Madam Chair, with regard to Bill C-29 and added help with credit, we have consulted with some stakeholders and we basically support the bill.
The Credit Union Central's only request is “to have the government confirm that it intends to retain current practices under the FIMCLA program in relation to the definition of the prime rate for purposes of the program. Currently, the prime rate for purposes is understood to be the prime set by financial institutions themselves. Credit unions wish to see this current practice continue”.
Does the minister have a comment on this?