Bill Detail
An Act to amend the Competition Act
This enactment amends the Criminal Code to reduce the criminal rate of interest from sixty per cent to the Bank of Canada’s overnight rate plus twenty per cent.
✦ AI Summary
This bill, also known as the Canadian Prosperity Act, gives the Commissioner of Competition more power to address barriers to trade within Canada. If the Commissioner finds that certain trade barriers are unfairly harming competition in a market or industry, they can now make recommendations to federal or provincial government bodies to fix the issue. This aims to improve the competitiveness of Canadian markets.
Generated by Gemini · may contain errors
Legislative Timeline
2025-10-30
First reading
Current
In committee (Senate)