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Jun 25, 2024 · June 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. This guide provides an overview of the most important ...
- Significant changes to strengthen the Competition Act become law
On June 20, 2024, important changes to the Competition Act...
- Changes to the Provisions on Mergers and Restrictive Trade ...
The June 2024 amendments made important changes to the Act...
- Significant changes to strengthen the Competition Act become law
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. 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.
Nov 7, 2024 · The June 2024 amendments made important changes to the Act to better address mergers that would significantly increase concentration or market share. The law now reflects that mergers involving large players in highly concentrated markets are likely to harm competition substantially, unless there is evidence that proves otherwise.
Jun 21, 2024 · June 21, 2024. On June 20, 2024, Bill C-59[1] received royal assent and has become law, just one day after it completed its third and final reading in the Senate. With its passage, Bill C-59 implements a number of important amendments into the Competition Act (the “ Act ”) that will have a significant impact on Canada’s business environment.
Jun 28, 2024 · The principal civil provision of the Competition Act — abuse of a dominant position — has been amended such that an abuse of dominance is now easier to establish. Notably, a prohibition order (though not structural remedies or monetary penalties) can now be made against a dominant firm (or firms that are found to be jointly dominant) based on a finding of only one of anti-competitive ...
Dec 18, 2023 · 6. Aside from abuse of dominance, what other changes have been made to Bill C-56 since it was introduced in September? Bill C-56 previously provided that only the Minister of Innovation, Science and Industry (the Minister) may direct the Commissioner to commence a market study if the Minister is of the view that it is in the public interest.
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Jul 4, 2024 · In the last two years, most recently June 20, 2024, significant and substantial changes have been made to the Competition Act (Canada) (Act) pursuant to An Act to implement certain provisions of the budget tabled in Parliament on April 7, 2022 and other measures (Bill C-19), which received Royal Assent on June 23, 2022, An Act to amend the Excise Tax Act and the Competition Act (Bill C-56 ...
