Focusing on the remedies piece, which I think is the most important part, right now in Canada if we intervene in a merger, which we do very rarely—in less than 1% of mergers—the standard is not to restore competition: It's to make the reduction in competition slightly less. In the U.S. and in the EU, they put the bar much higher and say, “If we're going to intervene against a merger, things should be at least as good as they were before for citizens.” If we had to pick one, I would really go there.
On April 11th, 2024. See this statement in context.