The third is the Central Depository System Bill, which ensures certainty and safety of title to equities and government debt instruments – it should foster the development of the stock market. And finally, the Anti-Money Laundering Bill, which will protect the integrity of the financial system. I have dwelled on the policy commitment to financial stability and efficient domestic capital markets for good reasons.
These elements improve the competitiveness of Canadian firms and position them well to go head-to-head with U.S. and global parts-sector firms. They also help Canada to gain a foothold in global supply chains. The recovery of auto sales in the United States is clearly under way – the first essential ingredient.