Mr. Speaker, the second petition is from Canadians in support of postal banking.
Nearly two million Canadians desperately need an alternative to payday lenders, whose crippling lending rates affect poor, marginalized, rural, and indigenous communities most. There are 3,800 Canada Post outlets already in rural areas, where there are few or no banks or credit unions.
Canada Post has the infrastructure and the ability to make rapid transactions, including postal banking. Therefore, the petitioners are asking the government to enact my Motion No. 166 to create a committee to study and propose a plan for postal banking under the Canada Post Corporation.