Mr. Taylor, on the face of it, the current situation with respect to debit cards and the consent order that is in being with Interac seems to be a fairly good one in terms of costs, both for users of debit cards and for merchants. In your words, what would be the benefits of allowing greater competition? I mean, there can be two outcomes, in my opinion. Either costs will go up for consumers and/or merchants or they'll go down. If they go up, would that be something the Competition Bureau would weigh in on or is that not part of your responsibility?
On November 18th, 2009. See this statement in context.