Thank you for that excellent question, Mr. Mulcair. Last year, we did some extensive research on certain business practices of institutions that issue credit cards. A number of these current practices need to be re-examined and regulated. We believe a policy must be adopted to impose a ceiling on interest rates. The Bank of Canada's prime rate must be taken into consideration, because right now, that's not the case. However, this isn't the only action that needs to be taken. A series of measures are need to regulate the system.
On September 17th, 2009. See this statement in context.