Mr. Speaker, I would like to thank the hon. colleague for his comments around these fees. I wanted to clarify that a pay-to-pay fee is a fee one has to pay to pay a bill. That is what a pay-to-pay fee is. It does not matter whether it is a bill that comes in the mail or one that the banks charge. This is what RBC was charging but backed down due to pressure from consumers and the NDP.
The hon. colleague seems to be concerned about ensuring that the banks have the ability to charge fees for things. I wanted to get his opinion about this. Today, RBC announced that it was charging a new $5 fee for its high-interest savings account. Every time customers go over one transaction they will have to pay $5 to put money into their savings account. The member was talking about how important it was for banks to charge transaction fees. Is he in favour of this fee?