Mr. Chair, I want to thank all members for agreeing to take this expedited approach to ensure that we look at Bill C-9 and try get it passed quickly. The minister has spoken a lot tonight about the historic low interest rates and debt servicing charges for the Government of Canada, but the average Canadian is not getting any breaks on interest payments and the six months' deferral on mortgages is over and people are experiencing a real fear of having to go bankrupt on mortgage charges and certainly credit card rates are not going down. It was in April that the previous minister of finance negotiated with the banks to reduce.
Five out of the six big banks experienced higher than expected profits in the third quarter. Will the minister work with the banks and get them to cut their interest rates in half and help Canadians?