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Decentralized Democracy

House Hansard - 109

44th Parl. 1st Sess.
October 6, 2022 10:00AM
Context: House Hansard - 109 - Oct/6/22
Mr. Richard Cannings (South Okanagan—West Kootenay, NDP)
  • Oct/6/22 2:50:43 p.m.
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Mr. Speaker, families dealing with the rising cost of living are worried about what they can afford. Canadian financial institutions already charge some of the highest credit card fees in the world while making record profits. Now Canadian consumers will have to pay those charges directly, simply for using their credit cards. New Democrats have urged both Conservative and Liberal governments to cap credit card fees at 1%, but governments keep protecting corporate profits. When will the Liberals finally defend Canadians by capping credit card merchant fees?
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Context: House Hansard - 109 - Oct/6/22
Hon. Chrystia Freeland (Deputy Prime Minister and Minister of Finance, Lib.)
  • Oct/6/22 2:51:22 p.m.
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Mr. Speaker, I spoke just a moment ago about our commitment to ensuring that everyone in Canada pays their fair share, and I listed some of the very concrete tax measures that are coming into force, some of which have come into force already. We are going to keep going. When it comes to credit card fees, I am very much in agreement with the member opposite. We need to support consumers. We need to support small businesses. We are committed to doing that and we will.
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