Is price fixing a major problem in Canada? + MORE Jan 2nd

The “Big Five” Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options?
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Is price fixing a major problem in Canada?Various brands of bread sit on shelves in a grocery store in Toronto on Wednesday Nov. 1, 2017. The Competition Bureau’s investigation into allegations of bread price fixing includes at least seven companies including Loblaw and Weston Bakeries, according to court documents. THE CANADIAN PRESS/Doug Ives
James Brander is a professor at the University of British Columbia’s Sauder School of Business.
What do auto parts, chocolate, computer memory, credit card services, and polyurethane foam have in common? One thing is that they have all been among the many subjects of recent price-fixing cases in Canada.
Most price-fixing cases do not generate much media attention. However, recent news that major Canadian grocery chains are being investigated after allegations of fixing bread prices—after an admission by Loblaw—seems to have struck a nerve.
Is price fixing a larger problem in Canada than we realize? What is the overall cost to consumers? And is there enough enforcement effort? The bread price-fixing conspiracy apparently survived for 14 years and came to light only after voluntary disclosure by a participant…

Continue Reading On macleans.ca »

Is price fixing a major problem in Canada?Various brands of bread sit on shelves in a grocery store in Toronto on Wednesday Nov. 1, 2017. The Competition Bureau’s investigation into allegations of bread price fixing includes at least seven companies including Loblaw and Weston Bakeries, according to court documents. THE CANADIAN PRESS/Doug Ives
James Brander is a professor at the University of British Columbia’s Sauder School of Business.
What do auto parts, chocolate, computer memory, credit card services, and polyurethane foam have in common? One thing is that they have all been among the many subjects of recent price-fixing cases in Canada.
Most price-fixing cases do not generate much media attention. However, recent news that major Canadian grocery chains are being investigated after allegations of fixing bread prices—after an admission by Loblaw—seems to have struck a nerve.
Is price fixing a larger problem in Canada than we realize? What is the overall cost to consumers? And is there enough enforcement effort? The bread price-fixing conspiracy apparently survived for 14 years and came to light only after voluntary disclosure by a participant…

Continue Reading On macleans.ca »

Tips to help you keep up with bills, avoid late fees, spot bogus charges, track spending, log card rewards and spend money right.

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