Industry committee  That can't be accurate in the experience of our businesses, but don't forget that our businesses will take that to their local bank where they're dealing. The complaint will go through there as opposed to possibly through Visa. That's probably what happens. But I cannot conceive

Finance committee  That can't be accurate in the experience of our businesses, but don't forget that our businesses will take that to their local bank where they're dealing. The complaint will go through there as opposed to possibly through Visa. That's probably what happens. But I cannot conceive

Industry committee  This is the number one issue of concern from independent grocers across Canada and has been for many months. It has exacerbated the cost issue in the stores. It has made things extremely difficult.

Industry committee  We have to find some way to get some transparency, some constant, in there somewhere, Dan, I think.

Finance committee  This is the number one issue of concern from independent grocers across Canada and has been for many months. It has exacerbated the cost issue in the stores. It has made things extremely difficult.

Finance committee  We have to find some way to get some transparency, some constant, in there somewhere, Dan, I think.

Industry committee  Just take, let's say, your 3¢ or 3% on a $200 bill. Even with my simple ability in mathematics, I can see the difference.

Industry committee  That's right: cents per transaction. Now--

Industry committee  The way to go is to keep Interac the way it is. It's non-profit. I know that Interac has been here and they've talked about going into a profit mode and that kind of thing. They don't have the buying power. They're in the same situation we're in. If you leave the system the way

Finance committee  Just take, let's say, your 3¢ or 3% on a $200 bill. Even with my simple ability in mathematics, I can see the difference.

Finance committee  That's right: cents per transaction. Now--

Finance committee  The way to go is to keep Interac the way it is. It's non-profit. I know that Interac has been here and they've talked about going into a profit mode and that kind of thing. They don't have the buying power. They're in the same situation we're in. If you leave the system the way

Industry committee  You are absolutely correct about the competitive situation. Because of the strength of the large players in Canada, there really isn't any centre where there isn't some form of competition within driving distance, except in the case of some very remote communities. You don't pass

Industry committee  That's a very interesting point and it's one the committee should take note of. Of course, the consumer continues to use credit cards, and I don't know whether the committee has been told this yet, but Canadians are the number one points collectors in the world. That's not prop

Industry committee  Do you remember when I started off and tried to explain the structure of the industry? If you're buying or you franchise from one of the major players, the odds are that you can piggyback on the rate they have negotiated. Different rates are negotiated by the major players in the