Mr. Speaker, 70,000 people in this country are out of work since last June and the number is rising every day. In addition interest rates are plummeting. The bank rate is now at a 29 year low. Despite that, millions of Canadians are paying an interest rate of almost 18% on their credit cards and they are not in a position to renegotiate that charge.
The Prime Minister is saying that people should spend some money. Will the Minister of Finance instruct the banks in Canada to get their credit card rates in line with the falling bank rate? Will he ask the banks to do their part and try to stimulate the Canadian economy?