OMVIC Practice Test

The statement that the CPA (Canadian Consumer Protection Act) only protects consumers is false. The CPA is designed to serve the interests of both consumers and businesses, ensuring a fair marketplace. While one of its primary objectives is to protect consumers from unfair practices and deceptive marketing, it also seeks to create a balanced environment that allows businesses to operate fairly and competitively.

The act includes provisions that establish standards for business practices and enhance accountability among sellers. These standards help to ensure that consumers are treated fairly while also supporting businesses in their operations, thereby fostering fairness and equity in trade. This dual focus is essential for maintaining a healthy economy where consumers feel secure in their purchases and businesses can thrive without facing unfair competition.

Therefore, the correct answer underscores the broader intention of the CPA, highlighting that it encompasses protections for both consumers and businesses, rather than being exclusive to one party.