Thank you, Mr. Chair.
I would encourage you not to answer it while I ask my questions.
I have just a couple of quick questions. I'm sorry I came late. Some of this may have been addressed during some of your presentations, but since we have all the banks here, I have a general question. I guess I'll pick on one or two of you.
What would happen if this committee was able to convince the government to start regulating these bank fees and not allow the ability to charge Interac fees? What would happen? How would you reconfigure your cost system? Would that mean that other services would cost more money?
I think it's a fair question, because there are certain costs that you now have for those Interac machines. I think that's what we've heard. So you'd have to disperse or spread out the cost somewhere else, I would imagine, by charging for other services. Or does it mean that you would take a hit on the bottom line? I think it's a fair question. I think it's a black and white type of question.
I'll ask Mr. Hodgson; you're nodding your head. Mr. Hockey, I see you also nodding your head.