Rogers, Shaw Soar After Courtroom Win for $14.8 Billion Deal
"Canada's merger court ruled in favor of Rogers Communications Inc. and Shaw Communications Inc. in a key antitrust case, clearing one of the final hurdles to the union of two of the nation's largest telecommunications firms."
Will competition law overhaul lead to lower prices, better conditions for workers?
"Lower prices, better treatment for workers and an economy not dominated by a handful of mega-corporations. That's the dream, at least, for some competition law reform advocates."
The Competition Tribunal’s rushed Rogers-Shaw decision puts the interests of billionaires ahead of everyday Canadians
Ottawa, ON - Late in the evening on December 29, 2022, the Competition Tribunal rejected the Competition Bureau’s request to block the harmful Rogers-Shaw transaction outright, instead accepting a remedy proposed by the merging parties that would see Rogers prop up Videotron as a replacement for the loss of Freedom and Shaw Mobile. The Canadian Anti-Monopoly Project (CAMP) released the following statement:
“Though the decision is disappointing, it is ultimately a product of Canada’s permissive and outdated merger laws,” said Keldon Bester, CAMP co-founder. “It is also disheartening to see the Tribunal rush such a critical decision for Canadians at the request of the merging parties. Despite this disappointing outcome the Government still has an opportunity to protect the interest of Canadians by clarifying and strengthening the criteria set out in Minister Champagne’s October statement. At a minimum this should include more aggressive price targets based on international benchmarks, a concrete timeframe for meeting the targets, and meaningful consequences for not doing so.”
Learn more about CAMP here.
Review of RBC’s $13.5-billion takeover of HSBC Canada shows limits to system, critics say
"He said that since HSBC hasn’t said it’s committed to leaving Canada – only that it’s looking to sell the unit – a blocked merger could just maintain the status quo. 'It really is a question of, I believe at least, what does the minister say?' "
Episode 16: Competition law and inclusive growth
"Yves Faguy speaks with economist Robin Shaban, founder of Vivic Research, about competition law and why reforms should aim to make it more growth inclusive."
Monopoly #6 - the Urge to Merge
"For 150 years, Canadian politicians have been talking out of both sides of their mouths. They claim they want to promote competition. And then they pass laws that do the opposite."