Mr. Speaker, my question is for the Minister of Finance.
Yesterday an American court ruled that Visa and MasterCard owed their cardholders some $800 million U.S. for hiding surcharges on foreign exchange transactions. We have checked and the same hidden surcharges gouge Canadian cardholders too. The surcharge is usually between 1.5% and 1.8%.
I believe it is time the Liberals stood up to these credit card companies against their hidden charges. Will the minister today stand and say that what these companies are doing is wrong, and tell us what he will do about it?