Amazon to pay C$1.1 million to settle Canada pricing case
The Canadian unit of Amazon.com (AMZN.O) 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.Amazon has already made changes to the way it advertises regular
prices on its Canadian website to more accurately show potential savings, the
watchdog said.In addition to the penalty, Amazon will pay C$100,000 toward
the Competition Bureau's costs.Amazon officials were not immediately available for comment.(Reporting by Leah Schnurr; Editing by Andrew Hay)
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