Madam Speaker, I thank my colleague for his work in the tourism industry.
One of the concerns that I have raised is with the credit card companies, especially when small operators are paying exorbitant fees and service charges. We have seen in COVID-19 much of the industry having to resort to Interac. Credit card fees are often the highest in the world. In fact, in Australia there is regulation for those fees. We have upwards of 28%, ordinary cards are at 19%. There are good operators, co-operatives like Vancity, that actually went down to 0%.
What does my colleague think about the fact that during the pandemic, credit card agencies have actually made record profits and windfalls off the backs of a lot of small businesses and operators? Should that not be looked at?