Mr. Speaker, an Industry Canada report that came out last September stated that interest rates charged credit card holders are still too high, given the fall in the Bank of Canada rate. The Minister of Industry himself said at that time, and I quote: "The president of the Bankers' Association does not perhaps understand that consumers are fed up".
How can the Minister of Industry take the completely unacceptable approach of doing nothing, while interest rates are dropping everywhere but on credit cards? Why does the minister not join the coalition of 150 MPs who are trying to improve the situation for the average member of the public?