Combatting cartels is one of the most important jobs for the Competition Bureau and competition authorities worldwide. A cartel is born when businesses agree to act together instead of competing with each other, all the while maintaining the illusion of competition.
Les Entreprises de ventilation Climasol Inc. and its President, Roch Raby, pleaded guilty today in the Quebec Superior Court in Montreal. They were fined $130,000 and $10,000 respectively for their role in an agreement to rig bids for a private sector ventilation contract in the Faubourg St‑Laurent Phase II project.
Fraud Prevention Month 2016 kicks off today with the release of the results of a new survey on the most common scams targeting Canadian consumers, as well as tips on how they can protect themselves.
Chalifoux Sani Laurentides Inc. has pleaded guilty in the Quebec Superior Court in Montreal and has been fined $118,000 for its participation in a bid‑rigging scheme to obtain municipal contracts for specialized sewer services in Quebec. The charges against owner Michel Chalifoux were stayed.
The Competition Bureau announced today that the pre‑merger notification threshold relating to transaction‑size for 2016 will increase to $87 million from the 2015 threshold of $86 million.