Competition policy involves ongoing review and development of domestic policies and international trade agreements to encourage competition while promoting efficiency of the Canadian economy.
The Competition Act maintains and encourages competition in Canada to promote the efficiency and adaptability of the Canadian economy, expand opportunities for Canadian participation in world markets while at the same time recognizing the role of foreign competition in Canada, and ensure that small and medium-sized enterprises have an equal opportunity to participate in the Canadian economy, in order to provide consumers with competitive prices and product choices.
Review of competition policy
In February 2022, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, announced his intention to undertake a review of the Competition Act, beginning with immediate, targeted improvements, followed by further consultations to consider broader changes.
On November 17, 2022, the government launched a public consultation to hear Canadians’ views on broader changes to the Act and its enforcement framework that will help the Competition Bureau better protect consumers and the integrity of the marketplace.
The public submission period was closed on March 31, 2023. For more information on this consultation, visit the Consultation on the future of competition policy in Canada.
For further information, see:
Competition policy is the responsibility of the Corporate, Insolvency and Competition Policy Directorate, which is part of the Marketplace Framework Policy Branch.