Thank you, Mr. Chair.
I appreciate that we have a few hours of committee business today.
I do want to bring forward another area that I think this committee should prioritize. I have touched base with all the parties on this, and there seems to be some broad agreement that they are amenable to reviewing this issue.
I'll move the motion and then just speak briefly about it.
I move:
That, pursuant to Standing Order 108(2), the Standing Committee on Industry and Technology undertake a study on financial fraud and scams in Canada, recognizing that this is a significant and growing threat to consumers and the economy, to identify best practices for prevention to strengthen Canada's anti-fraud framework; that the study examine:
the role of banks, telecommunication companies and digital platforms in preventing scams and protecting consumers;
the responsibilities of Innovation, Science and Economic Development Canada, the Canadian Radio-television and Telecommunications Commission and the Canadian Anti-Fraud Centre, as well as other federal departments and agencies in enforcement, regulation and public awareness;
the adequacy of consumer protection laws, law enforcement capacity and inter-agency coordination;
the impact of emerging technologies, including artificial intelligence, in enabling and combatting fraud;
best practices from other jurisdictions, such as Australia, for improving prevention and enforcement measures;
and the broad economic and social consequences for Canadians;
that the committee invite the Minister of Industry to appear for no less than one hour on the study, as well as witnesses from relevant departments and agencies, industry representatives and experts; that the committee hold no fewer than four meetings on the study; and that the committee report its findings and recommendations to the House.
I would say, colleagues, that I think we've all received the constituent complaints and calls about very prevalent scams via voice calls, texts, emails and social media messages, and we've probably received these scam calls and messages ourselves as well. It's a growing area of concern, and we have, in particular, a lot of seniors who are being scammed out of tens of thousands of dollars. Canada has taken some steps, but we're seeing other jurisdictions, like Australia.... In fact, Australia is the only jurisdiction in the world, to my knowledge, that has taken action and seen a direct decrease in the number of scam frauds going on.
I do believe that this is firmly within the industry committee's mandate to review. I certainly believe that it would be in all Canadians' interest for Canada to improve its prevention mechanisms in this regard. I believe we'll probably touch on it in the AI study as well, but with greater technology advances, this is likely to be an ever-increasing issue. I would ask for all of the committee's support.
In terms of priority, we have our Bloc, Liberal and Conservative studies that we'll be prioritizing—one, two and three—but I would ask that, rather than commit to a timeline where this has to be after those, we commit as a committee, publicly in this forum, to look into this and that it will be an area of focus at some point in the coming months.
We have about 10 months left before June, so there is plenty of time, but I do think it sends a message to all of these actors—who, of course, pay attention to the industry committee—that this committee will be taking it seriously and that we welcome their efforts, before this committee starts, to take even more efforts to prevent fraud, so that when and if they do appear at this committee, they have more to tell us of the progress they are making.
I simply ask that we pass this motion and agree to prioritize it at some point later on.