Thank you for that.
Today our NDP colleague introduced a private member's bill that wants to completely ban bank fees for the use of ABMs. Can you tell me if there are any other fees--for chequing accounts, etc.--that we at the federal level regulate or set at the bank? Does anybody know? I didn't think so.
The example you used, Mr. Hockey, was excellent, about the milk and how the big store works. My logic would say that if we're going to say you can't charge fees for ABMs, then you can't charge fees for chequing accounts or anything else.
At the end of the day you have a responsibility to your shareholders. My shareholders are the taxpayers. I'm assuming you would try to raise revenue through higher interest rates. Would that be an accurate statement? Is that one way you might be able to recoup some of those losses? Would you then just not invest in the thousands of machines for convenience that have been created around the country?
Does anybody want to comment on that?