Competition Bureau Publishes Report on Canada’s Competition Summit 2024
November 13, 2024
The Competition Bureau has released a report summarizing the key discussions and insights from Canada’s Competition Summit 2024, held in Ottawa on October 24-25, 2024.
The summit brought together over 300 stakeholders, including government officials, industry representatives, academics, and consumer advocates, to discuss the state of competition in Canada and identify areas for improvement.
The report highlights the following key themes that emerged from the summit:
1. The Need for a Level Playing Field:
Participants emphasized the importance of ensuring a level playing field for businesses, regardless of their size or sector. Concerns were raised about the potential for large, dominant players to stifle competition and innovation.
2. The Role of Digital Technologies:
The summit recognized the transformative impact of digital technologies on the economy and competition landscape. Participants discussed the potential benefits and risks associated with data concentration, algorithmic decision-making, and the emergence of new digital markets.
3. Addressing Anti-Competitive Conduct:
The need to effectively address anti-competitive conduct, such as cartels, mergers, and predatory pricing, was a central topic of discussion. Participants called for enhanced enforcement mechanisms and penalties to deter and punish such behaviors.
4. Consumer Protection:
The summit highlighted the importance of protecting consumers from unfair and deceptive practices. Participants discussed measures to enhance consumer awareness, promote price transparency, and improve access to dispute resolution mechanisms.
5. The Future of Competition Policy:
Participants looked ahead to the future of competition policy and considered the need for ongoing modernization and adaptation to address emerging challenges and opportunities.
The Competition Bureau’s report on the summit provides valuable insights and recommendations for shaping future competition policy in Canada. It calls for ongoing collaboration among stakeholders to ensure that the Canadian market remains competitive, fair, and beneficial for businesses and consumers alike.
Additional Information:
- The full report is available on the Competition Bureau website: www.competitionbureau.gc.ca/eic/site/cb-bc.nsf/eng/07182.html
- The Competition Bureau encourages stakeholders to engage in ongoing dialogue and provide further input on the issues discussed at the summit.
- Canada’s Competition Summit is a biennial event organized by the Competition Bureau to facilitate discussions on key competition policy issues affecting the country.
Competition Bureau publishes report on Canada’s Competition Summit 2024
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