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ARTICLE · 14 OCTOBER 2016

Canada's Competition Commissioner Emphasizes Innovation, Highlights Fintech Market Study

McCarthy Tétrault
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Canada's Commissioner of Competition, John Pecman, addressed the link between competition and innovation and provided updates on the Fintech market study launched by the Competition Bureau earlier this year.

CanadaTechnology
Dan Doliner
Dan Doliner
David Badour
David Badour
Kirsten Thompson
Kirsten Thompson
Donald Houston
Donald Houston
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Canada's Commissioner of Competition, John Pecman, spoke on October 6th, 2016 to the Canadian Bar Association's Competition Law Fall Conference, addressing the link between competition and innovation and providing updates on the Fintech market study launched by the Competition Bureau earlier this year.

Competition Drives Innovation

The Commissioner noted that new disruptive technologies challenge not only traditional business but also regulators. Governments and regulatory bodies across Canada are developing strategies to support such innovation (see our recent post on related initiatives by the OSC).

"Competitive intensity fosters innovation", noted the Commissioner. He remarked that competition pushes business to develop better products and services, production techniques and business models and that the Competition Bureau promotes "competitive intensity" through its efforts to increase compliance with the law and by advocating for a pro‑competitive approach

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