Antitrust & Competition Policy Blog

Editor: D. Daniel Sokol
University of Florida
Levin College of Law

Thursday, June 26, 2008

Canada's Competition Review Panel Report is Out

Posted by D. Daniel Sokol

Competition Policy Review Panel issued its long awaited report to the Minister of Industry. A summary of the report is available at:

The full report is available at$FILE/Compete_to_Win.pdf.

Specific policy  recommendations to the federal government include:

  • Amending the Investment Canada Act to reduce barriers to foreign investment by increasing review thresholds; reversing the onus to require the government to demonstrate that an investment would be contrary to the national interest before disallowing a transaction; increasing transparency and predictability; and preserving a distinct approach for the cultural sector while also initiating a broad review of Canada’s cultural policies;
  • Liberalizing investment restrictions in the Canadian air transport, uranium mining, and telecommunications and broadcasting sectors, and removing the de facto ban on mergers in the financial services sector;
  • Updating and modernizing the Competition Act in line with best practices internationally;
  • Creating a Canadian Competitiveness Council to give voice to and advocate for competition in Canada, and ensure sustained attention by governments on national competitiveness.

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