The law meant to maintain fair fights for business in Canadian markets is getting an overhaul to bring it into the digital age and modernize penalties for unfair practices, Innovation Minister François-Philippe Champagne said. The review will specifically address wage-fixing and “drip pricing,” which is when an advertised price balloons with fees and add-ons. Champagne also announced that the threshold at which mergers can be evaluated for their effect on competition—when the combined firm will be worth $93 million or more—is staying the same, rather than rising to take account of inflation. (The Logic)
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The law meant to maintain fair fights for business in Canadian markets is getting an overhaul to bring it into the digital age and modernize penalties for unfair practices, Innovation Minister François-Philippe Champagne said. The review will specifically address wage-fixing and “drip pricing,” which is when an advertised price balloons with fees and add-ons. Champagne also announced that the threshold at which mergers can be evaluated for their effect on competition—when the combined firm will be worth $93 million or more—is staying the same, rather than rising to take account of inflation. (The Logic)
Talking point: Keeping the threshold where it is effectively expands the Competition Bureau’s power slightly. Competition commissioner Matthew Boswell has openly called for an updated law and more resources. The bureau welcomed news of the review and “looks forward to contributing ideas and analysis to this ongoing dialogue,” spokesperson Amy Butcher said in a statement to The Logic.
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