However, against a backdrop of growing economic inequity and a better understanding of the economic, environmental and social harms associated with it, policymakers need to seriously consider promoting more inclusive growth through competition law. The regulation of competition has traditionally focused on enabling economic efficiency, even if it undermines economic fairness through layoffs or higher prices for consumers. This rare policy window offers a significant opportunity to address critical issues like declining business dynamism and entrepreneurship, weak productivity growth and increasing levels of business concentration. Increased public awareness is a good thing because the rules governing the products and services we use every day have a significant impact on our pocketbooks - and right now, those rules are up for review.Ī once-in-a-generation reform process aimed at strengthening and modernizing Canada’s Competition Act is underway. From controversy over Taylor Swift ticket sales to windfall profits for grocery companies and the now inevitable acquisition of Shaw by Rogers - competition law and policy are having a moment in Canada.
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