Mr. Speaker, with all the private ATMs around now, and the exorbitant fees they charge, consumers often have no choice but to pay up to $4.50 per transaction.
For low income people, whose transactions are generally for small amounts, these charges can amount to more than 20% of the amount they withdraw, an exorbitant rate.
Does the Minister of Industry intend to bring in legislation requiring financial institutions to provide this service and to eliminate the unacceptably high charges involved? Will he bring the banks back to their senses?