Mr. Speaker, my question is directed to the Minister of Industry.
We have learned that a record number of people in Canada and in Quebec are experiencing financial difficulties and are being forced to dip into their registered retirement savings plans. At the same time, banks and major department stores are charging exorbitant interest rates on their credit cards and the government is refusing to assume its responsibilities with respect to this issue of public concern.
Does the Minister of Industry realize that the low interest rate cards being touted by the secretary of state the day before yesterday are available only to clients who are well off financially, and that it is those in the middle class who are paying for others through the elevated rates still in effect on regular cards?