The Informed Consumer Standard is used in the consumer protection courts in Canada and it places the onus of making the right decisions on the buyer who is expected to have substantial knowledge of the industry and its products.

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The Informed Consumer Standard is not a specific standard used in consumer protection courts in Canada. Consumer protection in Canada typically focuses on ensuring that businesses provide clear and accurate information to consumers, rather than placing the onus on consumers to have substantial industry knowledge.

The Informed Consumer Standard Is Used in the Consumer Protection