Canadian Competition Act

AAA

DEFINITION of 'Canadian Competition Act'

A federal law that governs business practices in Canada. The Canadian Competition Act includes criminal and civil provisions intended to prevent anti-competitive practices in the marketplace. The Act seeks to:

  • Promote the adaptability and efficiency of Canada's economy
  • Expand opportunities for participation in worldwide markets
  • Create an economic environment in which small and medium-sized enterprises have equitable opportunities

The Canadian Competition Act Provide Canada's consumers with competitive product varieties and prices through such means as monitoring merger and acquisition activity to ensure that any such practices provide an overall benefit to the Canadian economy.

INVESTOPEDIA EXPLAINS 'Canadian Competition Act'

The Canadian Competition Act is similar to the U.S. Antitrust Law in that they prevent companies from attaining a market monopoly. The Canadian Competition Bureau, an independent law enforcement agency, is the primary agency responsible for the enforcement of the Canadian Competition Act, which provides for the regulation of trade and commerce in regards to trade practices, conspiracies and mergers that affect competition.

RELATED TERMS
  1. Canada Revenue Agency - CRA

    A federal agency that collects taxes and administers tax laws ...
  2. Antitrust

    The antitrust laws apply to virtually all industries and to every ...
  3. Federal Trade Commission - FTC

    An independent federal agency whose main goals are to protect ...
  4. Canadian Income Trust

    A type of corporate structure as designated by the Canada Revenue ...
  5. Canadian Deposit Insurance Corporation ...

    A crown corporation owned by the Canadian government that insures ...
  6. Clayton Antitrust Act

    An amendment passed by the U.S. Congress in 1914 that provides ...
Related Articles
  1. The History Of Economic Thought
    Economics

    The History Of Economic Thought

  2. What is an antitrust law?
    Investing

    What is an antitrust law?

  3. A History Of U.S. Monopolies
    Personal Finance

    A History Of U.S. Monopolies

  4. Antitrust Defined
    Personal Finance

    Antitrust Defined

comments powered by Disqus
Hot Definitions
  1. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  2. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  3. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  4. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  5. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  6. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
Trading Center