23:00:51 EST Fri 06 Mar 2026
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or Name
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CA



Alphabet CDR (CAD Hedged)
Symbol GOOG
Shares Issued 30,350,000
Close 2026-03-05 C$ 48.55
Market Cap C$ 1,473,492,500
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Globe/CP say Alphabet loses constitutional challenge

2026-03-06 07:41 ET - In the News

The Globe and Mail reports in its Friday edition that Alphabet's Google has suffered a setback in its fight against the country's competition watchdog. A Canadian Press dispatch to The Globe says the Competition Tribunal has dismissed a constitutional challenge from Google, which has been accused of causing harm through its hold on the on-line advertising world. Google's failed challenge took aim at a monetary penalty the company would have to pay, if the tribunal eventually sides with the Competition Bureau, which alleges the tech firm abused its dominant position in on-line advertising. The penalty the bureau is proposing would either be three times the value of the benefit derived from Google's allegedly anti-competitive practices or, "if that amount cannot be reasonably determined," 3 per cent of Google's annual worldwide gross revenues. Google said that could leave it paying up to $91-billion. Google argued the fine is so big that it would violate the company's constitutional rights because it's akin to a "true penal consequence." The Competition Bureau argued that Google's charter rights had not been breached and the tribunal has no jurisdiction to issue a fine that qualifies as a true penal consequence.

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