Welcome to the November issue of Blakes Competitive Edge, a monthly publication of the Blakes Competition, Antitrust &
Key Highlights
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Merger activity in 2023 remains slow despite increased activity in October with 157 mergers completed through the end of the month. This is a 6.6% decrease over the number of reviews completed in the same period in 2022 (168).
- The Bureau publishes a draft bulletin on the 2022 amendments to the abuse of dominance provisions.
- The Bureau publishes its 2022 to 2023 annual report.
Primary Industries : manufacturing (29%); real estate and rental and leasing (19%); finance and insurance (10%); health care and social assistance (10%); and retail trade (10%)- One consent agreement (remedy) registered
- 13 transactions received an Advance Ruling Certificate (62%), seven transactions received a No Action Letter (33%)
- Primary industries: manufacturing (22%); mining, quarrying, and oil and gas extraction (17%); real estate and rental and leasing (13%); finance and insurance (11%); retail trade (7%)
- Four consent agreements (remedies) registered
- One judicial decision
- 75 transactions received an Advance Ruling Certificate (48%),75transactions received a No Action Letter (48%)
- Country of ultimate control:
United States (48%);United Kingdom (9%);France (4%);Japan (4%) - Country of ultimate control:
U.S. (51%);U.K. (7%);France (6%);Austria (4%);Germany (3%);India (3%) - Country of origin of investor:
U.S. (43%);U.K. (29%);Japan (14%);Ukraine (14%) - Country of origin of investor:
U.S. (52%);China (14%);Sweden (7%);U.K. (7%);Japan (5%)
Merger Monitor
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21 merger reviews completed
January –
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157 merger reviews completed
Merger Reviews Completed Year to Date in 2023 by Primary Industry
Merger Enforcement Activity
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On
Other Enforcement Activity
Criminal charges laid against two individuals in a bid-rigging case in Outaouais
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On
Non-Enforcement Activity
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On
Commissioner Boswell remarks on
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On
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On
Investment Canada Act
Non-Cultural Investments
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Zero reviewable investment approvals and 89 notifications filed (72 filed for acquisitions and 17 for the establishment of a new Canadian business)
January –
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Four reviewable investment approvals and 896 notifications filed (671 filed for acquisitions and 221 for the establishment of a new Canadian business)
Cultural Investments
Q4 2022 Highlights
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One reviewable investment approval and six notifications filed (five for acquisitions and one for establishment of a new Canadian business)
2022 Highlights
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11 reviewable investment approvals and 33 notifications filed (23 for acquisitions and 10 for establishment of a new Canadian business)
Blakes Notes
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Browse our thought-leadership insights from the Competition, Antitrust &
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