Siobhan Coady at the Finance Committee

On May 26th, 2009. See this statement in context.

May 26th, 2009 / 3:55 p.m.

Liberal

Siobhan Coady Liberal St. John's South—Mount Pearl, NL

I have one quick final series of questions. This is about shifting the risk on debit cards.

I've been advised--and I'm asking if your understanding is the same--that there will be a shifting of the risk with chip cards, meaning that merchants will be bearing more of the risk. I'm seeing nodding heads. Is that your understanding as well?

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