Madam Speaker, I listened intently to the 10-minute speech by the parliamentary secretary about the issue we are debating here, which is Interac fees and, in particular, the anti-competitive nature of what is going on with e-transfer fees, and I did not hear a single line about it. There was one line at the beginning of his speech that claimed a tangential element, merchant fees, and that the Minister of Finance claimed they were going to reduce the fees that credit card companies charge merchants.
However, one of the big companies that has a 20% market share and charges these merchant fees is a company called Stripe, which has refused to do this. Mark Carney sits on the board of that company. He is on the board of the company that is refusing the voluntary request of the finance minister.
Could the parliamentary secretary share with the House why the adviser to the Prime Minister on the economy is refusing the request of the finance minister?