OTTAWA, ON–The Competition Bureau of Canada published its Strategic Vision outlining how it will deliver the benefits of competition to Canadians from 2020 to 2024. As markets evolve, the bureau, it said, will be at the forefront of the digital economy through strong enforcement and promotion activities.
The Competition Bureau, as an independent law enforcement agency, ensures that Canadian businesses and consumers prosper in a competitive and innovative marketplace.In executing this Vision, the Competition Bureau will focus its efforts on sectors that matter to Canadians, such as telecommunications, financial services, health, online marketing and infrastructure. Over the next four years, it will notably:
- Host an annual Digital Enforcement Summit. These events will bring together domestic and foreign partners to foster an exchange around the challenges and opportunities for competition enforcement in the digital age; and
- Create a Digital Enforcement Office that will provide specialized technological assistance to support the bureau’s work.
Digital economic activity is growing at a remarkable pace. Statistics Canada reported in May 2019 that from 2010 to 2017, the nominal gross domestic product (GDP) of digital economic activities grew at a faster pace (+40.2%) than the overall economy (+28.0%). On an annual basis, the digital economy increased more than the total economy every year except in 2011 and 2017, which it said were years of strong growth in the energy sector.
The transition to a more digital economy creates benefits and efficiencies that drive innovation and economic growth, offering Canadians new and better products and services to meet their unique needs. By focusing its enforcement and advocacy efforts on the digital economy, the Competition Bureau said it aims to foster continued economic growth while protecting Canadians from anti-competitive and deceptive conduct.
“Our Strategic Vision outlines how we will focus our efforts and renew the Competition Bureau in today’s digital age over the coming four years,” said Matthew Boswell, Commissioner of Competition. “It will be a guide for our work in establishing the Bureau as a world-leading competition agency at the forefront of the digital economy and as a champion of a culture of competition for Canada.”
- Competition in the digital age: The Competition Bureau’s Strategic Vision for 2020-2024
- Measuring digital economic activities in Canada, 2010 to 2017
- Competition Bureau Complaint Form
- Competition Bureau Advocacy Suggestion Form
The Competition Bureau, as an independent law enforcement agency, ensures that Canadian businesses and consumers prosper in a competitive and innovative marketplace.