Mr. Speaker, the Competition Act, which was the main focus of the speech by my colleague opposite, has two components. It prohibits certain anti-competition practices, and it makes corporate mergers and acquisitions more difficult. In Canada, the status quo boils down to a single practice: efficiency gains. The efficiency argument allows buyouts. The Competition Bureau gives them a pass.
Could my colleague give us practical examples of how these improved competition rules will affect prices, and therefore, inflation, and how these factors will improve the lives of our fellow citizens?