Welcome to the May issue of Blakes Competitive Edge, a monthly publication of the Blakes Competition, Antitrust & Foreign Investment group. Blakes Competitive Edge provides an overview of recent developments in Canadian competition law, including updates on enforcement activity by the Canadian Competition Bureau (Bureau), recent initiatives and key trends. Key Highlights Merger review activity continues to pick up from the significant reduction resulting from COVID-19 observed in 2020 (particularly in the second quarter and through the summer months), with the number of completed merger reviews through the end of April (79) being 30 per cent higher than the number of completed reviews through the same period in 2020 (61). Indeed, merger activity in the first four months of 2021 exceeded pre-pandemic levels, being 36 per cent higher than the number of completed reviews through the same period in 2019 (58).