Mr. Speaker, my question is for the Minister of Finance. The Royal Bank has announced that there will be a hike in service charges on July 1. This comes at a time when the banks are making billions of dollars in profits. Meanwhile the National Council of Welfare has stated that banks could easily provide Canadians with a minimum 16 basic charges a month for a fee of $2.
In light of that, will the minister send a message today to bankers to tell them that financial services legislation will be introduced in the House next month and that the legislation includes a guaranteed access for all Canadians to a low cost, no frill account that is available to everyone in the country.