Yes. Right on.
This is for the Competition Bureau.
Again, just looking at where interest rates have been, the best way for somebody to get into a market.... I'm from Saskatchewan, so I'm using a telecommunications model. SaskTel basically had a monopoly on telecommunications. When it was opened up and Bell, Rogers, Telus and others came in, they came in at a lower rate to try to incentivize people to switch from SaskTel to them. They did that with pricing. We're not seeing that in credit cards. Would it not make sense?
You go back to the 1980s, and credit cards have all kind of maintained the status quo. It was only a 2.25% margin between lending rates and interest rates on credit cards. Right now it's about 15%, the gap in that. If we're talking about price-fixing, we have to go back to the 1980s to look at this. Would you not agree?