Ottawa freezes merger notification threshold, funds housing innovation projects

Ottawa is freezing the threshold at which the Competition Bureau must be notified of a merger.

The federal Liberal government is also providing $123 million to eight homebuilders it says are driving innovation and will help build more than 5,000 affordable homes.

The announcements came Tuesday during Finance Minister Chrystia Freeland's weekly economic update alongside other ministers.

Federal law requires that mergers that exceed a certain value are flagged to the Competition Bureau in advance so it can assess the potential impact.