Mr. Speaker, I thank the hon. member for his remarks.
In our respective provinces, companies clearly sell furniture by saying there will be no interest for one year. However, something else is going on. It is very easy for businesses to increase the price of something and then give us the impression that they are giving us some kind of discount.
That being said, it is not that we are opposed to an interest rate limit at the outer edges of what working people can afford when they have to deal with payday lenders. What we oppose is the federal government administering this program. In our view, this is a provincial jurisdiction. Quebec is already handling it very well, together with the Office de la protection du consommateur.
Our position is always the same. The government that is closest to the people is the one that is best able to understand the situation, set standards, and exercise its constitutional jurisdiction.