I think government has done quite a bit of good work in this area. Canada has surprised many other jurisdictions in moving forward with a voluntary code of conduct.
I must admit,
we wanted the code to be involuntary, not voluntary, but we also saw that it was achieving the goals.
I'm not sure I could speak about caps. The one thing I would remind the committee is that there is a task force for the payment system review and this brought everyone together.
It included small businesses, large businesses and
different stakeholders, and they have prepared recommendations that are worthy of this committee, of your attention in government. They deal with Canada falling behind in some issues on mobile payments. They talk about small business and how we can help them pay their bills electronically versus with cheques.
I think all of those, including what's happening in the payment system, are addressed in a serious way in this paper. I would recommend that we look at that report. I think that will answer many of those questions.