Competition is essential to dynamic capitalism and productive economies

We cannot afford to have an analog policy framework in today's digital world. If we want to build a more innovative economy, we need to modernize the Competition Act and give the competition watchdog the tools it needs to do the job.

Minister of Innovation, Science and Industry François-Philippe Champagne announced a federal consultation on the future of competition policy in Canada. Surprisingly, the Competition Bureau felt the need to release a public submission. While it did not garner much attention, it deserves to be read widely. The Hill Times photograph by Andrew Meade

Opinion

BY KEVIN LYNCH AND PAUL DEEGAN

April 3, 2023

Modern competition policy dates back to the U.S. Sherman Antitrust Act of 1890, which was an epochal policy response to the emergence of industrial monopolies in oil, transportation, and elsewhere. Competition policy runs in long cycles. As new monopolists emerge—often in ...

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