Mr. Speaker, I want to congratulate and thank the hon. member for Chambly—Borduas for his excellent speech. Financial literacy is not easy to explain. His concrete examples and the excellent work he did in his riding allowed him to explain to us in detail the importance of this bill.
I have a background in education. It is indeed very important to educate and inform people and to ensure that information is distributed, present and available to them so that they can make better decisions, whether we are talking about seniors or young people, as my colleague rightly said. As far as young people are concerned, this is important in terms of their retirement and the fact that they have a higher debt load because of their maxed-out credit cards that charge exorbitant fees, for example.
The hon. member also mentioned the excellent work done by the committee. This work is not always easy. For example, in the case of Bill C-45, we should have had independent studies in various committees of the profound changes being made to various laws, instead of depending on the power of the Standing Committee on Finance.
I want to congratulate my colleague and ask him the following question. Does he think the bill will help improve Canadians' financial knowledge?