Search results
- Effective merger control is essential for Canadians to receive the benefits of a competitive marketplace. Anti-competitive mergers can lead to real harm in the economy, including higher prices, fewer choices, and lower levels of innovation. The Competition Act includes provisions to address anti-competitive mergers.
competition-bureau.canada.ca/how-we-foster-competition/education-and-outreach/guide-june-2024-amendments-competition-act
Jun 25, 2024 · The amendments to the Competition Act make important changes that allow the Competition Bureau to address anti-competitive mergers more effectively. This includes: Creating a presumption that a merger is anti-competitive if it significantly increases concentration or market share.
- Important amendments to the Competition Act come into effect
Important amendments to the Competition Act became law on...
- Significant changes to strengthen the Competition Act become law
These changes strengthen provisions related to merger...
- Important amendments to the Competition Act come into effect
Nov 7, 2024 · 1.1 The purpose of this document. The Competition Act (the Act) has various provisions to protect Canadians from mergers and restrictive trade practices that harm competition among firms. The Act was amended on December 15, 2023, and June 20, 2024. These amendments made changes to the provisions around mergers and restrictive trade practices ...
- News release
- Quotes
- Quick facts
- Related products
Important amendments to the Competition Act became law today, strengthening the Competition Bureau’s ability to protect Canadian consumers, businesses and workers from anti-competitive conduct.
June 24, 2022 – GATINEAU, QC – Competition Bureau
Competition Bureau will host public information sessions and publish updated guidance for businesses
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;
"The amendments coming into effect are an important step in modernizing Canada’s competition law and building a more competitive Canadian economy. The Competition Act applies to all businesses operating in Canada. Going forward, the Competition Bureau will ensure businesses have clarity on how to comply with the law, and predictability with respect to the Bureau’s enforcement of the new provisions."
Matthew Boswell
•The amendments to the Competition Act are part of the Government of Canada’s Budget Implementation Act, 2022 (Bill C-19), which was enacted on June 23, 2022.
The Competition Bureau will actively participate in the Government of Canada’s ongoing review of the Competition Act to further modernize and improve its operation, to the benefit of all Canadians.
•Guide to the 2022 amendments to the Competition Act
Jun 28, 2024 · The amendments to the Competition Act are broad in scope and materially increase the potential exposure of businesses in Canada to enforcement activity, as well as financial penalties, litigation, and monetary claims from private parties.
Oct 4, 2024 · Competition law in Canada is set out in a single federal statute, the Competition Act. Related regulations, guidelines, interpretation bulletins and case law all provide guidance on how the Competition Act is administered and enforced.
Jun 25, 2024 · These changes strengthen provisions related to merger control, deceptive marketing practices, anti-competitive agreements, and harm to competition where a business refuses to deal with another business. They also expand private access to the Competition Tribunal.
People also ask
Why is the Competition Act important?
How does the Competition Act protect Canadians from mergers and restrictive trade practices?
What are the new changes to the Competition Act?
Does the Competition Act cover anti-competitive mergers?
What is competition law in Canada?
What are the changes to the Competition Act 2022?
Dec 18, 2023 · When first tabled in September 2023, Bill C-56 proposed to amend the Competition Act (the Act) to introduce a formal market studies power, expand the civil collaborations provision to include vertical agreements and repeal the efficiencies defence for mergers.
