National Energy pays $7 million to resolve door-to-door sales investigation
National Energy Corporation, has agreed to pay a total of $7 million in restitution, administrative monetary penalties, and costs to settle the Bureau’s concerns about its door-to-door selling tactics. The Bureau stated that it had become aware of thousands of complaints that National’s sales agents concealed their identity and the purpose of their visit in order to gain access into the customers’ homes, and made misleading representations to the customers about the need to replace or upgrade their existing water heaters. The consent agreement between National and the Competition Bureau was signed on November 24, 2014. In addition to paying restitution and monetary ... [more] Full article
Medtronic secures approval to buy Covidien after agreeing to divestitures
Medical device maker Medtronic Inc. resolved the Competition Bureau’s concern that its acquisition of competitor Covidien PLC would reduce competition for the supply of drug-coated balloon catheters for the treatment ... [more] Full article
Reliance acquires its largest competitor, National
Shortly after agreeing to pay hefty $5 million penalty to settle the Competition Bureau’s allegations that it engaged in anti-competitive tactics to prevent competitors from expanding, hot water heater supplier ... [more] Full article
Competition Bureau Signs MOU with the OSC
The Competition Bureau signed a Memorandum of Understanding (MOU) with the Ontario Securities Commission (OSC) on November 25, 2014. The OSC regulates the capital market in Ontario. Both agencies share ... [more] Full article