TORONTO, Feb. 11, 2014 /CNW/ - Retail Council of Canada (RCC)
congratulates the Federal Government for proposing measures in Budget
2014 that will take another bite out of price differences between
Canada and the U.S. and deal head-on with spiraling credit card
"RCC is encouraged by the government's recognition of the problem of
runaway credit card acceptance costs," says Diane J. Brisebois,
President and CEO of Retail Council of Canada. "Having been the leading
association in calling for these costs to be reduced, RCC is heartened
to see the government's specific language committing to help lower credit card acceptance costs. This is a $5 billion+ issue for Canadian retailers and consumers and
one that has been particular debilitating for our independent
merchants. Today's budget is clear evidence that the government is
moving in the right direction."
RCC also applauds the government's intention to address the practice of
certain manufacturers whose Canadian distributors and wholesalers
charge more than their U.S. counterparts. "We have identified, for
example, possible amendments to the Competition and Copyright Acts that
could facilitate parallel imports, thereby leading to lower prices for
Canadian retailers and consumers alike," says Brisebois.
"All in all, this is a very good budget for Canadian retailers,"
concluded Ms. Brisebois. "The Government has outlined significant
commitments that will have a meaningful impact on Canadian consumers
and reflect the retailer's long standing concerns in both these areas."
Canadians can be assured that retailers will continue to strive to
provide consumers with the best products at the best possible
price. RCC is looking forward to working with the government on
defining specifics to address these issues.
Retail Council of Canada (www.retailcouncil.org) is the Voice of Retail. Founded in 1963, RCC is a not-for-profit
association which represents more than 45,000 stores of all retail
formats, including department, grocery, independent merchants, regional
and national specialty chains, and online merchants.
SOURCE: Retail Council of Canada
For further information:
Retail Council of Canada