Mr. Speaker, it is a privilege to rise here today to represent the people of eastern P.E.I. Like many residents of Canada, they are frustrated by the trend of increasing banking fees and charges. Our government has taken action by capping non-sufficient fund fees. These can run as high as $50, and they impact mostly low-income Canadians. In many cases these fees add up to hundreds of dollars over the year.
Can the Secretary of State for the CRA and Financial Institutions outline what this measure means for Canadians?