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The first legislation in Canada dealing with competition was the Anti-Combines Act, [2] introduced in May 1889 as the first antitrust statute in the industrial world, preceding the American Sherman Antitrust Act. [3] [4] [5] The legislation prohibited conspiracies and agreements by businesses in restraint of trade. [2]
In 1950, the MacQuarrie Committee was appointed to review Canada's anti-combines policies and recommend such changes as would "make it a more effective instrument for the encouraging and safeguarding of our free economy." [2] The Act would again be revised in 1952 [7] and amended in 1969 by the Criminal Law Amendment Act, 1968–69. [3]
It is also known as antitrust law (or just antitrust [4]), anti-monopoly law, [1] and trade practices law; the act of pushing for antitrust measures or attacking monopolistic companies (known as trusts) is commonly known as trust busting. [5] The history of competition law reaches back to the Roman Empire.
WASHINGTON (Reuters) -A U.S. judge ruled on Monday that Google violated antitrust law, spending billions of dollars to create an illegal monopoly and become the world's default search engine, the ...
Google’s app store practices violate US antitrust law and the search giant has illegally operated a monopoly in Android app distribution, a federal jury said Monday evening.
The term is used directly in laws and regulations in the United States and Canada, [1] but legislation exists internationally with similar regulatory purpose under existing competition laws. It is sometimes used to refer to practices of a coercive monopoly that prices above the market rate by deliberately curtailing production. [2]
Jirat Teparaksa/Shutterstock.com. 6. De Beers. De Beers is one of the most controversial companies among the biggest monopolies of all time, which is saying something.
The bread price-fixing scandal in Canada refers to a group of competing bread producers, retailers and supermarket chains reached a secret agreement among themselves to artificially inflate the price of bread at the wholesale and retail levels from late 2001 to 2015 [1] (some sources stated that the price fixing continued into 2017 [2]).