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In brief Modernization of Canadian competition law and foreign investment review is well underway. Recent and further proposed legislative amendments will impact how dealmakers assess substantial and procedural regulatory risk for mergers. This update summarizes the recent legislative amendments to the Competition Act (β€œAct”) that came into effect on 15 December 2023 and proposed legislative amendments to the Act and Investment Canada Act (β€œICA”). Dealmakers should be aware of these amendments as they plan mergers…