February 18, 2014 — OTTAWA, ON — Competition Bureau
The Competition Bureau today provided a submission to the City of Toronto in response to its review of the taxicab industry, a process aimed at evaluating the City’s regulatory regime for taxicab services.
The Bureau’s submission recommends that the City’s regulatory framework be designed to promote competition for the benefit of consumers. In particular, it recommends that the City consider issuing a number of new taxi licences and amending regulations to allow for the use of new cost-saving software applications designed to arrange and pay for passenger motor vehicle transportation services.
- Where market forces are insufficient to achieve certain policy objectives, the Bureau will continue to provide advice to regulators to assist them in implementing policies that achieve their objectives in a minimally intrusive way.
- Regulation that restricts competition more than an equally effective alternative imposes unnecessary costs on Canadian consumers and businesses.
- 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.
- Greater competition generally leads to lower prices for consumers, as well as more consumer choice, a wider range of service options and increased innovation.
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The Competition Bureau, as an independent law enforcement agency, ensures that Canadian businesses and consumers prosper in a competitive and innovative marketplace.