Canadian Credit Card Issuers choose Proportionate Payment Allocation

 So when I make a payment it pays off my new pusrchases before that low rate balance right?

The government was given a clear mandate by consumers to force banks to apply their payments to high interest rate balances first; however, after negotiating with the credit issuers and their lobby groups the FDAC failed consumers by making this even more complicated, giving banks the choice.   Payments must either be allocated to the ballance with the highest interest rate first or distributed based on the proportion of each. Wow! Even less transparentcy.

Who's responsible?

Credit Card Issuers in Canada come under the jurisdiction of:
The Financial Consumer Agency of Canada
Educate yourself then Get Involved! Call the FDAC ask questions and register your comments. 1-866-461-3222
Proportional. Payment (PP).
Schedule I banks Domestic banks
There are 22 domestic banks as of October, 2010.[1]
The Big Five
VISA 003 Royal Bank of Canada LIBF PP 18007692512
VISA 010 Toronto-Dominion Bank (operating as "TD Canada Trust") 18009838472 LIBF PP
MC   001 Bank of Montreal Mastercard 1-800-263-2263 "Unable to transfer call not enough lines"
Bank of Nova Scotia VISA 1-800-387-6466 LIBF Agnet was unprepared to answer question and gave  incorrect information
Canadian Imperial Bank of Commerce  1-800-465-4653 mp lri pp
Bank West
Bridgewater Bank
Canadian Tire Bank
Canadian Western Bank
Citizens Bank of Canada
CS Alterna Bank
DirectCash Bank
Dundee Bank of Canada
First Nations Bank of Canada
General Bank of Canada
HomEquity Bank
Jameson Bank
Laurentian Bank of Canada
Manulife Bank of Canada
National Bank of Canada
Pacific & Western Bank of Canada
President's Choice Bank