Canada Wants Europe’s Competition Policy? It Will Also Get Europe’s Economic Stagnation
Amid an increasingly tense political and economic environment, Rob Atkinson writes in The Globe and Mail it is easy to overlook the seemingly measured but far-reaching reform of Canada’s competition laws that is under way.
Two bills—C-56, the already enacted Affordable Housing and Groceries Act, and C-59, the pending Fall Economic Statement Implementation Act—are radically reshaping Canadian competition law to, as the Department of Finance puts it, “ensure that our marketplaces promote fairness, affordability and innovation.”
Yet, the changes these bills are making to reduce market concentration in the Canadian economy pose grave risks to the future of the innovation that is essential to keeping Canada’s innovation economy from declining even more...
