Amazon to pay C$1.1 million to settle Canada pricing case

[WorldNews]

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The Canadian unit of Amazon.com will pay a C$1 million ($756,658.60) fine to settle an investigation into pricing activities on its website that gave an inaccurate view of how much consumers could save, Canada's competition watchdog said on Wednesday. After a two-year investigation, the Competition Bureau found that Amazon's practice of comparing its prices to regular prices on its Canadian site gave consumers the impression that the website was selling items at a price lower than the general market. The Competition Bureau said Amazon relied on its suppliers to provide list prices without verifying their accuracy and advertised the savings on its site and in other places.

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