Canadian Competition Act

Dictionary Says

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 Says

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.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Antitrust

    The antitrust ...
  2. Clayton Antitrust Act

    An amendment ...
  3. Federal Trade Commission - FTC

    An independent ...
  4. Canada Revenue Agency - CRA

    A federal agency ...
  5. Canadian Income Trust

    A type of ...
  6. Canadian Deposit Insurance ...

    A crown ...
  7. Prisoner's Dilemma

    A paradox in ...
  8. Economic Profit (Or Loss)

    The difference ...
  9. Minimum Wage

    The minimum ...
  10. Sticky Wage Theory

    An economic ...

Articles Of Interest

  1. Antitrust Defined

    Check out the history and reasons behind antitrust laws, as well as the arguments over them.
  2. A History Of U.S. Monopolies

    These monoliths helped develop the economy and infrastructure at the expense of competition.
  3. The History Of Economic Thought

    Economics is a vital part of every day life. Discover the major players who shaped its development.
  4. What is an antitrust law?

  5. Is Growth Always A Good Thing?

    Getting big quickly looks good, but companies can get into trouble when they do it too fast. Find out how to spot this trouble.
  6. The Impact Unpaid Internships Have On The Labor Market

    The dramatic increase in unpaid internships has given rise to favorable and unfavorable arguments based on their impact on the students/interns, the labor force and the economy as a whole.
  7. A Primer On Inflation

    Inflation has a negative connotation, but is it all bad or does it offer some tangible benefits?
  8. The Uncertainty Of Economics: Exploring The Dismal Science

    Learning about the study of economics can help you understand why you face contradictions in the market.
  9. Understanding Interest Rates, Inflation And The Bond Market

    Get to know the relationships that determine a bond's price and its payout.
  10. A Silver Primer

    Find out what affects the price of silver, the types of investments that can be made and the methods in which it is traded.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center