Madam Speaker, the government is assessing the marketplace, taking into consideration the impact of Visa's and MasterCard's separate and voluntary fee reductions, the adoption of a code of conduct for the credit card and debit card industry in Canada, the financial sector framework objectives of competition and utility, as well as approaches in other jurisdictions.
The government's continued oversight of the financial services sector aims to ensure that it remains stable and competitive, and that it meets the needs of consumers and businesses in a way that supports our belief that when you have an economy that works for the middle class, you have a country that works for everyone.