Mr. Speaker, my Conservative colleague likes to talk numbers. I do not want to talk about $1 million; I would rather talk about the 50¢ ATM transaction fee limit that the future NDP government will propose.
Right now, when someone withdraws money, it costs the financial institution a mere 36¢. We do not want a free market because, unfortunately, that led to abuse of the system. Over the years, that abuse has only gotten worse and fees can go as high as $2, $3 or even $6 per transaction.
Does my colleague think that a 50¢ limit on transaction fees is reasonable for consumers, yes or no? If an ATM transactions costs the banks 36¢, they would still make a small profit.