Great FESpectations: Further Changes To Canadian Competition Law Ahead

Canada's Minister of Finance, Chrystia Freeland, delivered the federal government's Fall Economic Statement (FES) on November 21, 2023, in which she announced the government's intention to introduce "generational changes to competition law in Canada," which will "help stabilize prices and provide more choice for Canadians." The FES states that the proposed changes will "help bring Canada into alignment with international best practices to ensure that our marketplaces promote fairness, affordability, and innovation."

According to the FES, the government will propose amendments to the Competition Act to:

• "Strengthen the tools and powers available to the Competition Bureau to enable it to crack down on abuses of dominance by bigger companies, such as predatory pricing;