Mr. Speaker, the member talked about the unemployment rate in his community.
As the consumer protection advocate for our party, people across the country have contacted me with their concerns about credit cards. One thing I have heard loud and clear is the fact that unemployed individuals use their credit cards, as I would say taking from Peter to give to Paul, while they wait for EI or for something else so they can ensure they put food on their table.
Could my colleague explain to me the impact this has on his constituents who need to use credit cards? What financial implication does this have on their families when the interest rates are skyrocketing?