Ivison: Conservatives warn that transaction costs for banks are too high

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Conservatives likely to target banking sector to cut fees and increase competition, says MP Michelle Rempel Garner

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Published on November 1, 2024 • Last updated 0 minutes ago • 4 minutes reading

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A Conservative government will likely target the banking sector to cut fees and increase competition, Michelle Rempel Garner told John Ivison.

Rempel Garner and her colleague Adam Chambers raised the issue of wire transfer fees this week in a parliamentary committee, which has since passed a motion calling on the Competition Bureau to investigate a situation where banks are making big profits from high fees and possibly use their dominant market position to limit competition.

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