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- The title may give people the wrong idea; Bill C-56 won’t directly lower grocery bills. As Commissioner of Competition Matthew Boswell said to the Senate committee, the reform aims to make the economy more competitive. While competitive markets should lead to lower prices, it’s neither automatic nor immediate.
theconversation.com/canadas-competition-laws-just-changed-heres-what-you-need-to-know-220020Canada’s competition laws just changed: Here’s what you need ...
The measures focus on the rising grocery prices across Canada and the lack of affordable housing. This bulletin addresses the statement regarding proposed amendments to the Competition Act that will have much broader implications than with respect to just groceries. Proposed 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.
Oct 12, 2023 · Groups representing independent grocers and suppliers are saluting proposed changes to Canada’s Competition Act. Organizations say the amendments could level the playing field for small retailers by subjecting mergers and acquisitions in the grocery industry to more scrutiny.
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.
- Modernizing Competition Law
- Consultation Purpose
- Report
- Next Steps
Several amendments to the Act, introduced in the Budget Implementation Act, 2022, No 1, came into force with royal assent in June 2022, as a first step to modernizing the Competition Act. Now, the Government of Canada is undertaking further consultation to canvass Canadians for their views on the future of the Act and its enforcement, potentially l...
The Government of Canada welcomes your perspective and comments on a wide range of issues, including how to ensure the law and its provisions remain effective in serving our national interest, and how to improve or protect competition in emerging data and digital markets. These ideas are outlined in: 1. the consultation scene setter, entitled Makin...
The Government released a report that summarizes the feedback received and raises some considerations around what was heard from stakeholders. 1. Future of Canada’s Competition Policy Consultation – What We Heard Report
On September 14, 2023, the Government announcedthat it intends to introduce a first set of legislative amendments to the Competition Act to: 1. provide the Competition Bureau with powers to compel the production of information to conduct effective and complete market studies; 2. remove the efficiencies defence, which currently allows anti-competiti...
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.
People also ask
Does Canada need more grocery competition?
What changes have been made to Canada's Competition Act?
Can a competitor control the price of a product?
Is excessive pricing anti-competitive in Canada?
When will Canada's Competition Act be amended?
When will the Competition Act be modernized?
Dec 6, 2023 · The government announced significant additional amendments to Canada’s Competition Act in late November 2023, building on those already under consideration by Parliament in Bill C-56 and others enacted in 2022.
