That could mean businesses save as much as $250 million per year, said Finance Minister Bill Morneau.

Average refunds of about $50 will be issued until October.

American Express has a new credit card that charges much lower interest compared with similar products in Canada.

An association representing convenience-store owners says they are pleased that the world's largest retailer has highlighted hefty credit card fees, but is worried Walmart will gain an even larger competitive advantage.

An ongoing battle between Walmart and a credit card company will force Canadians Visa card users to find an alternative way to pay for their groceries in the near future.

Finance Minister Joe Oliver is to introduce an expansion of a "code of conduct" that credit-card companies such as Visa and MasterCard agreed to abide by.

The country’s two biggest credit card networks have agreed to cut transaction fees collected from merchants on transactions by 10%.

Agreement in place to shave fees charged to retailers and consumers for credit card transactions, sources say. but by how much is still unknown.

This week’s throne speech will look at how consumers are often forced to buy bundled packages of TV channels when they aren’t interested in most, Industry Minister James Moore said.