Melanie Aitken speaks with BNN Bloomberg about the Canadian Competition Bureau's recent in-depth study—Competition in Canada from 2000 to 2020: An Economy at a Crossroads—which tracks a decline in Canada’s competitive intensity over the last two decades. She says the findings of the report are not surprising and its recommendations won't reverse the trend.
Melanie says the real change that's needed to make Canada's economy more competitive includes:
- smart deregulation, such as dismantling supply management;
- loosening foreign investment restrictions, notably in telecoms, airlines and banks; and
- asking why Canada still has state-owned enterprises in areas like alcohol.
Bennett Jones