Showa fined $13m for auto parts conspiracy
Japanese auto parts maker Showa Corporation has been fined $13 million after admitting to participating in an international conspiracy to rig bids for electronic power steering gears. Showa’s fine is the second largest ever imposed for bid rigging in Canada. It brings the total haul from the Competition Bureau’s auto parts investigation to over $70 million. The auto parts investigation is the largest ever international antitrust investigation. Antitrust authorities in a number of countries, including the United States, the European Union, the United Kingdom, China, Japan, and Korea. In Canada, the Bureau launched its the investigation in 2009 after receiving more than 160 applications ... [more] Full article
Bureau Moves Iron Mountain in Recall Acquisition
Iron Mountain Inc. agreed to divest assets and customer contracts in 6 of the 10 markets where its acquisition target, Recall Holdings, operates. Iron Mountain will divest assets in Toronto, Montreal, Ottawa, Calgary, Edmonton ... [more] Full article
Parkland Agrees to Divest Gas Stations
Parkland Fuel Corporation has agreed to divest gas stations or exclusive gasoline supply agreements in six markets in Ontario and Manitoba, and to abstain from increasing its margins on wholesale gasoline ... [more] Full article
Fraud Prevention Month
March is Fraud Prevention Month at the Competition Bureau. The annual campaign is aimed at raising awareness about the ever-changing landscape of consumer fraud, and informing Canadians on how to protect themselves. As ... [more] Full article