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

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

May 17th, 2022 / 4:35 p.m.

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

I'm not going to comment on Rogers-Shaw at all, but I'll speak about the efficiencies defence in the abstract.

My view of it is that there's an economic basis for the Competition Act. It is attempting to grow the size of the pie for Canadians. It's not concerned, and this is what I've said in different ways at different times already today, as much about the distribution of that pie. The concern about the efficiencies defence, which it sounds like you're quite familiar with, is that maybe you'll grow the size of the pie, but in terms of distribution it looks unattractive because maybe jobs—

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