Madam Speaker, I agree entirely with my colleague from the Bloc Québécois. Changes must be brought forward in order to restrict banking practices that take money out of the hands of ordinary Canadians. This is crucial.
The banks say they are not limiting access to credit and that they allow young people to access credit, even when they are carrying $25,000 or $30,000 in debt. But they offer it at an appalling interest rate. For young people who merely want to survive, sometimes a credit card is their only access to credit.
The banks earn profits from both sides. On one hand, the lowest interest rates are for the wealthiest people, like the Conservative members. For those people, interest rates are not a problem, because they have a preferred interest rate. Interest rates for ordinary people are higher, even though they have less money.
The scandalous part is that the Conservative Party, the Conservative members and the Conservative government are doing absolutely nothing to correct this appalling state of affairs.