On interchange fees, I understand a voluntary agreement is in place that was reached with Visa, MasterCard, and the Canadian government to reduce fees to 150 basis points. I also understand that some entities are not happy or not seeing the results they should have.
Intervening in any sort of marketplace should be done in a very diligent and measured manner. I've read about the Australian situation where they had to re-regulate after they intervened. I understand what they've done in Europe.
I'm looking at this issue. I've ordered a study from the Library of Parliament. My former career was working for a financial institution for a very long time, and I'm trying to get up to speed again on the issue.
Yves, have the small businesses—not the larger entities, like Couche-Tard, or Rona, which I believe is now part of Lowe's—in Quebec seen a reduction in what they are incurring on interchange fees?