Mr. Speaker, the member for Winnipeg North raises exactly the point. Consumers, especially in the lower-income groups, have very good uses for that money, much better uses than increasing bank profits.
However, there is one thing we tend to miss when we talk about this transition to a cashless society. I just looked at a study this morning. It showed that this was increasingly true for those in the top third of the income ranks, people who tend to pay everything electronically online. However, for those in the bottom third of income ranks, close to two-thirds of people do not actually pay things electronically. This includes a lot of seniors and other low-income people.
When we talk about a cashless society, we have to be careful that we are not only talking about the privileged sectors of our society, which have the luxury of Internet connections and the ability to do all their banking online.