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Finance committee The bureau does an incredible amount of work in the telecom sector. We're regularly providing competition advice or input to the CRTC on how it can take steps to enhance competition in that sector. We made a huge submission in 2019 to early 2020 on competition in the wireless spa
April 18th, 2024Committee meeting
Matthew Boswell
Finance committee I have forgotten which former Bank of Canada governor said this in a speech, probably about 10 years ago, but I would just add that competition causes good disinflation. That is a point we've been making for years at the bureau. The more competition we have, the more it will dri
April 18th, 2024Committee meeting
Matthew Boswell
Finance committee Absolutely. It's better for productivity, better for innovation and better for consumers in all sorts of ways. It provides multiple dividends to our economy, and we should pay really close attention to it at all times. A key pillar of a capitalist society is having healthy, robus
April 18th, 2024Committee meeting
Matthew Boswell
Finance committee Thank you for the question, because it's important to clarify that that's not what we're suggesting. We're suggesting that when certain mergers—and it would be a very small percentage of mergers in Canada—get over the thresholds that we set out in our submission to this committe
April 18th, 2024Committee meeting
Matthew Boswell
Finance committee Certainly. A bit of a unique feature in Canada in terms of competition law is carve-outs for certain types of mergers, where, effectively, our role becomes one of adviser. We provide our views to either the Minister of Finance or the Minister of Transport on mergers in those area
April 18th, 2024Committee meeting
Matthew Boswell
Finance committee Never through the court process, no.
April 18th, 2024Committee meeting
Matthew Boswell
Finance committee That's correct. We saw what we refer to in the competition world as a “full block”.
April 18th, 2024Committee meeting
Matthew Boswell
Finance committee I wouldn't describe it as “suing” the bureau. At the end of a litigation process, there's a notion of costs, and that's under the Competition Tribunal Act. The Competition Tribunal determined that the bureau ought to pay approximately $13 million in costs as a result of our attem
April 18th, 2024Committee meeting
Matthew Boswell
Finance committee As I set out in my opening, rebuttable structural presumptions are incredibly important and would be a very significant change in terms of merger law in Canada. As I pointed out, it's not some sort of magic thing that we've come up with at the bureau by ourselves. It's an approac
April 18th, 2024Committee meeting
Matthew Boswell
Finance committee I'm sorry.
April 18th, 2024Committee meeting
Matthew Boswell
Finance committee Sorry, I missed the tail end of the question. It was something about ITCs.
April 18th, 2024Committee meeting
Matthew Boswell
Finance committee I'm not familiar enough with the ITC and its impact to comment on that. That's really outside of my lane.
April 18th, 2024Committee meeting
Matthew Boswell
Finance committee Correspondence...?
April 18th, 2024Committee meeting
Matthew Boswell
Finance committee I believe they responded publicly to the recommendation that the bureau made, yes.
April 18th, 2024Committee meeting
Matthew Boswell
Finance committee In our submission to Finance, we pointed to specific data that shows the benefit of shopping around, in terms of the interest rate you are going to pay. When you have the ability to go to different institutions and say, “Do you want my business?”, you're going to get competition.
April 18th, 2024Committee meeting
Matthew Boswell