It will have a dramatic effect on the restaurant industry because our margins are so thin or low, particularly in Newfoundland. The rate I'm paying for Visa and MasterCard is higher than the average profit margin in Newfoundland.
I actually brought all of my stuff. I have my merchant agreement, statements, and the whole thing. They are charging my particular little business 15 different rates. Not a single one of them is the rate I negotiated. So it's really hard for restaurants to keep up with that—though on my part, I am involved and am keeping up with it. But most operators are working in their restaurants; they don't have time to be working in their offices. They're out with their customers or they're out trying to grow their business. A lot of times they are front-of-house people and not necessarily back-of-house people; this is creeping up on them and they're not getting time to react until it's too late, and then they're out of business.
These are real jobs all over Canada. We're in every community in Canada. We're the backbone of most small towns and we are big employers, and it's having a dramatic effect on our industry.