Mr. Chair, at the beginning of this year, I was pleased to announce that the major banks in Canada had publicly committed to enhancing low-cost bank accounts. The maximum monthly fee for these accounts is $4. They are available to all Canadians. Low-cost bank accounts allow consumers to make 12 transactions per debit card per month and exercise chequing privileges without any additional fees for deposits, debit cards, pre-authorized payment forms and monthly printed statements. The eight main banks in Canada also—
In the House of Commons on May 25th, 2015. See this statement in context.