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Competition Policy Review Panel Recommendations to Sharpen Canada's International and Domestic Competitiveness: Impact on Financial Services by Rebecca C.W. Chan
P. Jeffrey S. Graham
Borden Ladner Gervais LLP
Toronto Office
Jeffrey S. Thomas
Borden Ladner Gervais LLP
Vancouver Office
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September 12, 2008
On June 26, 2008, Canada's Competition Policy Review Panel (the "Panel") issued its Final Report entitled Compete to Win (the "Report") after almost 12 months of consultations and research. The Panel was initially established in June, 2007 by the federal Canadian Ministers of Industry and Finance, to review Canada's competition and foreign investment policies and make appropriate recommendations for making Canada more competitive.
The Report contains 65 legislative and public policy recommendations aimed at: (a) reducing barriers to the entry of foreign investment; (b) adjusting the Canadian competition/anti-trust regime to align with internationally accepted best practices; and (c) boosting Canadian competitiveness. The recommendations assume "raising Canada's overall economic performance through greater competition will provide Canadians with a higher standard of living."
The Panel's recommendations are, for the most part, a positive contribution to the public policy debate regarding key elements of federal government policy necessary and long overdue reforms.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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