Mr. Speaker, I would like to thank the hon. member for his speech and for bringing up a very important point. What we are seeing in many northern and rural communities, like mine of Sudbury, a city of approximately 170,000 people, which is not small, is that the banks are shutting down branches and laying off all of the tellers. For people who relied on going to their community banks, that has now disappeared.
What has been put in place are the ATMs. These ATM fees are actually having a significant impact on savings. If we look at the average cost of what Canadians are spending on accessing their own money through their own bank, it is approximately $500 to $1,000 per year.
When banks start closing branches, like they are doing in my colleague's riding, they cannot just put in an ATM and say it is the same service. I would like to hear my hon. colleague's comments related to that, how it is actually less service but more cost.