Algorithmic pricing is on the rise worldwide. In sectors ranging from hospitality to concert tickets to ridesharing, businesses are using algorithms to guide pricing strategies for their products or services.
Today, the Competition Bureau has published a discussion paper-Algorithmic Pricing and Competition-for public consultation.
The purpose of the consultation is to strengthen the Bureau's understanding of algorithmic pricing so it can respond swiftly and effectively to this emerging trend.
The discussion paper highlights key questions on algorithmic pricing, including:
- how it is used in Canada, and how prevalent it is
- where the data for pricing algorithms comes from
- how it could impact markets and consumers
- what challenges it presents for competition authorities
Those with experience with algorithmic pricing and its potential impacts on competition are invited to provide feedback on these issues or to bring other related issues to the Bureau's attention.
Each submission received by the Bureau will be published on its website unless the provider requests that it be kept confidential.
Feedback can be submitted until July 22:
- through our online feedback form, or
- by mail to:
Competition Promotion Branch
Competition Bureau
50 Victoria Street
Gatineau, Quebec
K1A 0C9
