Some of these payday lenders provide short-term loans, but they also provide a service so that people can send money or transfer money to their families—with fees—and we think Canada Post could provide that at a lower fee and still make a profit at it. There are post offices all over the rural areas everywhere, so it would be very easy to set up a bank for people to have access to in order to send money and get short-term loans.
On September 27th, 2016. See this statement in context.