At this point in time credit card fees are a significant concern. The industry as a whole lost $254 million last year. At the same time, the credit card fees the industry incurred were in excess of $825 million. Many of our retailers don't have a lot of time to wait for something to happen. I think many of us were hanging our hats on a potential decision from the competition tribunal, which didn't come.
The recent announcement in the throne speech that there would be an awareness campaign and that it would be beneficial is not going to address the issue in the short term. We are very concerned and we want something done in the short term.