Mr. Speaker, the Conservatives would have us believe that lowering Visa and Mastercard transaction fees charged by merchants will benefit consumers. However, the reality is that transaction fees are being lowered by just 10%. Canadian merchants will still pay some of the highest fees in the world.
There is no guarantee whatsoever that the voluntary measures taken by credit card companies will trickle down to consumers.
Why do the Conservatives continue to allow credit card companies to self-regulate?