Financial Institutions

Oral Questions

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 t…

Oral Questions

Mr. Speaker, I want to thank my friend from Cardigan for the great work he does in the House and in his riding. We are focused squarely on making life more affordable for Canadians. That is why, yesterday, we capped non-sufficient fund fees that banks charge at $10. Before this measure came into pla…

Oral Questions

Mr. Speaker, over one-third of Canadians are hit with NSF fees, non-sufficient funds fees, and those fees can be as high as $50. That is money Canadians could be using to put towards rent, food and other essential items. Can the Minister of Finance tell the House how we are helping Canadians with af…

Oral Questions

Mr. Speaker, I want to thank my colleague for a great question. I know that everyone wants to hear more good news. It is Thursday. In fact, she is right: Yesterday we announced that we are capping the non-sufficient funds fee to $10. We know that one out of three Canadians is affected by these fees.…

Oral Questions

Mr. Speaker, earlier this week, I was proud to stand alongside my colleagues on this side of the House to vote in favour of Bill C-15. In addition to unlocking generational investments to help build a strong, modern, resilient Canadian economy, Bill C-15 contains important measures to make life more…