That's why I drive. But as I'm driving, I'm going to run into a lot of merchants along the way who are going to tell me that despite what you've just said about low-cost fees, the reality is that fewer and fewer of those cards are being distributed as you indiscriminately provide opportunities for people to receive rewards on the higher-premium, Infinite-type cards.
You say the merchants are coming to you, and I appreciate that you've talked to the RCC and a whole host of others, and you've taken a more diplomatic and high-road approach. But it almost sounds as if you might want to revisit the record.
Interchange fees are on the way up for merchants as a result of that new card being chosen by more and more—advocated by you and the banks. The merchant ultimately has to pay. I'm looking at the example of Giant Tiger, which came before the committee--0% to 30% in the span of a year and a half. I'm looking at small independents that can't afford them, especially when the price of gasoline goes up, and are very concerned about this.
Can you be specific about this? Do you not acknowledge that interchange fees, which you are responsible for, are heading up and having a devastating impact on merchants and ultimately consumers, who wind up paying for this at the grocery store, as an example?