Thank you, Mr. Chair. I would like to say that we recognize the challenges that Canadians face, especially with issues like credit card rates. That's exactly why we've been working on this issue since we came into office. We came to an agreement on interchange fees that was important for consumers. Most recently, during the COVID-19 crisis, we've negotiated with the banks and encouraged them, and they have come out with reductions in their credit card fees that are significant, and deferrals for customers
Will you use your statutory powers, yes or no, to do what Vancity has done to help Canadian consumers?
As I've said, Mr. Chair, we're continuing to support consumers. We're continuing to work together with banks to make sure that they are giving the kind of support necessary to their customers, and we've seen actions in this regard, supporting customers.
Why do banks have to profit at higher interest rates on Canadian consumer and retailer exchange rates during COVID-19?