Mr. Chair, as I said, the government does not generally regulate fees, but there is an array of choices, over 100 different types of bank accounts, with a mix of features and fees, from 40 different providers.
In fact, almost one-third of Canadians currently pay no monthly banking fees for their bank accounts. Last year, as I said, we were pleased to announce that Canada's eight largest banks were publicly committed to enhancing low-cost bank accounts. The monthly fee for these accounts is $4.