Mr. Speaker, I would like to mention to the hon. member that every one of the large Canadian banks has a low interest rate credit card which is available to consumers. Indeed, I might also mention that in the past few days two of the major banks have lowered their interest rates on their low interest rate cards and they are below 10 per cent.
As far as the other issue of bank profits is concerned, we make sure that the banks pay considerable taxes to the federal government. I might add that a conference board study a few years back indicated that the banks paid taxes to federal, provincial and municipal governments amounting to $6 billion annually. This year, with higher profits, they will pay more taxes to the federal government.