The voluntary agreement with the credit card companies was to result in an average credit card rate of 1.5%, the average credit card rate for all businesses. Our concern with that agreement is that prior to the agreement, Canada had amongst the highest credit card rates in the world. After that agreement, Canada still has amongst the highest credit card rates in the world.
In addition to that, the average rate entails that some will be below the average and some will be above the average. I'll give you the example of Costco, which has a zero rating on their credit card fees. As a result, because of the significant sales that Costco has, that average rate then will be impacted, and the retailers that are least likely or least able to negotiate a lower rate will be paying above 1.5%.
So from a small business perspective, we do not agree that the voluntary agreement will have a significant impact on credit card fees.