Thank you, Mr. Chair.
On the advice of legislative drafters, given the changes already made in Bill C-59, we have chosen to repeat the text that is found in C-59 and modify it slightly to incorporate structural presumption mergers resulting in over 60% market share, which has been proposed in clause 8.
We heard from the Canadian Anti-Monopoly Project on the eight challenged mergers by the bureau over the last 40 years, and seven resulted in there being market shares above 60%. Four of them were near or literal monopolies, only two of which had any sort of remedy, and none of them were blocked.
We want to help the Competition Bureau rebalance the equation against corporations, monopolies and oligopolies and towards protecting consumers. We would also just recall the testimony from Mr. Péladeau with regard to the telco sector, which is very relevant to this section with potential telecom mergers in the future.
We would like this to be passed and would be hopeful that, given the testimony you had in support of this, we're going to see this actually become reality. Thank you.