Mr.Chair, we are always looking for ways to reduce costs for consumers. We have worked with the big banks and the financial industry to ensure that people who need it have access to the help they need. We're reassessing how we can lower costs for consumers. Right now, we're sending money to consumers across the country who need it to get through this crisis. That's what we'll continue to focus on.
Mr.Chair, the question doesn't concern consumers, but merchants. A credit card company, such as Visa and Mastercard, that charges a fee of 2.5%to3% per transaction undermines the merchant's profit margin and gets richer at the expense of consumers. I invite the Prime Minister to follow the example of Europe and Australia by capping these fees at0.3%.
Mr.Chair, we continue to work with financial institutions and the big banks to help consumers during this exceptional and difficult situation. Of course, there are some things we can look at over the longer term as well.
We'll now go to Ms. Kwan.