Competition Act

Government of Canada announces reappointment of Matthew Boswell as Commissioner of Competition

Retrieved on: 
Wednesday, December 20, 2023
Competition Bureau, Government, Competition law, Competition Act, The Honourable, Act, Competition, Future, Bureau, Commissioner, The Act, Parliament, Policy

OTTAWA, ON, Dec. 20, 2023 /CNW/ - Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, announced the reappointment of Matthew Boswell as Commissioner of Competition for a two-year term, effective February 27, 2024.

Key Points: 
  • OTTAWA, ON, Dec. 20, 2023 /CNW/ - Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, announced the reappointment of Matthew Boswell as Commissioner of Competition for a two-year term, effective February 27, 2024.
  • Matthew Boswell has been leading the Competition Bureau in its efforts to reinforce competition in Canada's economy since 2019.
  • In 2022, a first series of important amendments to the Competition Act strengthened the Bureau's ability to protect Canadian consumers, businesses and workers from anti-competitive conduct.
  • Mr. Boswell's reappointment comes as the Government of Canada looks to complete a comprehensive modernization of the Competition Act, in an effort to create market transparency and enhance competition, and as the Bureau continues to help improve affordability and consumer choice across Canada.

CMA’s new resource helps organizations prevent deceptive practices that erode consumer trust

Retrieved on: 
Tuesday, December 5, 2023
Marketing, Advertising, Communications, Textile Labelling Act (Germany), Consumer Protection Act (Quebec), European Consumer Centres Network, Organization, Consumer, The Competition Act, 2002, CMA, CASL, Textile, Communication, Competition Act, Real estate

By providing examples of common marketing activities and how Canadian laws affect each activity, the guide will help organizations better understand how they can solidify a strong brand reputation and help foster consumer trust.

Key Points: 
  • By providing examples of common marketing activities and how Canadian laws affect each activity, the guide will help organizations better understand how they can solidify a strong brand reputation and help foster consumer trust.
  • “In the dynamic world of business, our truthful marketing guide is the essential companion for organizations.
  • Rooted in transparency, this guide not only safeguards reputations but also paves the way for enduring customer relationships,” said Clodman.
  • The CMA also provides a Consumer Centre to help consumers better understand their rights and obligations in a wide range of areas.

Amp Me to pay penalty to address Competition Bureau concerns over misleading advertising

Retrieved on: 
Tuesday, December 5, 2023
Competition Tribunal, Negotiation, Competition Bureau, The Competition Act, 2002, Bank statement, Music, QC, Social media, App Store (iOS/iPadOS), Apple, Competition Act, Mobile phone, Property management, Bureau

A Bureau investigation revealed that Amp Me allegedly purchased positive reviews from third parties between 2019 and 2022 to promote its mobile application.

Key Points: 
  • A Bureau investigation revealed that Amp Me allegedly purchased positive reviews from third parties between 2019 and 2022 to promote its mobile application.
  • The Bureau concluded that these reviews created a false or misleading general impression among the public.
  • As part of this settlement, the Bureau considered Amp Me's limited ability to pay a penalty in determining the conditions of the agreement.
  • Amp Me has agreed to the following conditions:
    pay a partial penalty of $310,000 upon signing the agreement, in satisfaction of the imposed penalty of $1,500,000.

Competition Bureau obtains a court order to advance investigation into Rogers' marketing practices

Retrieved on: 
Monday, December 4, 2023
Bureau, Record, Competition Bureau, Competition Act, Telecommunications, Comwave, Federal Court of Canada, Marketing, Federal court, Mobile phone, QC

GATINEAU, QC, Dec. 4, 2023 /CNW/ - The Competition Bureau has obtained a court order to advance its investigation into certain alleged marketing practices by Rogers Communications Inc. and its subsidiary, Rogers Communications Canada Inc.

Key Points: 
  • GATINEAU, QC, Dec. 4, 2023 /CNW/ - The Competition Bureau has obtained a court order to advance its investigation into certain alleged marketing practices by Rogers Communications Inc. and its subsidiary, Rogers Communications Canada Inc.
  • The order, granted by the Federal Court of Canada requires Rogers and its subsidiary to produce records and information relevant to the Bureau's investigation.
  • The Bureau's investigation involves claims made by Rogers when promoting its Infinite wireless phone plans.
  • The Bureau is looking to determine if Rogers' marketing practices raise concerns under the civil deceptive marketing provisions of the Competition Act.

