked about the 1964 Porter Commission, which came out strongly in favour of greater competition, freer markets, and effective regulation that served to enhance efficiency.