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May 12th, 2009Committee meeting

Brenda O'Reilly

Finance committee  I have a couple of businesses in St. John's, in Ms. Coady's riding. This past summer I opened a new business, a microbrewery, restaurant, and pub. When I did my business plan, of course, I based it on the credit card rate being what I had negotiated with the Canadian Restaurant and Foodservices Association, and it was 1.57% at the time.

May 12th, 2009Committee meeting

Brenda O'Reilly

May 12th, 2009Committee meeting

Brenda O'Reilly

Industry committee  The proliferation of premium card fees is the biggest contributor to these increases. Starting last fall, both Visa and MasterCard introduced new premium cards with more rewards points for cardholders at no additional cost. What every restaurant operator knows is there's no such thing as a free lunch.

May 12th, 2009Committee meeting

Brenda O'Reilly

Finance committee  The proliferation of premium card fees is the biggest contributor to these increases. Starting last fall, both Visa and MasterCard introduced new premium cards with more rewards points for cardholders at no additional cost. What every restaurant operator knows is there's no such thing as a free lunch.

May 12th, 2009Committee meeting

Brenda O'Reilly