Thank you, Mr. Speaker. Mr. Speaker, in my Member’s statement today I talked about payday loans and the fact that I believe the territorial consumer is being left at risk. I think that’s time for this government to take an active interest in this file and rather than wait for an accident to happen, we should take control of it through sound, reasonable regulations.

Mr. Speaker, seven out of 10 of the provinces in this Dominion of Canada have ensured that low rates exist for people who have to go to Payday Loans, and they’ve ensured that the protection of the citizens is certainly a priority.

Mr. Speaker, the last point I want to make is the federal government says, through the Criminal Code, that you cannot charge more than 60 percent on these types of loans, but the fact is even though they hide it with a cheap introduction loan, the maximum of 60 percent does not take into account the fees that are often charged with this. So I’m going to ask the Minister of Municipal and Community Affairs, who’s also the Minister responsible for consumer affairs, is he willing to take a look at prescribing regulations here in the Northwest Territories that protect consumers and don’t put them at risk because of these high interest fees that are charged with the payday loans? Thank you.