We have worked very closely with the Retail Council of Canada, with CFIB, with the Convenience Stores Association, with the jewellery store association, in one of the largest coalitions to ever come together to try to take on Visa and Mastercard. It's a duopoly, and we have not been able to have any success.
The answer that we often get is to just say that you won't accept Visa and Mastercard. The fact of the matter is, there's always somebody that's going to accept them, and we can't afford to allow the business to go out the door.
We were very supportive of our competition commissioner, who took the case of unfair business practices by Visa and Mastercard to the Competition Tribunal. After studying it for some time, and those two companies putting in millions and millions of dollars, they ended up coming out with a ruling saying that a regulatory approach is the best approach on this issue.
There are 31 other countries around the world that have taken a regulatory approach, a different approach. Canada is still the country with one of the largest interchange rates in the world. It is five times higher than some other countries. We've been banging our heads against the wall for so long on this one that we're appealing to government for help.