BUSINESS

Michaels Of Canada Fined $3.5 Million After Competition Bureau Investigation

05/06/2015 12:52 EDT | Updated 05/06/2016 05:59 EDT
LUKE FRAZZA via Getty Images
ASPEN HILL, UNITED STATES: Jane Cherny walks out of the Michaels Crafts store in Aspen Hill, Maryland, the site of the first shooting in the series of sniper shootings, 25 October 2002, as the Washington, DC, area begins to return to normal. Schools let children play outside for the first time since the sniper killings started 02 October, leaving 10 dead and three wounded as prosecutors prepare to charge the two men arrested 24 October in connection with the crimes. John Allen Muhammad, a 41-year-old Gulf War veteran, and John Lee Malvo, 17, a Jamaican, were caught after one of the most complex hunts in US history. AFP PHOTO Luke Frazza (Photo credit should read LUKE FRAZZA/AFP/Getty Images)
OTTAWA - Arts and crafts store Michaels of Canada has been fined $3.5 million after an investigation by the federal Competition Bureau into price advertising for custom and ready-made framing.

The competition bureau reviewed allegations that between January 2011 and December 2014, Michaels did not ensure that the frames were offered for sale in good faith before promoting them at discounts.

The bureau says Michaels co-operated in the investigation and has agreed to pay the penalty.

The federal agency says the company has also agreed to a 10-year consent agreement under which it will ensure that its price claims for all products will comply with the ordinary selling price provisions of the Competition Act.

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