Canadian Tire pleads guilty to fixing gas prices in two Ontario towns
The Canadian Press
BROCKVILLE, Ont. - Three companies have been fined for fixing the price of gasoline in Kingston and Brockville between May and November in 2007.
The Competition Bureau says Pioneer Energy, Canadian Tire Corporation (TSX:CTC-A.TO - News) and Mr. Gas pleaded guilty to the charges today.
Investigators found gas retailers or their representatives phoned each other and agreed on the price they would charge.
The companies pleaded guilty to price-fixing in Brockville court and were fined a total of $2 million.
Competition commissioner Melanie Aitken says consumers in Kingston and Brockville were denied a competitive price for gasoline as a result of criminal price-fixing.
Pioneer Energy was fined $985,000, Canadian Tire was fined $900,000 and Mr. Gas was fined $150,000.
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