Review of the Competition Act
For decades, Canada has lagged behind developed and developing countries in enforcing its competition laws. Consumers see the effects daily in the form of higher prices on everything from food to utility bills. The economy as a whole suffers from below-average rates of entrepreneurship as dominant companies quickly drive innovative start-ups out of business.
You can read our submission here.
In brief, we are proposing a private right of action to courts for abuse of dominance. This has already worked in the US and the EU. It’s being used in the UK, Australia, New Zealand, South Korea, Argentina, and Saudi Arabia. By adding three words to the Competition Act, Minister Champagne can increase innovation, protect small towns, and allow billions of dollars in compensation to be recovered by consumers who have been wronged. We urge Minister Champagne to adopt these changes.