Canada needs more competition, and your committee's efforts consistently bring competition into sharper focus. We are happy to support your important work.

In these opening remarks, I want to highlight the importance of competition in responding to COVID-19. Although we face an uncertain future, an emphasis on competition today will not only protect consumers when they are at their most vulnerable, but will also ensure that our rebuilt economy is one where competition drives lower prices, improved productivity and increased levels of innovation to the benefit of all Canadians.

The Competition Bureau, as an independent law enforcement agency, ensures that Canadian consumers and businesses prosper in a competitive and innovative marketplace. The bureau does this by administering and enforcing the Competition Act. Under the act, the bureau investigates a wide range of anti-competitive behaviour.

As Canada's competition expert, the bureau promotes a pro-competitive government policy.

Competition enforcement is more important than ever. Businesses can use crises, like the COVID-19 pandemic, as cover to consolidate market power or engage in anti-competitive activity. Vigorous competition enforcement stands opposed to those who wish to capitalize on uncertainty and fear.

Since the first weeks of the pandemic, the bureau has taken action against businesses making unfounded or misleading claims that their products could prevent, treat, or cure COVID-19. As a result of our interventions, most of the businesses have taken corrective action, pulling products that raised concerns from their shelves or stopping the claims.

At the same time, the bureau moved quickly to support the supply of critical products and services across Canada. We issued a statement, which continues to apply, providing the marketplace with a principled yet flexible approach to competitor collaborations designed to support crisis response efforts.

Unfortunately, in the months ahead, we may see a rise in merger transactions involving failing businesses. In assessing these transactions, we must maintain our normal rigour and analytical framework. Relaxing our standards in a crisis period could cause irreversible intensification of market concentration, leading to deeper and longer-term harm to consumers and the economy.

Finally, we continue to prioritize competition in digital and data-driven markets. For example, in the past six months, the bureau has undertaken a number of actions in this area, including: our recent settlement with Facebook related to deceptive privacy claims; our ongoing investigation into the business practices of Amazon; and finally, our participation in the CRTC’s review of Canada’s wireless industry.

The bureau will continue to do everything in its power to protect consumers and businesses from anti-competitive activity throughout the COVID-19 pandemic.

In addition to vigorously enforcing the law, the bureau also champions pro-competitive government policy. Competition-friendly policies can aid economic recovery by stimulating entry, productivity and innovation. To support these efforts, the bureau has released a competition assessment tool kit for policy-makers. This step-by-step guide helps policy-makers to maximize the benefits of competition for Canadian consumers and businesses.

We urge governments across Canada to use competition as a focal point in facilitating economic recovery. In the face of a global pandemic, we can be sure that our focus on competition today will empower consumers and promote productivity, innovation and economic growth during our recovery. The bureau will continue to do all that it can to build a stronger and more competitive Canada.

Before fielding your questions, it is important to note that the law requires the bureau to conduct investigations confidentially and keep confidential the information we have. This obligation may prevent us from discussing some past or current investigations that may be of interest to members of this committee.

Finally, I'd like to once again thank the committee for the opportunity to appear today. We look forward to your questions.

Thank you.

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