Mr. Speaker, I thank the member for the question. I do not know his dog, but I am sure the member's credit rating is quite healthy.
One of the things we did learn of in the review of the MacKay task force report was the increasing control of the credit card business of the financial services sector by foreign banks. Our big five banks have basically admitted they cannot compete in the credit card business. Virtually all organizations now have their own marquee card. This is a very large business.
Our banks are dealing with the issues. They are not going to compete in an area in which others can compete through economies of scale, can provide services and are prepared to take risks which maybe are not very commensurate with the returns but they are still prepared to do it. Who knows what happens after this. That is why we have to be more vigilant in moving to expand our financial services sector.