Le Lézard
Classified in: Sports and recreation
Subjects: LAW, CFG

Competition Bureau seeks to protect the integrity of contracts leading up to the FIFA World Cup 26


The World Cup is expected to generate a high number of business contracts in Toronto and Vancouver

GATINEAU, QC, March 22, 2024 /CNW/ - The Competition Bureau has launched a new reporting tool to help the public and business community report potential collusive agreements between competitors related to the FIFA World Cup 26. The new tool will help the Bureau identify this type of illegal agreement between competitors bidding on contracts linked to the 2026 tournament, which Canada will jointly host with the United States and Mexico.

The Bureau urges anyone with information regarding bidders who are entering into collusive agreements, to win contracts linked to the World Cup, to report it using the reporting tool.

Collusion undermines fair competition, threatens the integrity of markets and increases the cost and risk of doing business.

Collusion can take many forms, such as competitors agreeing to:

To proactively deter and detect collusion, the Competition Bureau is working with the host cities of Toronto and Vancouver, and recognizes their commitment to fair and transparent public procurement processes while entering into contracts for the World Cup.

Quotes

"The Bureau will do everything in its power to prevent Canada's host cities and taxpayers from falling victim to unscrupulous business conduct. We are determined to pursue those who seek to unjustly profit from contracts related to the World Cup."

Matthew Boswell,
Commissioner of Competition

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The Competition Bureau is an independent law enforcement agency that protects and promotes competition for the benefit of Canadian consumers and businesses. Competition drives lower prices and innovation while fueling economic growth.

SOURCE Competition Bureau


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