MasterCard Canada, a unit of MasterCard Inc. (MA), said Monday that it has submitted its comments on the Minister of Finance's Draft Code of Conduct for the Credit and Debit Industry.
MasterCard said overall it supports the objectives of the code and is not recommending dramatic changes to the draft. Its comments were limited to clarification, details of operational implementation, and commercial viability.
The draft Code balances the interests of various players in the payments system including addressing the concerns of small merchants, MasterCard noted and added that it recommends the maintenance of that equilibrium as the code is finalized.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.