Canadian Competition Act

Summary

Canada’s Competition Act is the oldest competition statute in the western world. Its purposes are to promote competition, enhance economic efficiency and strengthen Canada’s status globally.

The Competition Act has four main areas of focus:

  • Prohibiting agreements between competitors that prevent or restrict competition unreasonably by (a) setting prices or terms, (b) allocating markets or customers, or (c) not doing business with (“boycotting”) certain customers or suppliers;
  • Reviewing trade practices between suppliers and customers that may have a substantial negative effect on competition (“reviewable trade practices”) such as (a) restricting the sale of a product to a defined market, (b) refusal to deal with a particular customer, (c) resale price maintenance, and (d) “tied selling,” or conditioning the sale of one product on the purchase of another product
  • Prohibiting abuse of dominance, or using a dominant market position to substantially restrict competition; and
  • Controlling and reviewing mergers, to prohibit mergers that will prevent or substantially restrict competition.

Criminal and civil penalties for violations of the Act can be severe, and there is no statute of limitations for investigation and prosecution of anti-competitive conduct.

© WeComply/Thomson Reuters

Key Resources

For your convenience, ACC has compiled the following key resources to assist you in your compliance efforts.

For more try searching ACC's online library for "Canadian Competition Act"

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