What is the purpose of the Competition Act in Canada?

The purpose of the Competition Act in Canada is to promote competition and economic adaptability in the marketplace. This legislation aims to prevent anti-competitive practices, such as monopolies and price-fixing, which can harm consumers and businesses alike. By fostering a competitive environment, the Act encourages innovation, ensures fair prices, and improves the quality of products and services available to the public. A competitive marketplace benefits consumers through choice and access while supporting economic growth and adaptability within the economy.

The focus of the Competition Act is distinctly on maintaining healthy competition, rather than establishing criminal law, regulating personal information, or setting marketing budgets, which are outside its scope.