Competition Bureau

Charles River Associates (CRA) Strengthens its Antitrust & Competition Economics Practice in Canada

Retrieved on: 
Tuesday, April 2, 2024
Finance, Consulting, Banking, Professional Services, Legal, Duke University, CRA, CRA International, University, Doctor of Philosophy, CRAI, BBA, Competition Bureau, Economics, Management

Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services , today announced that Dr. Renée Duplantis will join the firm as a vice president and leader of CRA’s Canadian Competition team.

Key Points: 
  • Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services , today announced that Dr. Renée Duplantis will join the firm as a vice president and leader of CRA’s Canadian Competition team.
  • “Like many of the economists in our Antitrust & Competition Economics Practice, she is a recognized thought leader with experience testifying in court and presenting to competition agencies around the world.”
    “I am thrilled that Renée is joining CRA, which will strengthen the economic, analytical, and testifying expertise CRA brings to Canadian clients as they navigate regulatory challenges nationally and globally,” said CRA Global Antitrust & Competition Economics Practice Leader Margaret Sanderson .
  • Prior to joining CRA, she led the Canadian competition practice of an international consulting firm.
  • Dr. Duplantis has a PhD in economics from Northeastern University, an MA in economics from Duke University, and a BBA in economics from the University of Louisiana at Monroe.

Pembina Pipeline Corporation Receives Canadian Competition Bureau Approval for the Proposed Acquisition of Enbridge’s Interest in Alliance/Aux Sable

Retrieved on: 
Tuesday, March 19, 2024
Oil, Gas, Energy, Multimedia, Pembina Pipeline, PBA, PPL, Acquisition, TSX, Commissioner, Competition Bureau, Transaction, Competition

Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has received a "no-action letter" from the Canadian Competition Bureau confirming that the Commissioner of Competition does not intend to challenge the proposed acquisition by Pembina of Enbridge’s interest in the Alliance, Aux Sable, and NRGreen joint ventures (the "Transaction").

Key Points: 
  • Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has received a "no-action letter" from the Canadian Competition Bureau confirming that the Commissioner of Competition does not intend to challenge the proposed acquisition by Pembina of Enbridge’s interest in the Alliance, Aux Sable, and NRGreen joint ventures (the "Transaction").
  • The receipt of the "no-action letter" satisfies the last material regulatory condition necessary for completion of the Transaction, which is expected to occur on April 1, 2024.
  • This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20240319734451/en/

Competition Bureau seeks to protect the integrity of contracts leading up to the FIFA World Cup 26

Retrieved on: 
Friday, March 22, 2024
World cup, QC, Collusion, Competition Bureau, Risk, Bureau, City, Tourism, Competition, Competition Act, Auction

GATINEAU, QC, March 22, 2024 /CNW/ - The Competition Bureau has launched a new reporting tool to help the public and business community report potential collusive agreements between competitors related to the FIFA World Cup 26.

Key Points: 
  • GATINEAU, QC, March 22, 2024 /CNW/ - The Competition Bureau has launched a new reporting tool to help the public and business community report potential collusive agreements between competitors related to the FIFA World Cup 26.
  • The Bureau urges anyone with information regarding bidders who are entering into collusive agreements, to win contracts linked to the World Cup, to report it using the reporting tool.
  • Collusion undermines fair competition, threatens the integrity of markets and increases the cost and risk of doing business.
  • We are determined to pursue those who seek to unjustly profit from contracts related to the World Cup."

ESG fraud is a growing risk for Canadian organizations, KPMG poll shows

Retrieved on: 
Thursday, March 21, 2024
Organization, KPMG, Corruption, Risk, ESG, Disclosure, Research, Carbon, Fraud, Competition Bureau

Last month, KPMG polled 300 Canadian organizations victimized by fraud to learn about the types of scams they have experienced.

Key Points: 
  • Last month, KPMG polled 300 Canadian organizations victimized by fraud to learn about the types of scams they have experienced.
  • ESG fraud occurs when a company's environmental, social and governance efforts or data are exaggerated, embellished, or distorted.
  • Additionally, 86 per cent are concerned that the pressures are increasing the risk of ESG-related fraud happening within their organizations, and 81 per cent are concerned their organization could inadvertently commit ESG fraud.
  • Ms. Seidler says the survey findings underscore the need for organizations to implement strong controls that properly address ESG fraud.

The rise of AI: Fraud in the digital age

Retrieved on: 
Monday, March 4, 2024
AI, Panic, Friends, Competition Bureau, Language, Sound, Competition, Human, Fear, Family, Artificial intelligence, Knowledge, Lip, Statistics, Movement, Statistics Canada, QC, Creative industries

According to Statistics Canada, fraud cases in Canada have almost doubled over the past ten years, surging from 79,000 in 2012 to 150,000 in 2022.

Key Points: 
  • According to Statistics Canada, fraud cases in Canada have almost doubled over the past ten years, surging from 79,000 in 2012 to 150,000 in 2022.
  • This increase shows that fraudsters are becoming more skilled, and technology like AI is helping them improve their old tricks.
  • AI can be used to quickly produce texts, emails, and messages in the style and language of a specific person.
  • If you believe you've come across misleading AI generated content, report it to the Competition Bureau or to the Canadian Anti-Fraud Centre .

