Thank you, Mr. Chair.
I'd first like to thank all of the witnesses who took the time to speak to us today.
My question is for the Retail Council of Canada.
Mr. Littler, a lot of small business owners in my riding have called me to say that the credit card interchange fees they're required to pay are cutting into their profits, especially in the context of COVID-19. Cash is practically not used at all. Credit cards are primarily being used. The interchange fees charged by credit card companies in Canada and Quebec vary between 2% and 3%, but in Europe and Australia, these rates are set at 0.3%.
Do you think this would be a quick, effective and simple measure that would be good for all of the members you represent?