Minister Beech highlights how the Fall Economic Statement makes life more affordable for Manitoba families

Retrieved on: 
Monday, December 4, 2023
Pressure, G7, Government of Canada, OECD, International Monetary Fund, Government, Amendment, MB, Competition Act, National Citizen Service, Face, Forestry, Oil

WINNIPEG, MB, Dec. 4, 2023 /CNW/ - Today, the Honourable Terry Beech, Minister of Citizens' Services, met with community members in Winnipeg to discuss how the government's economic plan is making life more affordable for Canadians, as part of the 2023 Fall Economic Statement.

Key Points: 
  • WINNIPEG, MB, Dec. 4, 2023 /CNW/ - Today, the Honourable Terry Beech, Minister of Citizens' Services, met with community members in Winnipeg to discuss how the government's economic plan is making life more affordable for Canadians, as part of the 2023 Fall Economic Statement.
  • The government's economic plan is building a strong economy that works for everyone—with sustainable and fair consumer practices that Canadians can rely on.
  • In response, the 2023 Fall Economic Statement is focused on alleviating the higher costs.
  • – The Honourable Terry Beech, Minister of Citizens' Services
    "Our economic plan is about building a strong economy that works for everyone, and this Fall Economic Statement is the next phase of our plan.

Competition Bureau reaches agreement to protect real estate competition in the Northwest Territories

Retrieved on: 
Wednesday, November 29, 2023
Competition Tribunal, Competition Bureau, Multiple listing service, The Competition Act, 2002, Competition Act, Commissioner, Property management, Real estate, Bureau, QC

GATINEAU, QC, Nov. 29, 2023 /CNW/ - The Competition Bureau announced today that it has entered into a consent agreement with the Northwest Territories Association of Realtors (NWTAR) to address concerns with its membership practices in the real estate sector.

Key Points: 
  • GATINEAU, QC, Nov. 29, 2023 /CNW/ - The Competition Bureau announced today that it has entered into a consent agreement with the Northwest Territories Association of Realtors (NWTAR) to address concerns with its membership practices in the real estate sector.
  • The Bureau concluded that the NWTAR's conduct was contrary to the abuse of dominance provisions of the Competition Act.
  • NWTAR is a trade association that represents real estate agents and salespeople in the Northwest Territories.
  • A consent agreement has the force and effect of a court order once it is registered with the Competition Tribunal.

Hammerhead Energy Inc. Announces Record Financial and Operating Results for Third Quarter 2023 and a Corporate Transaction

Retrieved on: 
Monday, November 6, 2023
Transfer, Financial Competitive Act of 2013, Computershare, Capital, Stanfield, Model Business Corporation Act, Competition Act, NYSE, Meeting, CPG, International, KARR, EBITDA, Montney, British Columbia, Corporation, Transport, GAAP, International Financial Reporting Standards, Exercise, Transaction, Redemption, Growth, Risk management, Capital expenditure, AECO, Investment, Gas, TSX, Natural gas, Crescent Point Energy, Oil, Airline, Security (finance), Bank, Financial services, Hammerhead

CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS ; NASDAQ: HHRS) is pleased to announce record financial and operating results for the third quarter of 2023.

Key Points: 
  • CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. (“Hammerhead” or the “Company”) (TSX: HHRS ; NASDAQ: HHRS) is pleased to announce record financial and operating results for the third quarter of 2023.
  • During the third quarter, Hammerhead delivered record production, where the rate of oil growth continued to outpace the rate of corporate production growth.
  • Hammerhead will seek approval of the Transaction by its shareholders at a special meeting expected to be held in late December 2023 (the "Meeting").
  • On the back of strong operational results, the Company generated free funds flow7 of $31.8 million during the quarter.

Hammerhead Energy Inc. Enters into Agreement to be Acquired by Crescent Point Energy Corp.

