Numerous countries around the world are currently reviewing
their competition laws and policies. This review is focussed on
both the purpose of competition law generally and whether existing
laws are "fit for purpose", particularly in the context
of today's rapidly changing and highly disruptive digital
economy. The debate around these issues has been fierce to say the
least, with some arguing that no changes are needed and others,
such as
U.S. Senator Amy Klobuchar, arguing that U.S. antitrust laws
need to be completely overhauled in order to better protect
consumers.
Canada is also considering possible amendments to the Canadian
Competition Act. In fact, on February 23, 2021, the House
of Commons Standing Committee on Industry, Science and Technology
passed a
resolution agreeing to devote "[a] minimum of four
meetings to a study on competitiveness in Canada including ...
reform of the Competition Act and any other matter
relating to competition". In this
