I will address my answer through you, Mr. Speaker, and hopefully we can set an example moving forward.
The question relates again to the specific ATMs that are owned by John Smith or Mary Smith who has a convenience store. That is provincial regulation. I am hoping that what we can do today, to answer through you, Mr. Speaker, my hon. member's question, is to lead by example. We have an opportunity to ensure that our banks do not continue to gouge Canadians. When there are record profits of $29.4 billion going to the banks, it is being done on the backs of hard-working Canadian families.
The one thing we are saying very clearly is that we understand that the banks need to make a profit, that the banks need to recoup their costs, that the banks need to make money to service this network. That is being addressed by folks in the United States. Senator Durbin in the U.S. prepared a great report, 36¢ per transaction. We should talk to stakeholders here in Canada. If we are similar, we should be able to have it capped at 50¢ per transaction, which would still allow the banks to do what they need to do and keep more money in the pockets of Canadian consumers so they can invest in their families and communities.