Competition Bureau

DATA Communications Management Corp. Announces Receipt of No-Action Letter from Canadian Competition Bureau

Retrieved on: 
Wednesday, March 29, 2023
Technology, Other Communications, Public Relations, Investor Relations, Marketing, Advertising, Communications, Software, Data Management, Blogging, Commissioner, Competition, Material, TSX, Communication, Competition Bureau, RR Donnelley, Acquisition, DCM

DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF) (“DCM” or the "Company"), a leading provider of marketing and business communication solutions, today announced that it has received a “no-action letter” from the Canadian Competition Bureau, confirming that the Commissioner of Competition does not intend to challenge DCM’s acquisition of the Canadian operations of R.R.

Key Points: 
  • DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF) (“DCM” or the "Company"), a leading provider of marketing and business communication solutions, today announced that it has received a “no-action letter” from the Canadian Competition Bureau, confirming that the Commissioner of Competition does not intend to challenge DCM’s acquisition of the Canadian operations of R.R.
  • Donnelley & Sons Company.
  • The receipt of the “no-action letter” satisfies one of the conditions necessary for completion of this transaction.
  • The transaction is expected to close in the second quarter of 2023, subject to the satisfaction of other customary closing conditions.

Unifor seeks update on Competition Bureau's display ad investigation into Google

Retrieved on: 
Wednesday, March 29, 2023
Advertising, Private sector, Democracy, Internet, Unifor National Council 4000, Record, Competition, Movement, Amazon, Social justice, Radio, Federation, Competition Bureau, News, Television, Unifor, Alphabet

TORONTO, March 29, 2023 /CNW/ - Unifor is demanding an update on the Competition Bureau's civil investigation into whether Google has engaged in certain practices that harm competition in the online display advertising industry in Canada.

Key Points: 
  • TORONTO, March 29, 2023 /CNW/ - Unifor is demanding an update on the Competition Bureau's civil investigation into whether Google has engaged in certain practices that harm competition in the online display advertising industry in Canada.
  • The scope of the Competition Bureau investigation is to determine if Google is impeding the success of competitors, resulting in higher prices and reduced choice.
  • The investigation includes an order from the Competition Bureau to have Google produce records and written information that are relevant to its inquiry.
  • Unifor is Canada's largest union in the private sector, representing 315,000 workers in every major area of the economy.

Competition Bureau reaches agreement with Isologic to protect competition in healthcare

Retrieved on: 
Friday, March 24, 2023
Commissioner, Competition Tribunal, Radiopharmaceutical, SPECT, Competition Bureau, Competition, The Competition Act, 2002, QC, Competition Act, News, Medical imaging, Bureau, Isolog schools

GATINEAU, QC, March 24, 2023 /CNW/ - The Competition Bureau announced today that it has entered into a consent agreement with Isologic Innovative Radiopharmaceuticals Inc. (Isologic) to address competition concerns with its contracting practices in the radiopharmaceutical industry.

Key Points: 
  • GATINEAU, QC, March 24, 2023 /CNW/ - The Competition Bureau announced today that it has entered into a consent agreement with Isologic Innovative Radiopharmaceuticals Inc. (Isologic) to address competition concerns with its contracting practices in the radiopharmaceutical industry.
  • A Bureau investigation found that Isologic's contractual practices with certain customers contravened the abuse of dominance provisions of the Competition Act.
  • Isologic cooperated with the Bureau's investigation and agreed to resolve the Bureau's competition concerns by entering into a consent agreement.
  • Promoting and protecting competition and innovation in the Canadian health care sector is a key priority for the Competition Bureau.

BPR to pay $485,000 following seventh Québec bid-rigging settlement

Retrieved on: 
Thursday, March 23, 2023
Bureau, Superior court, Court, Public, Competition Bureau, Government, BPR, Mendocino County Superior Court, QC, Public Prosecution Service of Canada, Construction, Engineering

The payment is part of a settlement filed today with the Superior Court of Québec between the Public Prosecution Service of Canada and BPR.

Key Points: 
  • The payment is part of a settlement filed today with the Superior Court of Québec between the Public Prosecution Service of Canada and BPR.
  • This settlement ends the Competition Bureau's investigation of the company's role in a bid-rigging scheme that targeted municipal infrastructure contracts in Québec City and Montreal between 2002 and 2011.
  • The settlement takes into account the fact that BPR previously reimbursed overpayments related to the bid-rigging through the Government of Québec's Voluntary Reimbursement Program.
  • BPR and six other engineering firms have been ordered to pay a total of $12,535,000 for their respective roles in the bid-rigging scheme.

Stand.earth data: RBC fossil fuel expansion, extreme energy financing surpassed $10.8 billion in 2022

Retrieved on: 
Wednesday, March 22, 2023
RBC, Royal Bank of Canada, Flood, New York City Comptroller, File, Coast, Disclosure, Stand.earth, CAD, Research, GFANZ, USD, Royal Bank, Coal, Banking in Canada, IPCC, Investment, Coastal GasLink Pipeline, Competition Bureau, Renewable energy, Natural gas, Fire

"If this week's IPCC report is humanity's survival guide, RBC's skyrocketing fossil fuel financing is a destruction guide.

Key Points: 
  • "If this week's IPCC report is humanity's survival guide, RBC's skyrocketing fossil fuel financing is a destruction guide.
  • At a time when even the worst actors are ratcheting back fossil fuel financing, RBC is moving the wrong direction, dragging our climate ambitions backwards and positioning Canadian banks as fossil fuels' lenders of last resort.
  • 2022 loans and underwriting to fossil fuel expansionists increased by 45% since 2021.
  • The total value of RBC's extreme fossil fuel investments at the end of Q4-2022 was $2.8 billion over the baseline from October 2021, (when RBC joined GFANZ) and $8.2 billion over its baseline Q4-2015 investments since Paris COP21.

