Madam Chair, we have been in close contact with the banks to coordinate a response to COVID-19. They have committed to working with Canadians to find solutions, including up to a six-month mortgage deferral and a reduction in credit card rates for impacted customers.
The Minister of Finance will continue to engage with the banks. Our goal is to make sure the banks and Canadians have the flexibility needed to get through this time. We have seen leadership from the banks. We need to see more, but we are working with them to get that.