Madam Speaker, my second petition is in support of postal banking.
Nearly two million Canadians desperately need an alternative to predatory payday lenders who charge crippling interest rates, affecting the most marginalized, poor, rural, and indigenous communities in Canada. We have 3,800 Canada Post outlets that already exist in rural areas, where there are fewer or no banks or credit unions. Canada Post has the infrastructure to make a rapid transition to include postal banking.
The petitioners are calling on the Government of Canada to enact Motion No. 166 to create a committee to study and propose a plan, so that we have postal banking under the Canada Post Corporation.