TD, Banker Group To Enter Canada Credit Card Action

Law360, New York (April 6, 2011, 7:08 PM EDT) -- The Canadian Competition Tribunal on Tuesday gave Toronto-Dominion Bank and the Canadian Bankers Association permission to intervene in an action challenging the rules Visa Canada Corp. and MasterCard International Inc. apply to merchants that accept their credit cards.

Justice Sandra J. Simpson of the Canadian Competition Tribunal granted TD Bank and the bankers group's motions to join the Canadian Competition Bureau's suit in a limited capacity on the side of the financial giants, agreeing with most of their arguments that they are directly affected by and...
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