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ARTICLE · 06 JULY 2008

Canada’s Competition Policy Review Panel Recommends Major Changes

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On June 26, the Competition Policy Review Panel released its recommendations to reduce restrictions on foreign investment, align the Canadian antitrust regime with that of the United States and increase the competitiveness of Canadian business.

CanadaAntitrust/Competition Law
Omar Wakil
Omar Wakil
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On June 26, the Competition Policy Review Panel released its recommendations to reduce restrictions on foreign investment, align the Canadian antitrust regime with that of the United States and increase the competitiveness of Canadian business. Although the overall objectives of the report are commendable, some of the specific recommendations for legislative changes are of questionable merit and unlikely to be implemented over the short term.

The government-commissioned panel focused on two key Canadian statutes – the Competition Act and the Investment Canada Act – and also examined sectoral restrictions on direct foreign investment and recommended other policy initiatives to encourage investment and competitiveness.

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