Thank you very much to the witnesses for all of your presentations.
First, to Ms. Reynolds from the Restaurants Canada association, I had the pleasure of meeting with some of your members last week. Today you've made I think a very forceful presentation with respect to your members' concern about the high rate of credit card acceptance fees. In fact, Canada probably has one of the highest credit card acceptance fees around the world. Our party certainly agrees with the Competition Tribunal's position that we need some form of regulatory framework with respect to managing credit card processing fees.
I'm probably one of the most guilty individuals with respect to these loyalty cards, which is why my wallet is as big as it is. I myself am equally captured by the attractiveness of all these benefits from various loyalty programs.
The Minister of Finance had discussed the fact that the government's voluntary approach, the code of conduct for credit card and debit fees, was working. Do you have a particular comment with respect to that? Do you think there needs to be a different approach, and how would that approach take place?