OTTAWA, March 16, 2016 /CNW Telbec/ - Combatting cartels is one of the most important jobs for the Competition Bureau and competition authorities worldwide. A cartel is born when businesses agree to act together instead of competing with each other, all the while maintaining the illusion of competition.
For the 3rd edition of Anti-Cartel Day, the Bureau, in collaboration with the Canadian Chamber of Commerce, invited its partners to take part in a panel discussion on cartels. The goal of the discussion is to explain that cartels exist in Canada—and we are not just talking illicit drugs. John Pecman, Commissioner of Competition, will deliver the opening remarks.
The goal of the panel discussion is to help businesses and consumers better understand how cartels work, but most importantly how to recognize them, reject them and report them.
Members of the panel include:
- Mr. Matthew Boswell, Senior Deputy Commissioner, Cartels and Deceptive Marketing Practices Branch, Competition Bureau
- Mr. Warren Everson, Senior Vice President, Policy, Canadian Chamber of Commerce
- Mr. Tom Whittaker, Detective Staff Sergeant, Anti-Racket Branch, Ontario Provincial Police
- Mr. Michel Pelletier, Director of Operations, Unité anti-corruption
- Cartels may take shape in various ways. They may be informal or highly structured, anything from an informal discussion at a café to highly organized associations with exclusive memberships. They can be local, national or international in scope.
- The most common forms of cartel conduct are:
- Rigging bids
- Fixing prices
- Sharing markets
- Limiting supply
- Cartels are illegal because they can lead to higher prices, decreased product choice and less innovation. They syphon off billions of dollars from the global economy each year.
- The panel discussion is being held from 10 a.m. to 12 p.m. at the Videotron studio, 25 Laurier Street, Gatineau, Qc and will be broadcast live on cable channel 9 in Gatineau.
"Cartels not only cheat businesses and consumers, they also destroy innovation and competition, and the marketplace suffers. Tangible results can be achieved when law enforcement and our other partners work together to defeat them."
Commissioner of Competition
The Competition Bureau, as an independent law enforcement agency, ensures that Canadian businesses and consumers prosper in a competitive and innovative marketplace.
SOURCE Competition Bureau
For further information: For media enquiries, please contact: Media Relations, Telephone: 819-994-5945, Email: email@example.com; For general enquiries, please contact: Information Centre, Competition Bureau, Telephone: 819-997-4282, Toll free: 1-800-348-5358, TTY (hearing impaired): 1-800-642-3844