Mr. Chair, in the past--and again I refer to the fact of your long stay here and I wish you many more years--it was the gasoline pricing. They talked about capping the gasoline prices. We all remember that. Over the years we have had those debates. Of course it is a provincial jurisdiction and there were provinces in Canada that tried to regulate gas pricing. We all know what happened. The prices skyrocketed. Other provinces chose not to go that way.
If we apply the same principle to this industry to regulate it, I believe we are going to have the same outcome. The key here, in response to the parliamentary secretary, is to give people choices, to say that here is a credit card with all the bells and whistles and here is a credit card that offers nothing but maybe a minimal charge, because of course for every service provided there is a charge.
In this case I am responding to the parliamentary secretary by saying that in my view the answer is to provide choices for people. The first choice is if they want to use these credit cards. The second choice is in the types of charges that they are going to be charged on the debt they carry. And if we leave it at that, then I truly believe we live in a democratic society.