19:47:25 EDT Tue 21 Apr 2026
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Amazon.com CDR (CAD Hedged)
Symbol AMZN
Shares Issued 49,100,000
Close 2026-04-20 C$ 28.56
Market Cap C$ 1,402,296,000
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Globe/wire say Amazon sued by Calif. for "price fixing"

2026-04-21 08:54 ET - In the News

The Globe and Mail reports in its Tuesday edition that Amazon worked behind the scenes with merchants such as Levi Strauss to prod on-line rivals such as Home Depot, Walmart and Chewy to raise prices for consumers so it would not be undercut, California's Attorney-General said on Monday. A Reuters dispatch to The Globe says evidence detailing alleged efforts to fix prices was unsealed on Monday, as part of Attorney-General Rob Bonta's 3-1/2-year-old antitrust lawsuit against Amazon. The lawsuit also seeks to recoup what Mr. Bonta called ill-gotten profits. A trial is scheduled for Jan. 19, 2027. "Amazon is illegally working to rake in the profits by making sure consumers have nowhere else to turn to for lower prices," Mr. Bonta said in a statement. Amazon has said its agreements with merchants are legal and benefit consumers through increased product selection, appropriate stocking and competitive prices. In a statement it said, "Amazon is consistently identified as America's lowest-priced on-line retailer." The filing described Levi Strauss's alleged effort to persuade Walmart to charge $29.99 (U.S.) for Easy Khaki Classic pants after Amazon expressed "concern" with Walmart's original $25.47 (U.S.) price.

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