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Unlikely
- In the short term, probably not much. These amendments are unlikely to reduce retail grocery prices or increase competition.
canadiangrocer.com/amendments-competition-act-implications-grocery-sector
However, the Competition Act contains provisions against firms entering into agreements that substantially prevent or lessen competition in a market or are likely to do so. For example, an anti-competitive agreement could enable the parties involved to charge higher prices or hinder the development of future competition.
May 29, 2024 · In September 2023, the government proposed the Affordable Housing and Groceries Act (“ Bill C-56 ”), which includes amendments to the Competition Act. It received royal assent and will come into effect on December 15, 2024.
Dec 20, 2023 · From the Rogers-Shaw merger to the concentrated grocery sector and record fines for bread price-fixing, just about everyone agrees it’s time to improve our competition law. The wait is over.
- Jennifer Quaid
The Bureau’s report concluded that property controls can limit competition from new grocers and therefore deny consumers from the benefits of lower prices, greater choice, and increased levels of innovation.
Dec 4, 2023 · Industry Minister Francois-Philippe Champagne announced this fall that Canada's major grocers — Loblaws, Metro, Empire, Walmart and Costco — had shared plans to tackle rising prices that included...
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.
People also ask
How does the Competition Act protect Canadians from mergers and restrictive trade practices?
Are anti-competitive agreements a threat to competition?
Can a competitor control the price of a product?
When will the Competition Act be modernized?
When was the mergers and Restrictive Trade Practices Act amended?
Should the Competition Act remove the efficiencies defence in merger reviews?
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 ...
