Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
FP | | May 27, 2022
Matthew Boswell, Commissioner Competition Bureau
To beat back the worst inflation in decades, Canada needs to modernize its competition laws and chase down companies that collude to jack up prices, the federal competition watchdog said in a speech this week.
Competition commissioner Matthew Boswell made the case for competition policy as a tool to tamp down consumer prices in Canada, where shopping for groceries and pumping gas has become “anxiety inducing,” as he put it:
If we do this right, we can keep growing. Or we can get it wrong. We can stifle competition, whether due to anti-competitive behaviour or regulatory impediments. And suffer now and for years in the future as a result.
The remarks come as Boswell’s Competition Bureau embarks on one of the most high-profile legal battles in its history, attempting to block Rogers Communications Inc.’s $26-billion takeover of Shaw Communications Inc. In his speech, Boswell said he’s challenging the merger because he wants to “protect Canadians from higher prices, poorer service quality and fewer choices” — reiterating the bureau’s previous statements on the matter.
Robin Shaban, a former officer at the Competition Bureau and senior economist at Vivic Research:
We do know that our current approach, an oligopolistic way of organizing our society, it’s just not cutting it any more.
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