Mr. Speaker, I would first like to thank my hon. colleague for his important question.
As my colleague is well aware, Canada's credit card market is complex. Over the next few months, we plan to observe the results of the voluntary agreement that has been introduced. We are already seeing that the voluntary agreement with merchants in this country that accept credit card payments has reduced fees by 10%. We are monitoring the situation very closely. I want to assure the House that Canadian consumers are our top priority.