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ARTICLE · 13 MARCH 2024

Seizing Control: Amendments To Canada's Merger Control Regime

McCarthy Tétrault
McCarthy Tétrault
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The Canadian Competition Act's merger provisions are set to be significantly reshaped through Bill C-56, which was enacted on December 15, 2023, and Bill C-59...

CanadaAntitrust/Competition Law
McCarthy Tetrault LLP
McCarthy Tetrault LLP
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The Canadian Competition Act's merger provisions are set to be significantly reshaped through Bill C-56, which was enacted on December 15, 2023, and Bill C-59, which is currently before Parliament. While the merger control regime has been left largely untouched for the past 15 years, the recently enacted and further proposed changes are expected to increase the number of notifiable transactions, recalibrate the substantive review framework and implement enforcement-oriented procedural changes. Taken together, the legislative changes will bring more mergers to the Competition Bureau's (the "Bureau") attention and facilitate the Bureau's ability to challenge mergers it considers anti-competitive.

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