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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.