By Julian Beltrame, The Canadian Press
OTTAWA - Canada's credit card system is a 'perverse' place where shoppers who pay with cash or debit subsidize purchases made with credit cards, the Competition Bureau argued Tuesday in its opening salvo against Visa and MasterCard.
That's because merchants pay high fees for accepting credit cards and those costs are passed on to all consumers, the bureau's lead counsel Kent Thomson said in his opening statement to a tribunal hearing whether credit card companies are engaging in anti-competitive behaviour.
Competition Bureau says credit card issuers set up perverse system
