Mr. Edward Iacobucci at the Industry, Science and Technology Committee

On May 17th, 2022. See this statement in context.

May 17th, 2022 / 4:30 p.m.

Professor and Toronto Stock Exchange Chair in Capital Markets, Faculty of Law, University of Toronto, As an Individual

I think that's not a natural for competition law. Competition law doesn't regulate prices. Other kinds of laws, regulation and institutions look to price caps and the like. That's the first point.

The second point is what I said earlier to Mr. Masse. I have no expertise on whether the price-cost relationship is out of whack in the credit card companies. That's not something I would speak to.

The third—

See context to find out what was said next.