Truth in advertising
The Competition Bureau promotes truth in advertising in the marketplace by discouraging deceptive business practices and by encouraging the provision of sufficient information to enable informed consumer choice.
A cartel is a formal or informal group of otherwise independent businesses whose concerted goal is to lessen or prevent competition among its participants. Typically, cartel members enter into an agreement or arrangement to engage in one or more anti‑competitive activities, such as to fix prices, allocate markets or customers, limit production or supply, or rig bids.
Preventing abuse of market power
The size of a business, even one that dominates a particular market, is not, of itself, a cause for concern. Businesses may need to become large to achieve lower production costs or to compete against foreign and domestic competitors. However, when a dominant company exploits its market power in a way that hurts competition in the marketplace the Competition Act may come into play.
Under the Competition Act, mergers of all sizes and in all sectors of the economy are subject to review by the Commissioner of Competition to determine whether they will likely result in a substantial lessening or prevention of competition.
The Commissioner of Competition must be notified of all mergers that exceed certain size thresholds prior to completion. Failure to notify is a criminal offence.
The Competition Bureau, as an independent law enforcement agency, ensures that Canadian businesses and consumers prosper in a competitive and innovative marketplace. As part of its mandate, the Bureau participates in a wide range of activities to promote and advocate the benefits of a competitive marketplace, both in Canada and abroad. More competition generally leads to lower prices for consumers, as well as increased choice and innovation.
Globalization makes international collaboration in competition law enforcement increasingly important to address anti‑competitive conduct that crosses borders. As more business is conducted across global markets, the Competition Bureau’s work has an increasingly international dimension.
The Competition Bureau works frequently with its international counterparts to fulfill its mandate to effectively enforce the Competition Act and ensure that Canadian consumers and businesses prosper in a competitive and innovative marketplace.
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