In what some are appropriately calling a "sea change" in the Canadian credit card industry, the Competition Commissioner has formally announced that the Competition Bureau will no longer oppose duality of membership in credit card networks that operate in Canada. This announcement was made in a letter issued in November, 2008 to Canada's major credit card issuing banks and financial institutions, credit card networks and other interested parties.

type Financial Services Client Update - November 2008 - Smooth Sailing Ahead for Credit Card Duality in Canada