Global fintech and funding innovation ecosystem

Canada’s Competition Consultation Continues (thanks Senator Colin Deacon)

Senator Colin Deacon | Jul 17, 2022

Monopoly - Canada's Competition Consultation Continues (thanks Senator Colin Deacon)

In a continuing effort to ensure Canada has an effective and impactful competition law framework, Senator Wetson initiated a consultation to promote additional dialogue on paths forward for Canadian competition law in October 2021. This consultation was intended to inform future parliamentary consideration of the Competition Act in which he hoped to engage.

To stimulate this discussion, he commissioned a consultation paper during the summer of 2021 entitled Examining the Canadian Competition Act in the Digital Era, written by Professor Ed Iacobucci, former Dean of the University of Toronto Faculty of Law. The paper was widely distributed to stakeholders.

See:  Regulators Stand in the Way of What Canadians Want: More Competition in Banking

Recent years have witnessed a major digital transformation in the economy. These developments have corresponded with a greater interest in competition policy, and commentators in Canada and around the world have debated the merits of competition law reform in numerous areas.  Building on this attention and focus, this consultation was intended to determine whether Canada’s competition policy framework, and the Competition Act in particular, remain appropriate in the digital age.

We invite you to review the consultation paper, its executive summary, a letter to stakeholders, the submissions received, and Senator Wetston's final commentary. Further developments related to this consultation initiative will be posted here.

Whatever is ultimately chosen, the emergence of digital markets, and the emergence of new economic and political concerns associated with competition policy, have put greater importance on amending the Act to clarify its purpose.

Continue to the original page --> here

NCFA Jan 2018 resize - Canada's Competition Consultation Continues (thanks Senator Colin Deacon)The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit:

Latest news - Canada's Competition Consultation Continues (thanks Senator Colin Deacon)FF Logo 400 v3 - Canada's Competition Consultation Continues (thanks Senator Colin Deacon)community social impact - Canada's Competition Consultation Continues (thanks Senator Colin Deacon)

Support NCFA by Following us on Twitter!

NCFA Sign up for our newsletter - Canada's Competition Consultation Continues (thanks Senator Colin Deacon)


Leave a Reply

Your email address will not be published. Required fields are marked *

13 + 10 =