Mr. Chair, the small business sector is extraordinarily important because it generates more employment than any other sector.
We are working with the Canadian Federation of Independent Business to look at these important issues. We have made regulations on credit agreements, including lines of credit and credit cards, and these rules limit business practices that are not beneficial to consumers. They require provision of clear and timely information to Canadians about credit products.
We are working with small business to make sure that the impact on small business is appropriate with the competitive circumstances.