Mr. Speaker, I am not sure why the NDP members are opposed to a 10% reduction in credit card fees. This is promised by Visa and MasterCard, which represent over 90% of the market. Let me quote from the Retail Council of Canada. “[T]his is an important first step towards ending the escalation of credit card fees”, according to Diane Brisebois, chief executive of the council.
This is a very good measure.