Mr. Speaker, my question is for the Minister of Finance.
Today it was the turn of the Bank of Montreal to reveal record profits of $1.3 billion. Meanwhile bank services charges have skyrocketed by 25% or more in the last three years and inflation sits at 1.5%.
Enough is enough. Healthy profits are fine but gouging the consumer is not fine.
In light of that, will the minister now screw up his courage and call for a parliamentary inquiry into bank service charges so the banks have to come before parliament and fully disclose and justify their charges to consumers?