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ARTICLE · 02 JULY 2024

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The Amended Canadian Competition Act: What Businesses Need To Know

Following a series of high-profile amendments aimed at strengthening Canada's competition law regime culminating in royal assent for Bill C-59 on June 20, 2024...

CanadaAntitrust/Competition Law

Following a series of high-profile amendments aimed at strengthening Canada's competition law regime culminating in royal assent for Bill C-59 on June 20, 2024, the legislative framework governing competition law and the conduct of businesses in Canada as set out in the Competition Act has changed substantially. The amendments to the Competition Act are broad in scope and materially increase the potential exposure of businesses in Canada to enforcement activity, as well as financial penalties, litigation, and monetary claims from private parties. Businesses operating in Canada are advised to consider their market strategies and conduct carefully in light of the amendments and to assess whether adjustments are needed to reflect the new grounds for enforcement, legal standards and potential exposure.

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