Competition Act (Canada)

The Competition Act in Canada is a law that promotes fair business practices and a competitive marketplace. It prohibits companies from engaging in anti-competitive behaviors such as false advertising, cartel schemes, or abuse of market power that could harm consumers or other businesses. The Act aims to ensure individuals and companies operate honestly, allowing for innovation and fair prices. Enforced by the Competition Bureau, it helps maintain a level playing field so that consumers benefit from choices, quality, and affordable options without unfair interference or deceptive practices.