Thank you, Mr. Chair.
I received information from the Library of Parliament that tells me Visa represents 58% of credit card transactions and Mastercard is 38%. That's 96% of transactions concentrated in the hands of two organizations. My concern is about that concentration of power, which we've seen in telecom and in a number of other areas.
Do you believe that the credit card industry exercises undue power within the market? That question is for the Competition Bureau.