CANADA INQUIRY
August 1st, 2004
BY MONICA DOBIECONCERNS that rising Canadian car and property insurance premiums could have been caused by companies abusing dominant positions in particular provinces have been dismissed by a report from the country's federal Competition Bureau.Its review was launched in March 2004, after six federal MPs formally complained that insurers were not providing Canadians with reasonable and competitive insurance rates.But the bureau has given the industry a clean bill of health, supporting the existing system where all provinces regulate the prices of compulsory car ...
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