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ARTICLE · 10 FEBRUARY 2022

Upcoming Review Of The Competition Act And Other Developments

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Canada's Minister of Innovation, Science and Economic Development ("ISED"), Francois-Philippe Champagne, made two important announcements on Monday morning in an exclusive interview...

CanadaAntitrust/Competition Law
Antonio Di Domenico
Antonio Di Domenico
Chris Margison
Chris Margison
Justine Reisler
Justine Reisler
Rachel Wong
Rachel Wong
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Canada's Minister of Innovation, Science and Economic Development (“ISED”), Francois-Philippe Champagne, made two important announcements on Monday morning in an exclusive interview with  Toronto Star business reporter, Christine Dobby, and in a subsequent  press release: (1) the Government of Canada (the “Government”) will engage in a broad review of the Competition Act (the “Act”) with a view to promoting dynamic and fair markets, and (2) the $93 million transaction-size threshold for pre-merger notification will not be increased this year – an unusual development following a year of GDP growth.

Competition Law Review

Minister Champagne announced that the Government will engage in a review of Canada's competition laws with a view to promoting dynamic and fair markets. It is expected that the review will lead to a variety of amendments, as discussed in more detail below. Minister Champagne has signalled that the review may take place in two stages. The first

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