Firms fined for paper price fixing.Cascades Fine Papers Group Inc., Domtar Inc., and Unisource Canada Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of Inc. were sentenced with record fines of $37.5 million for their part in contributing to price fixing price fixing n. a criminal violation of federal anti-trust statutes, in which several competing businesses reach a secret agreement (conspiracy) to set prices for their products to prevent real competition and keep the public from benefiting from price competition. sales of carbonless sheets in Ontario Ontario, city, United States Ontario, city (1990 pop. 133,179), San Bernardino co., S Calif., near Los Angeles, in a region of vineyards; inc. 1891. and Quebec. Each of the three companies pleaded guilty in the Ontario Superior Court to two counts of conspiring to lessen less·en v. less·ened, less·en·ing, less·ens v.tr. 1. To make less; reduce. 2. Archaic To make little of; belittle. v.intr. To become less; decrease. competition, contrary to Section 45 of the Competition Act, the Competition Bureau announced. Domtar, Cascades and Unisource were sentenced to record fines of $12.5 million each and key persons involved in the conspiracy were removed from their positions in the paper merchant business. Each company will pay the maximum $10 million fine for their behaviour in Ontario and $2.5 million for their activity in Quebec. Findings revealed companies conspired to avoid competing with one another in the carbonless sheets market in Ontario from 1999 to Sept. 2000 and during 2000 in Quebec. |
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