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The federal Competition Tribunal is expected to deliver its widely anticipated ruling on credit-card fees this week, a decision that will have major implications for consumers, credit-card providers and Canadian banks.
The federal Competition Tribunal is expected to deliver its widely anticipated ruling on credit-card fees this week, a decision that will have major implications for consumers, credit-card providers and Canadian banks.
(Michael Probst/AP)

Streetwise

Tribunal set to play trump card in fee dispute with Visa, MasterCard

The federal Competition Tribunal is expected to deliver its widely anticipated ruling on credit-card fees this week, a decision that will have major implications for consumers, credit-card providers and Canadian banks.

In 2010, the federal Competition Bureau argued that Visa Canada Corp. and MasterCard Inc., which together control 90 per cent of Canada’s credit-card market, impose restrictive rules on merchants, which drive up costs for small businesses and consumers.