Dr. Markus von Wartburg appointed Chief Economist to the Competition Bureau

Retrieved on: 
Tuesday, March 21, 2023
Federal Public Service Economy, Vancouver School, Intellectual property, University, Government of Canada, QC, Telecommunications, Law enforcement, Policy, Macdonald, Economist, Competition Bureau, Federal Government of Belgium, Doctor of Philosophy, Government, Peripheral Interchange Program, Vancouver School of Economics, Analysis Group, Industrial organization, Bureau, Economics

GATINEAU, QC, March 21, 2023 /CNW/ - The Competition Bureau is pleased to announce the appointment of Dr. Markus von Wartburg as its new Chief Economist.

Key Points: 
  • GATINEAU, QC, March 21, 2023 /CNW/ - The Competition Bureau is pleased to announce the appointment of Dr. Markus von Wartburg as its new Chief Economist.
  • Dr. von Wartburg will act as the Bureau's Chief Economist for a one-year term starting on April 3, 2023, providing advice on economic matters relating to the Bureau's investigations, litigation, advocacy work, as well as competition policy matters.
  • Dr. von Wartburg is Vice President of Analysis Group in Montreal, where he has served in several positions since 2008.
  • The Chief Economist provides the Bureau with advice on economic matters relating to competition policy and participates in the economic analysis of significant Bureau enforcement and advocacy matters.

Competition Bureau provides recommendations to improve competition law in Canada

Retrieved on: 
Wednesday, March 15, 2023
Act, Competition Act, The Act, Policy, Competition Bureau, Government, Government of Canada, Renewable energy, Medical device, Bureau

The Competition Bureau is pleased to present its submission in response to the Government of Canada's ongoing consultation on the future of competition policy in Canada .

Key Points: 
  • The Competition Bureau is pleased to present its submission in response to the Government of Canada's ongoing consultation on the future of competition policy in Canada .
  • The submission includes over 50 recommendations to help modernize and strengthen Canada's Competition Act.
  • In fact, the Competition Act – the toolkit the Bureau uses to protect and promote competition in Canada – has not been fully updated since the 1980s.
  • The Competition Act is the toolkit we use every day to protect and promote competition for Canadians.

With Sunwing acquisition approved, WestJet must ensure its plan will benefit workers, customers

Retrieved on: 
Saturday, March 11, 2023
Competition Bureau, WestJet, Sale, Acquisition, Private sector, Social justice, Transport Canada, ATS, Government, Unifor National Council 4000, Management, Unifor, Swissport, Sunwing Airlines

"In order to guarantee consistent high-quality service for customers, WestJet and Sunwing must ensure the existing collective agreements are respected, end their practice of contract flipping to reduce labour costs and start paying a living wage.

Key Points: 
  • "In order to guarantee consistent high-quality service for customers, WestJet and Sunwing must ensure the existing collective agreements are respected, end their practice of contract flipping to reduce labour costs and start paying a living wage.
  • WestJet and Sunwing announced the deal, subject to regulatory approval, on March 2, 2022, with the promise of lower prices for consumers and crew optimization for workers.
  • WestJet will have more work to do to improve job quality and attract more desperately needed workers to the industry.
  • Unifor represents 16,000 members across Canada in the aviation sector, including nearly 2,000 directly affected by the potential acquisition of Sunwing by WestJet, including 450 Sunwing pilots, 1,000 WestJet customer service representatives in Calgary, Vancouver and Toronto.

Hut 8 Provides Update on Business Combination with USBTC

Retrieved on: 
Friday, March 10, 2023
Bitcoin, Transaction, TSX, Competition Tribunal, Dutch Competition Act, Data mining, Competition, Hut 8, Mining, Competition Bureau, Competition Act, Cryptocurrency

The no-action letter confirms that the Competition Bureau does not, at this time, intend to challenge the Transaction before the Competition Tribunal under the merger provisions under the Competition Act.

Key Points: 
  • The no-action letter confirms that the Competition Bureau does not, at this time, intend to challenge the Transaction before the Competition Tribunal under the merger provisions under the Competition Act.
  • "As we continue to work towards closing the proposed transaction with USBTC, the issuance of this no-action letter is a positive development as it satisfies the Competition Act Approval condition in the business combination agreement.
  • We appreciate the Competition Bureau's professionalism throughout its review process," said Jamie Leverton, CEO of Hut 8.
  • Completion of the Transaction remains subject to the remaining regulatory approvals, shareholder approval, court approval, and other customary closing conditions of the Transaction.

Hut 8 Provides Update on Business Combination with USBTC

Retrieved on: 
Friday, March 10, 2023
Bitcoin, Transaction, TSX, Competition Tribunal, Dutch Competition Act, Data mining, Competition, Hut 8, Mining, Competition Bureau, Competition Act, Cryptocurrency

The no-action letter confirms that the Competition Bureau does not, at this time, intend to challenge the Transaction before the Competition Tribunal under the merger provisions under the Competition Act.

Key Points: 
  • The no-action letter confirms that the Competition Bureau does not, at this time, intend to challenge the Transaction before the Competition Tribunal under the merger provisions under the Competition Act.
  • "As we continue to work towards closing the proposed transaction with USBTC, the issuance of this no-action letter is a positive development as it satisfies the Competition Act Approval condition in the business combination agreement.
  • We appreciate the Competition Bureau's professionalism throughout its review process," said Jamie Leverton, CEO of Hut 8.
  • Completion of the Transaction remains subject to the remaining regulatory approvals, shareholder approval, court approval, and other customary closing conditions of the Transaction.