Mr. Speaker, the troubling economic times are leading to harsh choices for everyday consumers. In most of Canada, consumer confidence is dropping.
However, just in time for the holiday season, credit cardholders will get hit with a punishing 5% interest rate hike. In these hard times, consumers need a helping hand up, not a slap in the face from the banks.
Does the finance minister think this latest attempt to gouge average consumers is acceptable? If not, what is he prepared to do about it?