Madam Speaker, I would like to commend my colleague for introducing Bill C-452 with regard to the Competition Act. I would like to commend all of my colleagues for participating in the debate on this particular topic. We all, I believe, understand the value of competition.
Certainly, we in the Liberal Party value and understand the importance of competition in the market and understand that a competitive economy is a more prosperous economy. We also understand the need for protecting consumers and to ensure that the market itself is not so much protected but operated in a manner that prevents distortions in the market that may result from concentration or inappropriate behaviour.
Although the Competition Act and the Commissioner of Competition have important rights, which we value in terms of investigating particular businesses and their activities, the commissioner can only do that as a result of a specific complaint from an entity, individual or some other enterprise. In the market there are times when an individual or entity may, in fact, be hesitant for competitive, market or other reasons that we may not be aware of to raise a specific complaint with the Competition Bureau. In that sense, where those situations exist, it is important to give the Commissioner of Competition the opportunity to look at an entire industry sector.
I have no intention today of raising specific industries. My view is that this is an opportunity for the Commissioner of Competition, when it is appropriate, regardless of the industry, if there are issues that have been raised that suggest that an investigation is warranted into the industry as a whole. This is indeed an improvement to the Competition Act that would allow the commissioner to do just that.
I would like to thank my colleague for introducing this bill, which would enhance the Competition Act. Liberal members understand how important it is to have marketplace competition, but we also recognize the importance of protecting consumers by ensuring that prices and products on the Canadian market comply with the law.
There have been a number of arguments put forward in debate in this House that perhaps this gives too much discretion to the Commissioner of Competition. I would argue that this is not a situation where the commissioner would undertake an investigation willy-nilly. The history of the Competition Bureau has been one of operating with significant understanding of the Canadian market in all the different industries that have been looked at.
I would also argue that the Commissioner of Competition has had the opportunity to review certain industries as a result of investigations into particular business activities, particular activities engaged in by particular enterprises. That particular study ends up being done appropriately but too often through the back door. The addition of this provision would allow the competition authorities to engage in that larger investigation of an entire industry where warranted.
To address a concern that somehow this would provide an opportunity to go looking for problems, I completely disagree with that. The history of the Competition Bureau has been one of real understanding of the need of when to be involved and when not to be involved. I will repeat my earlier comment that up until now the opportunity has only arisen when a specific complaint has been laid.
The addition of this clause would allow the Competition Bureau to investigate an entire industry sector. That would not happen out of the blue. The entire history of the Competition Bureau would suggest that any such investigation would only happen when there was sufficient information available, whether through the market or through other indications that such an investigation would in fact be warranted.
In that regard, I have considerable faith in the Competition Bureau as an entity and in the people involved not to be engaging in witch hunts but, in fact, to take advantage the addition of a clause like this one to enhance their ability to balance the needs in the Canadian market of encouraging competition and competitive activity in this country in order to ensure the most prosperous domestic economy that we can achieve. We must also ensure the greatest level of global competitiveness that we can, all the while understanding the need to ensure that consumers in Canada are able to obtain the best products at the best prices without any undue influence in the market or any distortions in the market that may be seen in any particular industry.
I want to again thank my colleague for introducing this amendment to the Competition Act. I want to thank all of my colleagues who have participated in this debate. I have heard some of the arguments against it, but I would suggest that we should have a greater level of confidence in the Competition Bureau and the people who work in the Competition Bureau to use this to enhance their ability to encourage competition, and to ensure the best market and economic opportunities, and the protections that consumers need in Canada.
I look forward to hearing continued debate.