Mr. Speaker, the sky has not fallen in the other countries where they have got rid of ATM fees.
However, the critical part here is that we have a banking industry that is sound, that is making almost $30 billion in profit. Yet, I have colleagues across the way who do not find it in their hearts to change these fees, or who are speaking against a motion that would actually give the banks more money than the actual transaction costs at an ATM. They would rather support banks' gouging Canadians up to 30%-plus in the way of fees. That is just wrong. It is time to put consumers first, and the NDP will and always has done.