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The Government is now seeking feedback on Canada's competition law and policy framework. The Government aims to ensure that the regime remains fit for purpose, able to stand up to the new challenges brought about by a changing and more digital economy. II. Context. The Act is one of a number of federal economic framework laws of general ...
- Competition policy - Canada
Competition policy is the responsibility of the Corporate,...
- Government of Canada publishes What We Heard Report on the ...
“A more effective and modern competition framework can lead...
- Competition and Compliance Framework
The Bureau also participates in international organizations...
- A whole-of-government approach to promoting competition - Canada
A “whole-of-government approach” is one where governments,...
- Competition policy - Canada
Competition policy is the responsibility of the Corporate, Insolvency and Competition Policy Directorate, which is part of the Marketplace Framework Policy Branch. Competition policy involves ongoing review and development of domestic policies and international trade agreements to encourage competition while promoting efficiency of the Canadian ...
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Effective and up-to-date competition law and enforcement are necessary to promote a competitive marketplace that favours prosperity and affordability for Canadians. To ensure that Canada’s competition law remains fit for the modern economy and can continue to promote dynamic and fair markets for Canadians, the Government of Canada has undertaken a comprehensive review.
Feedback will help improve the overall state of competition in Canada
September 20, 2023 – Ottawa, Ontario
Effective and up-to-date competition law and enforcement are necessary to promote a competitive marketplace that favours prosperity and affordability for Canadians. To ensure that Canada’s competition law remains fit for the modern economy and can continue to promote dynamic and fair markets for Canadians, the Government of Canada has undertaken a comprehensive review.
Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, announced that the Government of Canada has released its What We Heard Report on the Future of Canada’s Competition Policy Consultation , a summary of what the government heard through broad, public consultation with stakeholders and citizens. This report reflects on key points that have helped inform the government’s next steps, including the amendments to the Competition Act that were prioritized to address the grocery sector.
The consultation looked at ways to improve the legislative requirements, enforcement methods and corrective measures set out in the Competition Act and sought feedback on whether changes are required to protect competition in digital and data-driven markets.
“A more effective and modern competition framework can lead to lower prices for consumers. Over the past year, we have been consulting widely on the future of Canada’s competition law. We have heard a lot of ideas on how to foster more competition, make our economy more dynamic and advance the interests of Canadians. Today, we are releasing the What We Heard Report on the Future of Canada’s Competition Policy Consultation. In addition to taking immediate legislative actions, we will continue to undertake a comprehensive review of our competition law and policy framework. We will continue to work day in and day out to bring more relief to Canadians and make life more affordable.”
– The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry
•The Consultation on the Future of Competition Policy in Canada garnered significant interest, receiving over 130 submissions from identified stakeholders, as well as more than 400 responses from members of the general public. These submissions raised over 100 potential reform proposals.
Several amendments to the Competition Act, including ones on price-fixing, were introduced in the Budget Implementation Act, 2022, No 1 as a first step in modernizing the Competition Act. They came into force when the Implementation Act received royal assent in June 2022.
The six-resident process has been maintained through subsequent structural and institutional reforms of Canada’s competition law framework and no longer serves the same purpose. Moreover, the Bureau has found that most Canadians do not actually use this mechanism and that it is increasingly being used strategically by competitors or sophisticated parties.
The Bureau also participates in international organizations that promote convergence in competition law and policy (e.g., the Organisation for Economic Cooperation and Development, the International Competition Network, the International Consumer Protection and Enforcement Network, and the London Action Plan) and supports the Government of Canada in the negotiation of competition provisions in ...
Oct 5, 2023 · A “whole-of-government approach” is one where governments, at all levels, know the far-reaching impacts of competition and tailor their policies and regulations to maximize the benefits of strong competition. This Summit occurs during an exciting time – with a lot of change in Canadian competition law and policy underway, and more changes ...
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Publication information / bibliographic Record. The future of competition policy in Canada.: Iu173-40/2022E-PDF "With the last comprehensive review of the Competition Act in 2007-08, there have been increasing calls to revisit the way this law operates, and how the Government can better protect markets that benefit Canada's economy and its participants.
