Search results
Competition can improve productivity in three ways: Efficient use of resources: firms facing intense competitive pressure are likely to use their labour and resources more efficiently than those facing slack competition; Innovation: competition encourages firms to innovate and invest in new products and processes to gain a competitive edge on ...
- Important amendments to the Competition Act come into effect
Competition Bureau will host public information sessions and...
- Important amendments to modernize the Competition ... - Canada
On December 15, 2023, important amendments to the...
- Important amendments to the Competition Act come into effect
Oct 4, 2024 · 1. Mergers. The Competition Act defines a merger as the acquisition or establishment - whether by purchase or lease of shares or assets, or by amalgamation, combination or otherwise - of control over or a significant interest in all or part of a business. The Bureau has adopted an expansive interpretation of this definition.
- 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 25, 2024 · Our group has significant experience advising clients on all aspects of Canadian competition law. The information and guidance provided in this blog post does not constitute legal advice and should not be relied on as such. If legal advice is required, please contact a member Fasken’s Competition, Marketing & Foreign Investment group.
Dec 18, 2023 · On December 15, 2023, important amendments to the Competition Act became law, strengthening the Competition Bureau’s ability to promote competition and to prevent anti-competitive mergers and conduct. Notably, these amendments: Expand the scope of the law to restrict more anti-competitive business collaborations.
Jun 28, 2024 · The amended Canadian Competition Act. This update is part of Osler’s guide to the amended Competition Act, which canvasses the significant modernization of Canada’s antitrust law that has transpired following a series of high-profile amendments, culminating in Bill C-59’s royal assent. We invite you to explore our in-depth, multi-part ...
People also ask
Why is the Competition Act important?
Why are Canada's Competition Act Amendments coming into effect?
What is competition law in Canada?
Why do Canada's competition laws matter?
Who is responsible for enforcing the Competition Act of Canada?
What are the new changes to the Competition Act?
Nov 25, 2020 · Businesses with fewer than 100 employees account for over 40% of Canada’s private-sector employment, and over 99% of firms in Canada have under 250 employees. These firms are the engine that drive competition in much of Canada’s economy. Through their entry and expansion, they challenge established incumbents, and disrupt entire industries.
