GATINEAU – The Competition Bureau announced that it has entered into a consent agreement with Béton Provincial to address competition concerns from its acquisition of the Québec-based concrete operations of CRH Canada Group Inc. (CRH). The Bureau’s review concluded that the proposed transaction would likely result in a substantial lessening of competition for the supply of ready-mix concrete (RMC) in the …
GATINEAU – The Competition Bureau announced that the filing fee for merger reviews will increase from $82,719.12 to $86,358.76, effective April 1, 2024. The increase is a result of an annual adjustment described in the Service Fees Act. The Competition Act requires that entities notify the Bureau if proposed mergers, acquisitions and other transactions meet certain thresholds. The Bureau reviews these notifiable transactions …
GATINEAU – The Competition Bureau has launched a new reporting tool to help the public and business community report potential collusive agreements between competitors related to the Fifa World Cup 26. The new tool will help the Bureau identify this type of illegal agreement between competitors bidding on contracts linked to the 2026 tournament, which Canada will jointly host with the …
GATINEAU – As part of its commitment to engage with Canadians on emerging issues, the Competition Bureau has published a discussion paper on artificial intelligence (AI) and competition for public consultation. The discussion paper explores several considerations for how AI may affect competition in Canada. With AI affecting many sectors of the Canadian economy, the Bureau is aiming to promote discussion …
GATINEAU – The Competition Bureau has obtained a court order to gather information and advance an ongoing investigation into Google’s online advertising practices in Canada. The Bureau is investigating whether Google has engaged in certain practices that harm competition in the online display advertising industry in Canada. This industry is made up of various technology products that are used to …
Reappointment to ensure continued efforts to reinforce competition in the Canadian economy Ottawa – François-Philippe Champagne, Minister of Innovation, Science and Industry, announced the reappointment of Matthew Boswell as Commissioner of Competition for a two-year term, effective February 27, 2024. Matthew Boswell has been leading the Competition Bureau in its efforts to reinforce competition in Canada’s economy since 2019. In 2022, …
Ottawa – Chrystia Freeland, Deputy Prime Minister and Minister of Finance, pursuant to her authorities under the Bank Act, approved the sale of HSBC Bank Canada (HSBC) to Royal Bank of Canada (RBC), subject to strict terms and conditions imposed on RBC. RBC’s proposed acquisition followed HSBC Global’s November 2022 announcement of its exit from the Canadian market, which is part of …
Ottawa – Deputy prime Minister Chrystia Freeland has said: “Mr. Chair, it is my pleasure to appear before you and Members of the committee to discuss Bill C-56, the Affordable Housing and Groceries Act. This legislation is part of our government’s economic plan, which is about building an economy that works for everyone—with good jobs that people can count on. And …
New bulletin addresses legal amendments that came into force in June 2022 GATINEAU – The Competition Bureau is inviting interested parties to provide feedback on its new Bulletin on Amendments to the Abuse of Dominance Provisions. The Bulletin was developed to provide preliminary guidance on the Bureau’s approach to last year’s amendments to the Competition Act. These amendments strengthen the abuse of dominance …
GATINEAU – The Competition Bureau, alongside the U.S. Department of Justice Antitrust Division and the Federal Economic Competition Commission of Mexico, launched a joint initiative today to detect and combat anti-competitive conduct by businesses and individuals involved in providing goods and services related to the 2026 FIFA World Cup. Collaboration with American and Mexican competition authorities will allow the Bureau …
