Industry committee  Thank you so much for the remark. I was processing your question. I'm not sure how to answer that, to be honest. I'm so sorry.

Industry committee  Yes, if consumers can see the cost benefits and savings on the front end, it would be ideal.

Industry committee  Thank you.

Industry committee  Thank you so much for the question. Yes, we're absolutely pleased that the government has made the announcement to lower the criminal interest rate to 35% annual percentage rate, or APR. I think the next step is a proposal to improve enforcement of the criminal rate of interest, which can be a very promising step for Canadians.

Industry committee  We can. Thank you.

Industry committee  I think you're absolutely right. There are a lot of people accessing credit cards as a form...which is having debt. It's more accessible than, for example, a line of credit, which might take the income and assets into consideration before they can borrow. It's usually at a much lower rate.

Industry committee  Yes. Thank you for the question and the observation. In my experience in working with participants living on lower incomes, absolutely, plain language is not something that is used. Maybe the customer sales representative has a quota to meet and will tell the participants at the mall, at a school, at the grocery store that if they sign up for this they can have a grocery gift card of $250.

Industry committee  Absolutely.

Industry committee  It has started snowing. It's the first day of snow.

Industry committee  Thank you so much. Thank you to the chair for the opportunity to speak with you today. Momentum is so grateful to see important steps to improve the financial inclusion of Canadians. Momentum is a community development organization in Calgary that connects people living on lower incomes with economic opportunities.