Retrieved on: 
Monday, November 6, 2023
Financial Competitive Act of 2013, Arrangement, Competition Act, Fairness, CIBC, NYSE, CPG, Schonfeld Strategic Advisors, Model Business Corporation Act, Fairness opinion, Acquisition, Financial adviser, Committee, Purchasing, Transaction, Blake, Cassels & Graydon, Peters, Growth, LLP, Special, Stifel, Vinson & Elkins, Riverstone Holdings, Crescent, TSX, Crescent Point Energy, Security (finance), Audit, Hammerhead, Riverstone

CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. ("Hammerhead") (TSX: HHRS ; NASDAQ: HHRS) is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with Crescent Point Energy Corp. (“Crescent Point”) (TSX: CPG ; NYSE: CPG) pursuant to which Crescent Point has agreed to acquire all of the issued and outstanding Class A common shares of Hammerhead ("Hammerhead Shares") for total consideration of C$21.00 per Hammerhead Share (the "Purchase Price").

Key Points: 
  • CALGARY, Alberta, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Hammerhead Energy Inc. ("Hammerhead") (TSX: HHRS ; NASDAQ: HHRS) is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with Crescent Point Energy Corp. (“Crescent Point”) (TSX: CPG ; NYSE: CPG) pursuant to which Crescent Point has agreed to acquire all of the issued and outstanding Class A common shares of Hammerhead ("Hammerhead Shares") for total consideration of C$21.00 per Hammerhead Share (the "Purchase Price").
  • The delivery of superior operational and financial results for all shareholders is a testament to our management team partners and all Hammerhead employees.”
    Attractive Value for Hammerhead Shareholders.
  • Hammerhead has also granted Crescent Point a right-to-match any superior proposal and will pay a termination fee of C$85 million to Crescent Point if the Arrangement Agreement is terminated in certain circumstances.
  • Crescent Point has also agreed to pay a termination fee of C$85 million to Hammerhead if the Arrangement Agreement is terminated in certain circumstances.

Organigram Announces C$124.6 Million Investment from BAT and Creation of “Jupiter” Strategic Investment Pool

Retrieved on: 
Monday, November 6, 2023
Cannabis, Natural Resources, Other Retail, Retail, Specialty, The Competition Act, 2002, Competition Act, NYSE, Development, Multilateral, Minority, BAT, Investment, MI, EBITDA, IRA, Acquisition, Multimedia, Growth, Indian stock exchange, PDC, Partnership, LSE, Emulsion, BTI, Edible, OGI, THCV, Calendar, TSX, Renewable energy, Drug, Security (finance), Organizational chart

In addition, this deepens the strategic partnership between Organigram and BAT, and we look forward to continuing to leverage BAT’s global capabilities and scientific expertise,” said Beena Goldenberg, CEO of Organigram.

Key Points: 
  • In addition, this deepens the strategic partnership between Organigram and BAT, and we look forward to continuing to leverage BAT’s global capabilities and scientific expertise,” said Beena Goldenberg, CEO of Organigram.
  • Through this investment, Organigram aims to capitalize on its state-of-the-art facilities, support further workstreams in R&D and product development and deliver impactful product launches.
  • The majority of the C$124.6 million investment will be used by Organigram to create a strategic investment pool, named Jupiter.
  • Additional information regarding the Investment will be included in a material change report to be filed by Organigram on www.sedarplus.ca .

Two individuals charged with conspiracy to rig bids for public road work on Highway 50 in Outaouais

Retrieved on: 
Tuesday, October 24, 2023
Public Prosecution Service of Canada, PPSC, Competition Act, Sales, Gatineau, Transports, Court, Bureau, Competition Bureau, Competition, The Criminal Code, Public, Criminal code, Auction, QC

The charges were laid under the bid-rigging provisions of the Competition Act and the conspiracy provisions of the Criminal Code.

Key Points: 
  • The charges were laid under the bid-rigging provisions of the Competition Act and the conspiracy provisions of the Criminal Code.
  • When individuals conspire to rig bids for public contracts, it is taxpayers who pay the price.
  • When the Competition Bureau finds evidence of a criminal offence , it refers the matter to the Public Prosecution Service of Canada (PPSC).
  • If you believe that you have been a victim of bid-rigging, or if you have information about a bid-rigging scheme, contact the Competition Bureau .