Okay.
Minister, today CBC is reporting that the MyMoney Loan program offered by Canada Post, in partnership with TD Bank, has been paused after being launched just last month. Concerningly, it is being reported that loans under the program were being offered at rates of up to 20%, much higher than traditional lines of credit.
Postal banking could reduce systemic inequalities in communities that lack bank branches. Many banks are pulling out of rural communities, as you know, despite the fact that they're having record profits—especially communities like the majority of those in Nunavut. I've talked to you about this, and the importance of this to my colleague from Nunavut, Ms. Idlout. However, it simply can't accomplish this goal if punitive interest rates are offered to pad the profits of a big bank.
As the minister responsible for Canada Post, can you please explain how you will ensure the program is serving communities rather than wealthy executives and shareholders, and that it delivers this absolutely critical service to remote and rural communities across Canada?