Criminal charges have been laid against 13 people and 11 companies accused of fixing the price of gas in Quebec, the federal Competition Bureau said Thursday. - The suspects and companies operated in Victoriaville, Thetford Mines, Magog and Sherbrooke. - Three companies and one person pleaded guilty in Quebec Superior Court in Victoriaville on Thursday to related charges. - The companies, which included Ultramar Ltd., face up to $2 million in fines in total. - "Today's announcement sends a clear message that the Competition Bureau will take action to stop price fixers whenever we have evidence that they have broken the law," bureau commissioner Sheridan Scott told a news conference in Montreal on Thursday. - "Price-fixing is a fraud against consumers. It deprives Canadians of the benefits of a competitive market, including a lower price and a greater choice." - The bureau alleges the gas retailers - individual operators who...
Brown said: "This crisis demonstrates beyond doubt that a global capital market requires much stronger global cooperation and supervision. And we need to ensure that we have an effective global...
A bit of a bounce for battered stock markets. Asian shares were cautiously higher on Monday after G-7 officials took steps to repair the world's broken financial system. Many nations agreed to...
Wire-tap evidence used to obtain search warrants that led to charges in an alleged Quebec gas price-fixing scheme suggest discussions about prices took place in several regions beyond those...
After more than two decades in the international banking doldrums, Japan is back. Japan's Nomura has agreed to buy Lehman Brothers' equities and investment banking business in Europe and the...
After more than two decades in the international banking doldrums, Japan is back. Japan's Nomura Holdings is to pay up to $525 million for Lehman's Asia Pacific franchise and is front-runner to...
TiVo, the popular U.S. television-recording device, is finally arriving in Canada in early December. - The TiVo set-top device, which allows viewers to record shows and skip commercials,...
Hong Kong shares rebound on Thursday(October 9), after recording a nearly 13 percent slide so far this week, helped by coordinated central bank action around the world and a raft of favourable...
Asia stocks largely gained on Thursday with investors gaining confidence following solid business spending data out of the United States. Japan's Nikkei rose 3 percent (14,124) its best daily gain...
Asia stocks ended the week on a high note with investors soothed by signs of bigger than expected economic growth figures in the United States. Exporters such as Toyota were among the top gainers....
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