Amendments to Canada's Competition Act Give Authorities More Teeth
The latest changes included in an omnibus bill involved no public consultation, but a second round of changes to the act should reflect wider input.
July 12, 2022 at 02:40 PM
4 minute read
The Canadian government has unilaterally amended the Competition Act with a number of welcome pro-enforcement changes, but competition lawyers are looking forward to a promised second round of amendments that will involve more public input.
Round one of the amendments, which came into force late last month, was part of a larger budget bill and included no input from lawyers or other stakeholders. Omar Wakil, co-chair of the competition and foreign investment review practice at Canadian firm Torys, called the first phase a "down payment" on what's to come, although he added that the changes are "significant and meaningful."
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