Mr. Speaker, this is exactly what we should be talking about in the House of Commons, which is ways to help save our constituents money. This is a great idea.
I am really proud of the fact that recently our government cut Visa and Mastercard transaction fees by 26% for small businesses. That is money small businesses can reinvest back into their communities or businesses. They can sponsor a soccer team. They can even hire a staff member, in many cases.
When I send an e-transfer, I know there is no cost to me, but there are hidden charges. Our government committed in budget 2024 to eliminate all junk fees at banks, and I wonder if that would apply. I would note that the member did not mentioned Venmo, and perhaps there is a reason for that. Venmo is very popular in the United States, but we cannot use it in Canada. I wonder if there was a reason for omitting it today.