Draft Annual Plan outlines how Bureau will help foster conditions for innovation
Bureau invites public comment on 2017-18 priorities and objectives
April 18, 2017 – OTTAWA, ON – Competition Bureau
The Competition Bureau released its draft 2017-18 Annual Plan: Competition is Key for public comment today.
The draft Plan provides details on the Bureau’s priorities and objectives for the coming year. It outlines how the Bureau will continue its work to foster the conditions for innovation in Canada. This includes promoting fair competition and confidence in the digital economy, advocating for pro-competitive regulations in the financial services sector, examining the growing use of big data, and tackling online deceptive marketing practices.
Stakeholders are invited to submit comments on the draft Plan by e-mail, fax or regular mail by May 2, 2017 to:
50 Victoria Street
Fax: (819) 953-6400
“Innovation is an essential element of competition, and the Bureau’s Annual Plan outlines how we will strongly protect it. I want to hear Canadians’ views on our proposed priorities and objectives for the coming year. We want to see businesses competing on a level playing field and consumers enjoying the benefits of fair, healthy, and competitive markets.”
Commissioner of Competition
In addition to enforcing Canada’s competition laws, in 2017-18, the Bureau plans to foster conditions for innovation by:
Focusing on the digital economy as a key priority. The Bureau will take action against deceptive marketing practices that undermine consumer confidence including hidden fees, fake online reviews and hidden terms and conditions.
Publishing a white paper that explores issues related to big data from a competition perspective, and articulates the Bureau’s approach to big data in enforcement matters;
Publishing a report on the findings of our market study on technology-led innovation in the Canadian financial services (FinTech) sector; and
Continuing work to prevent fraud and bid-rigging on infrastructure projects, and to promote compliance with the law among small and medium-sized businesses.
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The Competition Bureau, as an independent law enforcement agency, ensures that Canadian businesses and consumers prosper in a competitive and innovative marketplace.
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