Canadian Competition Act
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:
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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. |
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