Mr. Speaker, this is indeed an issue that affects consumers and small businesses.
Right now, many small businesses are just snowed under by a preponderance of transaction fees when customers use credit cards or debit cards. We have long been calling for a cap on these fees. This would make a big difference for small businesses.
When we talk about small businesses, I think it is important that we qualify what some of these small businesses are. Many of these businesses, including the one that I referred to earlier in my speech, are operating on micro-thin profits. These fees sometimes make the difference between whether they go into the red or stay in the black from month to month.