Mr. Speaker, it is time to do more. It is time for a real party in Ottawa, the NDP, as I mentioned, to lower bank fees. My Conservative colleague said that the Conservatives were proud of having adopted a voluntary code of conduct. It is as though they moved a motion for peace but did not offer any resources to implement it. A voluntary code of conduct is ridiculous. It has no teeth and there is no way to guarantee that it will be honoured. This is the case with a number of measures that the Conservatives have put forward.
I am the official opposition's consumer protection and SME critic. Do my colleagues know how much credit card transaction fees cost Canadian businesses every year? I asked the Minister of Finance that question. It costs them $6 billion. That is far too much. Our SMEs are overburdened by bank fees, as are poor Canadian consumers. Now is the time for us to cap these fees, and we must take action now.