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Trudeau Cabinet approves C$10B loan guarantee for TMX

Canada Issued Its First Sustainability Bond in March 2022

Small businesses feeling the pinch of credit-card fees as e-commerce ramps up | iNFOnews

Christopher Reynolds FILE PHOTO - Credit cards are seen in Montreal on December 12, 2012. Industry groups say small businesses are being hammered by high credit card fees on online purchases as the shift toward e-commerce continues amid the second wave of the COVID-19 pandemic. Image Credit: THE CANADIAN PRESS/Ryan Remiorz January 06, 2021 - 7:00 PM OTTAWA - Industry groups say small businesses are being hammered by high credit-card fees on online purchases as the shift toward e-commerce continues. Visa and MasterCard reduced the fees they collect from businesses to an average annual rate of 1.4 per cent from 1.5 per cent under an agreement with Ottawa that took effect last year. But the fees remain higher than in many Western countries, particularly for online transactions, trade organizations say.

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