Mr. Speaker, perhaps I could lay a few facts before the House.
I am sure the hon. member would welcome, as his leader already has, reasonable profits for the banks. This is for two reasons. First, profits mean that investors including pensioners benefit. Second, increased profits mean vast increases in revenues from taxes on these profits for Canadians. Last year the banks paid $4.9 billion in federal, provincial and municipal levies.
If the member is concerned that their profits are too high perhaps he should realize—