Cartels exist in more than illegal industries: Competition Bureau panel

OBJ Staff
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Businesses that pretend to be in competition while really working together are hazardous to the financial landscape.

John Pecman is the Competition Bureau's commissioner of competition

That’s the message from the Competition Bureau who, along with the Canadian Chamber of Commerce, marked the third annual Anti-Cartel day Wednesday with a panel at the Videotron studio in Gatineau.

The panel, which featured senior officials from the bureau, the chamber, and law enforcement agencies, served as a reminder that cartels can exist in this country.

And they don’t necessarily have to be centred around illegal activity like the drug trade.

"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," the bureau's commissioner of competition, John Pecman, said in a statement.

The Anti-Cartel Day panel was part of the larger Fraud Prevention Month. The Competition Bureau uses these events to highlight its year-round efforts to draw Canadians’ attention to the various scams trying to infiltrate their wallets.

Organizations: Competition Bureau, Canadian Chamber of Commerce, Videotron

Geographic location: Gatineau

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