Canada has announced the launch of the review of the Competition Act, which “is a critical step in achieving our government’s commitment to improve competition and affordability for Canadians,” Minister Champagne said.
The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, made the following statement:
“Canada, like other countries, is facing record high inflation, and we must do everything we can to make life more affordable for Canadians.
Read more: Rogers, Shaw Looks To Mediate Merger With Canada’s Competition Bureau
“Earlier this year, I announced my intention to carefully evaluate ways to improve and reinforce the Competition Act. The first step in modernizing the Competition Act was to make the targeted improvements announced in Budget 2022. These changes addressed shortcomings in the Act and have brought Canada more in line with international best practices, including by increasing penalties for companies that contravene the Act.
“Today, with the launch of the review of the Act, I am seeking Canadians’ views on broader changes to it and its enforcement framework, including changes that will help the Competition Bureau better protect consumers and the integrity of the marketplace.
Featured News
Colorado Senate Rejects Bill Barring Rent-Setting Algorithms
May 2, 2024 by
CPI
Bayer Faces US Antitrust Suit Over Pet Meds Competition
May 2, 2024 by
CPI
Landmark Monopoly Trial Between DOJ and Google Wraps Up
May 2, 2024 by
CPI
Lawmaker Probes FTC and EU’s Role in Amazon’s Failed iRobot Acquisition
May 2, 2024 by
CPI
FTC to Approve Exxon’s $64 Billion Deal with Pioneer Resources
May 1, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI