Mr. Speaker, Canadian businesses pay $5 billion a year just to process credit card payments. These costs are then passed on to consumers. Now, credit card companies have announced that fees are set to increase again, this time by 33%. This will have a major impact on small businesses in Canada, and it underscores how the government's toothless voluntary code of conduct has failed to reign in credit card fees.
Why do Conservatives refuse to regulate this industry, and protect consumers and small businesses?