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Competition intensity has decreased over last two decades, Competition Bureau finds

Darpan News Desk The Canadian Press, 05 Oct, 2023 11:18 AM

Competition Bureau commissioner Matthew Boswell says new research from the bureau finds the competition intensity in the country has decreased over the last two decades.

Boswell shared the initial findings of a new report during a speech he delivered Thursday at the Competition Summit, a conference hosted by the bureau.

The commissioner said the bureau has been studying competition across sectors over two decades and will be publishing a report in the coming weeks.

"Overall, we found that Canada's competitive intensity has decreased from 2000 to 2020. Our findings in the report are quite striking and provide further support for a significant course correction in his country," Boswell said.

He also stressed the need for all levels of government to step up and help stimulate competition in the country.

"Now is the time to look at how all of us in the public sector and all levels of government, municipal, provincial, territorial and federal, can stimulate our economy by addressing restrictions that harm the competitive process," the commissioner said.

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