Fwd: [ProActive Rants] Competition Bureau -is a friend and regrowing teeth

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Sieg Holle

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Dec 18, 2010, 2:15:22 PM12/18/10

to Adam Stelmaszynski, the BRANTFORD ECONOMIC INITIATIVE

high rates can be challenged - Competition Bureau a public resource ( see real estate reference )

---------- Forwarded message ----------
From: BrantKnight <sieg...@gmail.com>
Date: Sat, Dec 18, 2010 at 2:19 AM
Subject: [ProActive Rants] Competition Bureau -is a friend and regrowing teeth
To: holc...@worldchat.com

The Competition Bureau launched a legal action against Visa Canada Corp. and MasterCard International Inc. for imposing "restrictive" rules on credit cards that cost retailers about $5-billion a year in fees, some of which is passed on to their customers, regardless of how they pay, in the form of higher prices on their merchandise.

The move also highlights the bureau's new aggressiveness in pursuing complaints of anti-competitive activity. Ms. Aitken, a lawyer, became commissioner last year and has already challenged controversial practices in the wireless and real-estate industries, and recently forced the Canadian Real Estate Association to allow greater competition from companies that offer lower-cost services.

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