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HOW WILL THE GDPR AFFECT CANADIAN BUSINESSES?

Although its broad scope may impose new privacy obligations on a larger number of Canadian businesses, the impact of the GDPR in Canada is unlikely to be significant in the short term. Rather, the influence of EU privacy standards on how Canadian privacy laws are amended and interpreted in the longer term promises to have a more direct impact on Canadian businesses than the GDPR itself. Still, organizations should bring their data handling practices in line with GDPR in order to avoid the risk of large fines and preserve their ability to conduct business with EU companies.

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Posted Under: Canada, International

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