Mr. Speaker, in Quebec, consumers whose credit card is stolen are liable for, at most, $50. That is the law.
At the federal level, the credit card issuer can stipulate liability in the contract. If Bill C-29 passes, banks will have free rein to demand that clients pay back every penny spent by a credit card thief.
Does the minister of high finance see the difference between being protected by the law and being at the mercy of the banks?