The Globe and Mail reports in its Friday edition that competition across Canadian businesses has declined over the past two decades, the competition watchdog warned in its latest effort to kick-start competitive forces and modernize corporate laws. The Globe's Irene Galea writes that Canada's most concentrated industries have become less efficient and have increased pricing markups as the number of rivals in their markets has declined, according to the Competition Bureau. The report stops short of offering a cure, and does not identify particular industries or the competitive challenges in each. The bureau said the study is not intended to motivate any enforcement of the Competition Act but rather to provide an overview of Canada's competitive landscape. Matthew Boswell, head of the Competition Bureau, has spearheaded efforts to modernize competition law to meet the needs of today's global digital economy. The U.S. Federal Trade Commission has issued its own draft of merger guidelines, warning about co-ordination between companies in highly concentrated markets. The Department of Justice launched an antitrust case against Google. Soon, the FTC will fight Meta and Amazon in court over other alleged monopolistic behaviour.