Prime Minister announces the appointment of the Honourable Konrad von Finckenstein as Conflict of Interest and Ethics Commissioner

Retrieved on: 
Thursday, February 29, 2024
Commons, Canada Dry, Finckenstein, Competition Bureau, Government, Ethics, Competition, House, Interest, Federal court, Conflict, Policy, Conflict of interest, Parliament, Commissioner

OTTAWA, ON, Feb. 29, 2024 /CNW/ - The Prime Minister, Justin Trudeau, today announced the appointment of the Honourable Konrad von Finckenstein as Conflict of Interest and Ethics Commissioner.

Key Points: 
  • OTTAWA, ON, Feb. 29, 2024 /CNW/ - The Prime Minister, Justin Trudeau, today announced the appointment of the Honourable Konrad von Finckenstein as Conflict of Interest and Ethics Commissioner.
  • He is a recipient of the Order of Canada and served as interim Conflict of Interest and Ethics Commissioner.
  • The Conflict of Interest and Ethics Commissioner is an Agent of Parliament appointed for a term of seven years.
  • The Commissioner administers the Conflict of Interest Act, which sets out clear conflict of interest and post-employment rules applicable to public office holders.

Competition Bureau expands its investigation into Google's advertising practices

Retrieved on: 
Thursday, February 29, 2024
Online, Bureau, Record, Competition Bureau, Advertising, Competition Act, Federal court, Google Ads, QC, ADX, Publishing

GATINEAU, QC, Feb. 29, 2024 /CNW/ - The Competition Bureau has obtained a court order to gather information and advance an ongoing investigation into Google's online advertising practices in Canada.

Key Points: 
  • GATINEAU, QC, Feb. 29, 2024 /CNW/ - The Competition Bureau has obtained a court order to gather information and advance an ongoing investigation into Google's online advertising practices in Canada.
  • The Bureau is investigating whether Google has engaged in certain practices that harm competition in the online display advertising industry in Canada.
  • The Bureau has now expanded the scope of its investigation to examine ways that Google may be:
    using predatory pricing in certain display advertising technology services.
  • The Bureau also investigated Google in 2016 for alleged anti-competitive conduct relating to online search, search advertising and displaying advertising.

Fraud Prevention Month 2024: Fighting fraud in the digital era

Retrieved on: 
Thursday, February 29, 2024
Marketing, Competition Bureau, Competition, CAFC, Fraud, RCMP, Crime

If you have information about deceptive marketing practices, report it to the Competition Bureau .

Key Points: 
  • If you have information about deceptive marketing practices, report it to the Competition Bureau .
  • In 2023, the top three most reported types of fraud were identity fraud, service fraud, and phishing –all designed to get you to pay or give away sensitive information like your social insurance number, passwords or banking details.
  • In 2023, the CAFC received 116,403 reports which included at least 41,873 victims of fraud.
  • As fraud continues to evolve we want to remind Canadian to remain vigilant by recognizing, rejecting, and reporting fraud."

Supreme Court dismisses Secure Energy's application to appeal the successful challenge of Secure and Tervita merger

Retrieved on: 
Monday, February 26, 2024
Bureau, Petroleum, Tribunal, Natural gas, Competition Bureau, Secure, Sale, WCSB, Competition, SCC, Columbia, Federal court, Cave, Tervita, Supreme court, Water, Oil

GATINEAU, QC, Feb. 26, 2024 /CNW/ - The Competition Bureau welcomes the Supreme Court of Canada's (SCC) decision to dismiss an application by Secure Energy seeking leave to appeal the Bureau's successful challenge of the merger of two rival suppliers of oilfield waste services.

Key Points: 
  • GATINEAU, QC, Feb. 26, 2024 /CNW/ - The Competition Bureau welcomes the Supreme Court of Canada's (SCC) decision to dismiss an application by Secure Energy seeking leave to appeal the Bureau's successful challenge of the merger of two rival suppliers of oilfield waste services.
  • The Bureau recently approved R360 Environmental Solutions Canada Inc. as the buyer of the 29 facilities.
  • The facilities include 17 treatment, recovery, and disposal facilities, 4 standalone water disposal wells, 6 landfills and 2 caverns.
  • Secure acquired these facilities as part of the merger.

WASTE CONNECTIONS ANNOUNCES CLOSING OF ACQUISITION OF SECURE ENERGY WASTE DIVESTITURES IN WESTERN CANADA

Retrieved on: 
Thursday, February 1, 2024
Biophysical environment, Secure, Competition Bureau, Social, Tervita, Waste Connections, Safety, Recycling, Cave, CAD, Municipal solid waste, Competition, TSX, PSLRA, Acquisition, Pacific Northwest, Risk, WCN, Movement

TORONTO, Feb. 1, 2024 /PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or "the Company") today announced the closing of the previously announced acquisition of the Secure Energy Services Inc. (TSX: SES) ("Secure") portfolio of 30 energy waste treatment and disposal facilities in Western Canada for an aggregate purchase price of CAD$1.075 billion.

Key Points: 
  • TORONTO, Feb. 1, 2024 /PRNewswire/ -- Waste Connections, Inc. (TSX/NYSE: WCN) ("Waste Connections" or "the Company") today announced the closing of the previously announced acquisition of the Secure Energy Services Inc. (TSX: SES) ("Secure") portfolio of 30 energy waste treatment and disposal facilities in Western Canada for an aggregate purchase price of CAD$1.075 billion.
  • "We are pleased to expand our R360 E&P waste operations into Canada, and we welcome the former Secure employees to the Waste Connections family," said Ronald J. Mittelstaedt, President and Chief Executive Officer.
  • Waste Connections ( wasteconnections.com ) is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery primarily through recycling and renewable fuels generation.
  • You should not place undue reliance on forward‑looking statements, which speak only as of the date of this press release.