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Jun 25, 2024 · On June 20, 2024, important changes to the Competition Act became law that strengthen the Competition Bureau’s ability to protect competition and prevent anti-competitive mergers and conduct.
- Guide to the June 2024 amendments to the Competition Act
Important amendments to the Competition Act became law on...
- Implementing changes to the Competition Act
The Government of Canada has recently made a series of...
- Important amendments to the Competition Act come into effect
Important amendments to the Competition Act became law on...
- Guide to the June 2024 amendments to the Competition Act
Jun 25, 2024 · Important amendments to the Competition Act became law on June 20, 2024, following Royal Assent of Bill C- 59, the Fall Economic Statement Implementation Act, 2023. The Government of Canada has made these changes as a part of its modernization of Canada’s competition regime.
Jun 21, 2024 · The amendments have implemented a new remedial standard for mergers, allowing the Tribunal to make orders requiring the party to restore competition to the pre-merger level, thereby expanding the scope of the Tribunal’s remedial powers.
The Government of Canada has recently made a series of important changes to the Competition Act. These changes give us stronger tools to take enforcement action and promote competition -- so that all Canadians can benefit from lower prices, better services, and more choice.
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Important amendments to modernize the Competition Act receive Royal Assent December 18, 2023 – GATINEAU (Québec), Competition Bureau
December 18, 2023 – GATINEAU (Québec), Competition Bureau
On December 15, 2023, important amendments to the Competition Act became law, strengthening the Competition Bureau’s ability to promote competition and to prevent anti-competitive mergers and conduct.
Notably, these amendments:
•Create a framework for market studies with information gathering powers;
•Repeal the efficiencies defence for anti-competitive mergers and business collaborations;
“These amendments are a key step in modernizing Canada’s competition law and give the Bureau more effective tools to protect and promote competition in Canada. A modern Competition Act is fundamental to driving lower prices and innovation while fueling economic growth. A more competitive economy will benefit all Canadians – by offering more choice and greater affordability for consumers and businesses.”
Matthew Boswell,
•The amendments to the Competition Act are part of the Government of Canada’s An Act to amend the Excise Tax Act and the Competition Act (Bill C-56), which was enacted on December 15, 2023.
The Competition Bureau provided a submission in response to the Government of Canada’s consultation on the future of competition policy in Canada in March 2023. The submission included over 50 recommendations to help modernize and strengthen Canada’s Competition Act.
•Guide to the December 2023 amendments to the Competition Act
Dec 18, 2023 · The new changes, which take effect immediately, expand the abuse of dominance provisions further, importing legal concepts into the Act that are not defined in the legislation and have not yet been interpreted by Canadian jurisprudence. This creates significant uncertainty for businesses in Canada.
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Jun 24, 2022 · Important amendments to the Competition Act became law on June 23, 2022, strengthening the Competition Bureau’s ability to protect Canadian consumers, businesses and workers from anti-competitive conduct. Notably, these amendments: increase maximum fines and penalties for those who break the law;
