Payments system ‘integral’ to Canadian economy, 24 billion payments worth $44-trillion made every year
‘Our view of the government’s role is to set overarching principles and a healthy regulatory environment for payments so that competition and innovation can take place,’ says Finance Minister Jim Flaherty about the Code of Conduct for the Credit and Debit Industry.
The following is a speech Finance Minister Jim Flaherty gave at the 15th Payments Panorama Conference in Quebec City, Que., on June 8, 2012. The speech was edited for length and style.
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