News Analysis
Canada is abound with industries dominated by a handful of players, resulting in higher prices for consumers, less innovation, and weaker economic growth. Ottawa aims to increase competition by revising its outdated legal framework, but a veteran economist says it’s government actions that have been undercutting competition and continue to do so.
“It’s farcical for the government to pretend that it’s encouraging competition through changes in competition law,” Philip Cross, former chief economic analyst at Statistics Canada and Munk senior fellow at the Macdonald-Laurier Institute (MLI), told The Epoch Times.
“The fundamental problem of competition in Canada is not the competition law—the whole culture of how governments in Canada interact or work with the business sector, in particular, shelter in large parts of the business sector.”…
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