We would like to see something with more teeth. However, one of the reasons we are supportive of this bill is that we would like to see a lot more study on what is necessary or appropriate for credit card rates, to ensure that retailers aren't paying too much, but also to ensure that there is a vibrant credit card system in Canada. From our position, we want consumers to have credit cards. We believe it gives them easy access to funds they might not otherwise have, so it allows them to purchase goods and services when they are in our stores.
When we looked at what was in that private member's bill, and it didn't identify specific rates, we thought that as long as it goes further in terms of studying what those appropriate rates should be, we are in support of it.