Canada’s Competition Bureau is trying to find its place in a world where other jurisdictions are using antitrust measures to combat the increasing market power of Big Tech companies, reported The Globe & Mail.
The federal government and the bureau itself both said last week that they hope to bring Canada’s competition rules in line with the realities of a digitally driven economy. Meanwhile, some of Canada’s most vocal advocates of competition policy reform released a 31,000-word study that argues the Competition Act isn’t equipped to deal with how market dominance is achieved today.
All of this aligns with the increasingly aggressive antitrust measures levelled in the United States and Europe against companies such as Facebook owner Meta Platforms, Google operator Alphabet Inc. and Amazon.com Inc.
Regulators and politicians there have argued that the consumer data collected by these companies and their enormous market capitalizations give them power to strong-arm not just markets and individual competitors, but consumers themselves.
Everyday citizens, policy makers argue, often have little choice but to use the world’s top platforms to connect with people, information and commerce, trading away data about their digital travels and reinforcing platform dominance along the way.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Turkey Fines Meta $10.4 Million for Abusing Market Dominance
May 6, 2024 by
CPI
Canadian Watchdog Launches Inquiry into Lululemon’s Greenwashing Practices
May 6, 2024 by
CPI
Massachusetts Supreme Court Deliberates Ballot Redefining Gig Worker Status
May 6, 2024 by
CPI
European Commission Approves Nippon Steel’s $14.9 Billion Buyout of U.S. Steel
May 6, 2024 by
CPI
Banco Sabadell Rejects Rival BBVA Merger Proposal
May 6, 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