Competition Bureau Canada
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:
- Create a framework for market studies with information gathering powers;
- Repeal the efficiencies defence for anti-competitive mergers and business collaborations;
- Simplify the legal test for abuse of dominance and increase the maximum penalties available; and,
- Expand the scope of the law to restrict more anti-competitive business collaborations.
The amendments come into effect immediately, with the exception of the changes impacting anti-competitive business collaborations (section 90.1). The changes to this section will come into effect next year on December 15, 2024. This will allow businesses time to ensure they are in compliance with the law.
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